Purpose of the development: Accounting for the costs of operation, maintenance and restoration of fixed assets at NGK's enterprises in accordance with the criteria for their recognition, in the book value or in the costs of the period under IFRS.

Recommended application field: The system of accounting for oil and gas companies that compile financial statements under IFRS.

Advantages over analogues: In a unified system of methodological recommendations, the requirements of domestic and international accounting standards for the maintenance of fixed assets are clearly consistent.

The development stage readiness: Ready for application

Description of the development:
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The methodology for recording the costs of operation and maintenance of fixed assets is oriented to NGK enterprises, takes into account the features and structure of their fixed assets (types of facilities, components) and implements the requirements of IFRS in practice.

corresponds technical description
Ready for implementation

Possibility of transfer abroad:
Licence's sale
Combinated reduction to industrial level
Joint production, sale, exploitation

Photo

Country Ukraine

For additional information turn to:
E-mail: gal@uintei.kiev.ua