Zharikova O. Accounting and control of non-current assets of ship repair facilities

The thesis covers the development of theoretical statements and recommendations for improvement of accounting and control of non-current assets associated with provision of ship repair services. Based on investigated industry practices accepted at the ship repair facility the necessity to define the new object of accounting "fixed assets with an open-ended useful life" was demonstrated. The ways for harmonization of the effective legislation were outlined in terms of accounting for fixed and intangible assets, specifically, in accordance with IFRS (IAS). The accounting forms were designed. The necessity to introduce the new accounts for analytic accounting of fixed assets of the ship repair facilities was proved and the accounting approach for specific business activities with these assets was suggested. The model of methods for the state financial control of non-current assets of ship repair facilities was created. The tasks and objectives were revised, the methods for external (independent) audit of hydrotechnical ship-lifting objects were formulated, and the auditor's proforma working papers were developed. The risk based model for the internal audit of non-current assets of ship repair facilities was suggested along with the relevant supporting documentation.