Accounting policy of fixed assets as a factor in improving the efficiency of management.

Abstract

Achieving the tactical and strategic goals that are set by the company is impossible without a thoughtful accounting policy as the basis of an effective accounting system. The Ministry of Finance of Ukraine and sectoral ministries provide guidance on the methodology for accounting policies for accounting areas. But in practice, many businesses formally refer to accounting policies, while duplicating methodological recommendations or regulations, do not take into account the specifics of their activities and accounting cycle. Therefore, research into the content of accounting policies is interesting in terms of improving management effectiveness. Despite the considerable amount of research on this topic, the content of accounting policies for fixed assets remains relevant and needs further research, given the dynamics of economic processes in the world and Ukraine. The purpose of the article is to investigate the content of accounting policies in terms of the impact on the effectiveness of management of fixed assets. The elements of accounting policies for fixed assets and problems that arise in accounting practices in their formation are analyzed in detail. Taking into account the identified problems, the algorithm of the accounting policy-making process is proposed and the macro- and micro-level factors that influence the components of accounting policy are distinguished. According to the results of the research, it is established that a balanced accounting policy for fixed assets can improve management efficiency, achieve the goals set, optimize the costs of the enterprise. The focus of further research will be to consider accounting practices for the implementation of policies on fixed assets of the domestic enterprise.