Identification and influence of time factors on the choice of the basis of valuation of non-monetary current assets in accounting

Abstract

Introduction. Accounting system is based on the principle of measuring the money, but the purchasing power of money can vary in time and leads to variations of valuation of assets and liabilities in time that could lead to loss of informativeness of indicators of accounting.

Purpose of the study is to define and justify the impact of time factors on the valuation of non-monetary current assets in accounting, and to describe possible ways to improve the methods of valuation of assets in different periods of time.

Method (methodology). Having used the methods of theoretical generalization and grouping in this paper, we have made the classification of the time factors. The systems approach is used to form the methodical approach to the choice of basis of the valuation of non-monetary current assets in different periods of time.

Results. It has been defined the identification of the factors of time. Their influence on the choice of the basis of valuationnon-monetary current assets has been proved. The modified base valuation of current monetary assets with physical positions and movements of assets under management at different times are determined.