PRINCIPLES OF VALUATION OF NON-CURRENT ASSETS

Abstract

In the current global economic environment, the correct valuation of long-term assets is of great importance in increasing the efficiency of enterprises, strengthening investment attractiveness, and ensuring the reliability of financial statements. In particular, the issue of determining the fair value of assets remains relevant during the transition to International Financial Reporting Standards (IFRS). Incorrect valuation of long-term assets can lead to such negative consequences as unreliability of financial statements, incorrect investment decisions, artificial increase or decrease in the value of the enterprise, and incorrect formation of the tax base. From this point of view, improving the procedure for valuing long-term assets and in-depth study of its theoretical and practical aspects is an important scientific task.