Identification of Essential Characteristics of Fixed Assets: Theoretical and Methodical Aspects

Abstract

The goal of the article lies in the study of the economic essence of fixed assets. Analysing, systemising and generalising scientific works of a number of scientists, the article considers theoretical and methodical approaches with respect to the general economic and applied interpretation of the economic essence of fixed assets. In the result of the conducted study the article marks out expediency of consideration of the essence of fixed assets using the system approach, which allows taking into consideration possible cause-effect and functional relations and dependencies, economic relations and phenomena connected with their composition, motion and use; it marks out the most significant sides and characteristic features of fixed assets as objects of business accounting and economic analysis. The prospect of further studies in this direction is improvement of grouping of classification properties of fixed assets for business accounting and economic analysis with consideration of their specified essential characteristics.

Keywords

• means of labour
• fixed assets
• tangible assets
• capital
• wear and tear
• recreation