Initial measurement of property, plant and equipment in the new Federal Accounting Standards for non-public sector organizations-Reference-Cited by-同舟云学术

Initial measurement of property, plant and equipment in the new Federal Accounting Standards for non-public sector organizations

Published:2021-01-01 Issue:1 Volume: Page:27-34
ISSN:2075-0242
Container-title:Buhuchet v zdravoohranenii (Accounting in Healthcare)
language:ru
Short-container-title:

Author:

Druzhilovskaya Emilia Sergeevna¹

Affiliation:

1. Lobachevsky State University of Nizhni Novgorod

Abstract

This article analyzes the regulations for the initial measurement of property, plant and equipment in the recently approved by the Ministry of Finance of the Russian Federation Federal Accounting Standards (FAS) of non-public sector organizations, including healthcare organizations in this sector. These standards are FAS 6/2020 “Property, plant and equipment” and FAS 26/2020 “Capital investments”. These standards come into force in 2022 and replace PA 6/01 and Methodological Guidelines for Accounting for Fixed Assets. The article analyzes the most significant innovations of these FASs in relation to the initial measurement of property, plant and equipment in the accounting of non-public sector organizations (including healthcare organizations), identifies the main problematic issues in this area and presents proposals for their solution.

Publisher

PANORAMA Publishing House

Subject

Management, Monitoring, Policy and Law,Geography, Planning and Development

Reference5 articles.

1. Federal Accounting Standard of Public Finances “Property, Plant and Equipment”. Approved by Order of the Ministry of Finance of the Russian Federation № 204n dated 09/17/2020.

2. Federal Accounting Standard of Public Finances “Capital Investments”. Approved by Order of the Ministry of Finance of the Russian Federation № 204n dated 09/17/2020.

3. Druzhilovskaya E.S. Features of the valuation of property, plant and equipment in non-profit organizations: modern requirements of RAS and their expected changes / E.S. Druzhilovskaya // Accounting in budgetary and non-commercial organizations. — 2013. — № 5 (317). — P. 22–28.

4. Druzhilovskaya E.S. Accounting for property, plant and equipment of budgetary institutions in RAS, projects of new RAS and in IFRS / E.S. Druzhilovskaya // Accounting in budgetary and non-commercial organizations. — 2014. — № 6 (342). — P. 2–9.

5. Prodanova N.A., Trofimova L.B., Adamenko A.A., Erzinkyan E.A., Savina N.V., Korshuno va L.N. Methodology for assessing control in the formation of financial statements of a consolidated business / N.A. Prodanova, L.B. Trofimova, A.A. Adamenko, E.A. Erzinkyan, N.V. Savina, L.N. Korshunova // International Journal of Recent Technology and Engineering. — 2019. — Т. 8. № 1. — P. 2696–2702.

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3. Intangible asset accounting outlook: Valuation and reporting;International Accounting;2022-11-15

4. FSBU 26/2020 – Capital Investments, and FSBU 6/2020 – Property, Plant and Equipment: The issues of application;International Accounting;2022-04-15