Oshmarin Y. Accounting provision for depreciation policy of agricultural enterprises

Thesis is dedicated to the grounding of theoretical and practical statements on improving the depreciation policy and order of accounting reflection depreciation charges at the agricultural enterprises. The economic essence of depreciation policy taking into consideration national and world economy has been disclosed. Thus, the aim, objectives, rights and duties of the state and business entities in carrying out depreciation policies (unlike the exiting norms and rules, the emphasis (orientation) is made on the necessity of much more rigid state regulation) have been specified. The principle of compiling the form № 5 "The Footnotes to the Annual Financial Statements" has been specified for providing the reporting transparency, the orientation on the distribution of non-current assets subjected or not subjected to depreciation has been made as well as the conceptual basis through the introduction of the concept "assets subjected to depreciation" has been improved. In the historical retrospective the order of accounting for depreciation charges has been analyzed as well as the ways towards its simplification under present-day conditions have been outlined. The inexpediency of implementation of residual value declining method and accelerated depreciation methods as such that fail to provide the accuracy of accounting information reflection has been grounded. It has been proved that the presence of the depreciation fund along with real money provision under present-day business conditions is the objective necessity and its accounting should be carried out only on the active balance accounts. The suggestions on improving the existing accounting software with practical working pattern of the module in Microsoft Access have been made.