The Thesis is meant to be the comprehensive study of theory, methodology and practices of the accounting and analysis of transactions with the investment properties held by trading enterprises. Increase in investment potential of the real estate properties, need for updating of the national investment property accounting system for the purposes of the Strategy for Sustainable Development “Ukraine-2020”, “Sustainable Development Goals 2016 to 2030” and the EU Directives, as well as deficiency in scientific developments on issues with regard to accounting and analysis of transactions with the investment properties held by trading enterprises have stipulated the urgency of the research. The concept of the investment property as the economic category was defined herein with due consideration of different views of both domestic and foreign authors. Substantial signs of the investment properties, as well as their identification and recognition criteria were extended and ranged accordingly, thus making it possible to update definition and supplement the category framework with the term Tangible investment asset. Such criteria as Tenant or leaseholder type, Property versatility level and Market evolution and transaction rate have been introduced into the classification. Effects that the investment properties held by trading enterprises have on the social and economic performance indicators were determined herein. Following the analysis of the statutory regulation of the trading enterprise investment property transactions and their reporting in the accounts and financial statements, the main differences with the IFRS and US GAAP were determined in the context of the global convergence of the financial reporting systems. Methodological approaches to the fair value measurement of the investment properties held by trading enterprises were brought up to date, as well as measurement model based upon comparative approach and worked out the system of the correction factors was developed hereby. Methods for calculation of losses (gains) from impairment (recovery) of the trading enterprise investment property utility were improved for the purpose of initial property measurement in consideration of specific features of the investment property as the economic unit. Theoretical, organizational and methodological guidelines were worked out for accounting for investment property in terms of the right to use. Methodological guidelines were worked out for improving analyticity of reported investment property and tangible investment assets transactions. Source document forms were designed and proposals were worked out for the purpose of updating the financial statement templates (in particular, management report and profit & loss statement templates, notes to financial statements) for improving transparency thereof. Methodological approaches to estimation of current cost were improved for the purpose of measurement of a potential of investments into the real estate properties held by trading enterprises. Main risks typical of the investment properties held by trading enterprises were determined and taken into account for the calculation of the discount rate. Main criteria were determined for assessment of the trading enterprise investment property transactions efficiency in consideration of the following strategic orientations: finance, marketing and development. Modern methods and systems of the investment property transactions efficiency assessment measures were studied hereby. The organizational and information model was proposed for analyzing of the trading enterprise investment property transactions efficiency, whereunder the object, goal, task, accounting and analytical basis, set of analytical procedures and system of measures were determined. For the purpose of estimation of the competitive advantages of investment property held by trading enterprises a specific formula was proposed for calculation of the relevant factor in consideration of the subjective parameters of the property from the standpoint of both tenant (leaseholder) and consumer. Factors were determined that affect the investment property cost, which is based upon the qualimetric system of the property quality assessment: market trends, physical parameters, location, accessibility, legal rights and commercial terms, availability of additional services and conditions. System of measures was worked out for analysis of the investment property transactions efficiency, which makes it possible to estimate the rental rates and leasable area efficiency, operating and management costs, as well as potential of use: rate of return, capital investment appraisal, profitability, profit-to-investment ratio, lease holding efficiency factor, additional service efficiency factor, ratio of variation in investment property cost and integral efficiency factor.
