Theoretical Foundations of Accounting and Analytical Support for the Depreciation Policy of Enterprises
Abstract
The article is aimed at studying issues related to the theoretical foundations of accounting-analytical support for enterprise depreciation policies. The essence of the concept of depreciation is defined as the phenomenon of gradual decrease or loss of value of assets over their useful period of utilization due to physical usage, moral, or technical obsolescence. It is noted that depreciation policy constitutes a system of strategic decisions and approaches that define the principles and methods of depreciation accrual, as well as aimed at optimizing the use of enterprise assets. External and internal factors determining the strategies and techniques of fixed assets reproduction and effective utilization are identified.
It is defined that the accounting-analytical support system for depreciation policy encompasses a complex of interacting and interconnected elements that facilitate the systematic recording, processing, and analysis of information necessary for planning the dynamics of fixed capital development as a fundamental element of production function and evaluating the effectiveness of enterprise depreciation policies. A model of the accounting-analytical support system for forming enterprise depreciation policies has been developed, consisting of accounting, analytical, and control subsystems. Three levels of accounting for forming depreciation policies are identified, namely: methodological, technical, and organizational. Each of these levels corresponds to stages of accounting conducted in enterprises. It is noted that the formation of enterprise depreciation policies involves the utilization of components of the accounting system, including an information network with channels through which data on the state of accounting objects and analysis, such as fixed assets, depreciation deductions, and others, are received.
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References
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