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Kyiv National Economic University named after Vadym Hetman

  1. Faculties»
  2. Faculty of Accounting and Tax Management»
  3. Departments»
  4. Department of Аccounting and Consulting»
  5. Bachelor Degree Courses»
  6. Compulsory Academic Disciplines»
  7. Financial accounting of assets

Financial accounting of assets

Course Annotation

The academic discipline "Financial Accounting of Assets" encompasses the principles, techniques, and methods of accounting for a company's assets to generate accounting information used in managerial decision-making to operate a business entity effectively.
This course focuses on the methodology of accounting for non-current and current assets, as well as the process of their documentation. Mastering this discipline will equip students with the skills to collect, process, and store financial information, enabling them to monitor and reflect on the current state of the enterprise, control its activities, and make necessary adjustments

Course Objective

The objective of this discipline is to develop in students a comprehensive system of knowledge and practical skills in the methodology of accounting for current and non-current assets of an enterprise, as well as the process of their documentation. Additionally, the course aims to prepare students to generate and provide financial information to various users for the development, justification, and decision-making regarding the efficiency of a business entity's operations.

The task of the Discipline

The key objectives of the discipline are:
  • Mastering professional accounting terminology.
  • Understanding the regulatory and legal framework governing the accounting of enterprise assets.
  • Studying the recognition, valuation, and classification of non-current and current assets for accounting purposes.
  • Gaining knowledge of the documentation process for recording the availability and movement of a business entity’s assets.
  • Acquiring skills in the metodology of recordind transactions related to non-current and current assets within the accounting system.

The Subject of the Discipline

The subject of this academic discipline encompasses the methodological principles of accounting for non-current and current assets of an enterprise and the changes occurring in them as a result of business transactions.
The essence of financial accounting is revealed through its objects, including fixed assets, intangible assets, depreciation, financial investments, cash, accounts receivable, and inventories.
The knowledge gained from studying this discipline is a foundation for practical activities in accounting, internal control, auditing, business analysis, and consulting.