THE PROBLEMS OF ACCOUNTING OF depreciation AND AMORTISATION OF NON-PROFIT ORGANIZATIONS' fixed assets

Abstract

The current Accounting Regulation Accounting of fixed assets definitely prohibits the depreciation charge on non-profit organizations' fixed assets notwithstanding if they are used in the authorized or entrepreneurial activity. The information should be accumulated in the off-balance accounts, where the depreciation sums are calculated by linear method. The article attempts to eliminate this injustice in respect to those non-profit organizations which have to take up entrepreneurial activity to survive under the difficult conditions of market economy.

Keywords

• depreciation
• fixed assets
• non-profit organization
• entrepreneurial activity
• market economy
• off-balance account
• depreciation sum
• reports