Depreciation of Non-Current Assets: Harmonization of International Practices and Regulatory in Ukraine

Abstract

Introduction. In the conditions of globalization the application of international accounting standards and reporting on the enterprises business activity is becoming topical in order to take into account the different users’ needs in information for administrative decision-making. The conceptual framework of financial statements of different enterprises have to be comparable, otherwise the information is not relevant for management demands. The application of International Standards of Accounting and Reporting allowsunderstanding the statements of different companies, compare them, to make management decisions.