The accounting of fixed assets according to the international financial reporting standards and normative documents of the Republic of Belarus

Abstract

The economic development of our country is connected with the continuous growth of fixed assets, capital investment and indigenous organizations rearmament at present. The value of fixed assets in social production is determined by the position of tools in the development of productive forces and production relations. The dependence on the state of social production and the level of fixed assets increases with the development of technological progress. Quality status of fixed assets, their development level and accordance with the latest achievements of scientific and technical progress determine the level of society productive forces.