Methodological Aspects of Depreciation Accounting and Analysis of the Use of the Depreciation Policy

  • Gulnara AMANOVA Financial Academy
  • Saule SAPARBAYEVA L.N. Gumilyov Eurasian National University
  • Bibigul AKIMOVA Financial Academy
  • Aizhan DAIRABAYEVA Kazakh University of Technology and Business
  • Assem KAZHMUКHAMETOVA Kazakh University of Technology and Business
  • Kunsulu SADUAKASSOVA Financial Academy
  • Gulnar TULESHOVA L.N. Gumilyov Eurasian National University

Abstract

The purpose of this paper is to develop an evidence-based approach to the management of the company’s depreciation policy through the refinement of existing techniques and the development of guidelines on the mobilization of depreciation tools to provide the financial source for the reproduction of fixed assets. The problem of the management of depreciation tools, which help to ensure the reproduction of fixed capital, is currently relatively new. This is due to the fact that domestic and foreign economists suggest different approaches to the nature of depreciation as an economic category and its role in the reproduction of capital. However, there are few publications associated with the development of the strategy of the company’s depreciation policy to provide financial resources, investment and innovation activities. Also, there are a number of unexplored or controversial issues that need to be addressed. Therefore, in this research, the authors consider the development of scientific bases for the accumulation of cash depreciation expenses for their subsequent investment in fixed assets through the management of the company’s depreciation policy. This study is based on the general scientific methods of knowledge (observation, comparison, description, classification, generalization and specification), as well as grouping, systematizing and the methods of economic, financial and statistical analysis.

References

[1] Afanasyev, M., and Kuznetsov, P. 1996. Forgotten depreciation. Problems of Economics, 24: 106-118.
[2] Afanasyev, M. P., Belenchuk, A.A., and Krivogov, I.V. 2012. Budget and budgetary system. Moscow: Yurayt.
[3] Askarova, E.R. 2004. On the changes in the accounting policy of the company. Accounting Bulletin, 12: 16-17.
[4] Balatskiy, E., and Zabelyn, O.O. 2005. On the politics of depreciation. Economist, 24: 47-56.
[5] Bartkova, N.N., and Saakova, E.B. 2010. Depreciation expense as an element of the prime cost of production. Bulletin of Irkutsk State Technical University, 3: 116-121.
[6] Belova, S., Volkov, N., and Pozdnyakov, E. 1998. Depreciation policy in transition economy. Economist, 12: 22.
[7] Blank, I.A. 1996. Strategy and tactics of financial management. Kiev: SE ‘ITEM Ltd’ – JV ‘ADEF-Ukraine’.Bu, Y. 2006. Fixed capital stock depreciation in developing countries: Some evidence from firm level data. Journal of Development Studies, 5: 881-901.
[8] Borisenko, Z.N. 1993. Depreciation policy. Kiev: Naukova Dumka.
[9] Concise Dictionary of Modern Concepts and Terms. 4th ed. 2004. Moscow: Respublika.
[10] Kantor, E.L., Makhovikova, G.A., and Kantor, V.E. 2009. Business Economics. Saint Petersburg: Piter.
[11] Kendrick, J. 1978. The Total Capital of the United States and its Formation. Moscow: Progress.
[12] Khmelevskiy, N.N. 1970. Ways and means to improve the depreciation system. Proceedings of the scientific conference ‘Problems of Improving the Depreciation System’. Moscow.
[13] Korkin, S.K. 1990. Circulation of Funds in the Socialist Reproduction. Kazan: Publishing House of Kazan University.
[14] Kostyukova, E., and Kostyukov, K. 2006. Depreciation as a way of return of capital investment. International Journal of Agriculture, 6: 35-37.
[15] Kostyukova, E.I. 2000. Depreciation as a tool for the management of fixed assets agricultural enterprises (Doctoral dissertation). Stavropol: AGRUS.
[16] Kostyukova, E.I., Elchaninova, O.V., and Shilov, N.A. 2009. Accountant should know this: A terminological dictionary-reference book. Stavropol: Agrus.
[17] Krupina, N.N., and Bartkova, N.N. 2011. The methodical approach to the assessment of the reproductive balance of the company’s capital. Everything for the Accountant, 3: 24-31.
[18] Kurdukova, Yu.M. 2006. Modern organizational and methodological approaches to the accounting of depreciation of fixed assets. Abstract of Diss. Cand. Econ. Sciences. Moscow.
[19] Kurenkov, V.Yu., and Palterovich, D.M. 1975. Technological progress and optimal renewal of the production apparatus. Moscow: Mysl’.
[20] Lygina, O.I. 2012. Corporate income tax: methodology, tools and development imperatives (Doctoral dissertation). Almaty, International Business University.
[21] Mabiyev, B.N. 2005. Problems of self-financing and investment bank lending. Kazakhstan spectrum, 2: 65-70.
[22] Matterne, K., and Tannhauser, S. 1983. Fixed assets in the GDR industry. Trans. from German. Moscow: Economics.
[23] Mayevskiy, B. 2010. Reproduction of fixed capital and economic theory. Problems of Economics, 3: 65-85.
[24] Nazarova, V.L. 2003. Accounting of business entities. Almaty: Economics.
[25] Needles, B. E., Anderson, H. R., and Caldwell, J. C. 1990. Principles of accounting. Boston: Houghton Mifflin.
[26] Ryl'kov, P.G. 1977. The effectiveness of engineering renovation (theory and practice). Moscow: Economics.
[27] Schultz, Th. 1960. Capital formation by education. Journal of Political Economy, 6: 571-583.
[28] Senchagov, V.K. 2005. The economic security of Russia. Moscow: Delo.
[29] Senchagov, V.K., and Melyayev, V.A. 1970. The formation, distribution and use of the depreciation fund in the industry. Proceedings of the scientific conference ‘Problems of Improving the Depreciation System’. Moscow.
[30] Solodov, A. 2007. Estimate depreciation not according to Marx. Economy and Life, 2: 4.
[31] Talmyna, P.V. 1990. Financial instruments of capital productivity increase. Moscow: Finance and Statistics.
[32] The Great Russian Encyclopedia. 2005. Moscow: The Great Russian Encyclopedia.
[33] Veretennikova, I.I. 2004. Depreciation and depreciation policy. Moscow: Finance and Statistics.
[34] Wagenhofer, A. 2003. Accrual-based compensation, depreciation and investment decisions. European Accounting Review, 2: 287-309.
[35] Walter, S., and Willett, T.D. 2012. Delaying the inevitable: A political economy approach to currency defenses and depreciation. Review of International Political Economy, 1: 114-139.
Published
2016-08-20
How to Cite
AMANOVA, Gulnara et al. Methodological Aspects of Depreciation Accounting and Analysis of the Use of the Depreciation Policy. Journal of Advanced Research in Law and Economics, [S.l.], v. 7, n. 3, p. 483-493, aug. 2016. ISSN 2068-696X. Available at: <https://journals.aserspublishing.eu/jarle/article/view/179>. Date accessed: 11 oct. 2024.
Section
Journal of Advanced Research in Law and Economics