BUDGETARY ASSET MANAGEMENT: IMPAIRMENT OF FIXED ASSETS AND CAPITAL INVESTMENTS

Abstract

The article discusses: the budgetary management of the company's assets by forming the article "Impairment of non-current assets" of the budget of other income and expenses; the mandatory nature of checking for impairment of non-current assets in accordance with the International Financial Reporting Standard IFRS (IAS) 36 "Impairment of assets"; external and internal sources of information on the presence of signs of impairment of fixed assets and capital investments; the concept of the recoverable value of non-current assets and how to determine it; the procedure for reflecting impairment in accounting; using the example of JSC Russian Railways, the methodology for forming budget parameters for the article "Impairment of non-current assets" and the sub-articles "Impairment of fixed assets", "Impairment of capital investments", the use of the liquidation value of fixed assets as their recoverable value, the conditions for recognizing impairment on fixed assets and capital investments, as well as objects for which individual impairment is not recognized; organization of work on the preparation and testing of non-current assets for impairment.