Financial investments in the accounting system

Abstract

Actual aspects of solving the scientific problem of improving the assessment and accounting of financial investments according to national and international standards are considered. The concept of defining financial investments is clarified, and the need to divide them by the term of maintenance (current, long-term), from the point of view of ownership (corporate, debt), and for tax purposes is justified. The versatility and lack of an accurate definition of the concept of financial investments are associated with a fairly wide range of their application in economic activities. The purpose of the research is to theoretically substantiate a set of issues of accounting for financial investments according to national and international standards and develop proposals for improving accounting for financial investments. It is indicated that theoretical, methodological and organizational support for accounting for financial investments should be attributed to urgent tasks in the accounting and reporting system. It is emphasized that financial investments characterize the operations performed that provide the opportunity to obtain rights, Securities and a number of other financial instruments in order to obtain profit and other benefits. It is noted that the allocation of financial investments is an important process, since from the moment they are recognized as an asset, they become an object of accounting. It was found out that investment objects differ in the direction and participation of the state, the nature and content of the investment cycle, the scale and direction of the project, and the efficiency of using the invested funds. Conceptual approaches to determining methods for evaluating financial investments in accounting are substantiated. Proposals and practical recommendations have been developed that can be further used in the practical activities of business entities.