ACCOUNTING OF FIXED ASSETS AND INTANGIBLE ASSETS
Keywords:
accounting, fixed assets, intangible assets, depreciation, amortization, financial reporting, asset valuation, accounting standards.Abstract
Fixed assets and intangible assets represent significant components
of an organization's resources and play a crucial role in business operations and
financial reporting. Proper accounting of these assets ensures the accuracy of financial
statements, supports effective management decisions, and contributes to sustainable
economic development. This article examines the concepts, classification, recognition,
valuation, and accounting procedures related to fixed assets and intangible assets.
Particular attention is given to depreciation, amortization, and the importance of
accurate accounting practices in modern enterprises.
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