Modern principles of non-current assets accounting in management decision-making

Abstract

n the context of the dynamic development of the economy and growing competition both in domestic andforeign markets, effective management of business activities is impossible without accurate, timely, and relevantinformation about their assets. Among all types of assets, non-current assets hold a special place, as they formthe material and technical base for the operation of the enterprise, determine its production potential, andsignificantly impact the provision of long-term financial stability. Thus, the article aims to explore modernapproaches to the accounting of non-current assets in light of management needs, identify problematic aspectsin the practice of enterprises, and substantiate directions for improving the accounting policy in this area. Theresearch findings indicate that modern approaches to accounting for non-current assets go beyond traditionalfinancial accounting and increasingly focus on meeting the informational needs of the management process. Inthis context, the accounting of non-current assets serves the function of generating operational, analytical,and forecast information necessary for making informed decisions at various management levels.