Valuation of Assets and Liabilities

Valuation of Assets and Liabilities

Valuation is - a calculation expressed in different dimensions the method of transferring objects to monetary measurement.

• Valuation is - a calculation expressed in different dimensions the method of transferring objects to monetary measurement.

The international accounting standards recognize the following methods of valuing business entities:

• Actual purchase price
• Value for reproduction
• Price that can be sold
• Discounted value

Evaluation of materials at the time of receipт

• BHMS No. 4 "Inventories“
• AVECO
• FIFO
• LIFO

Valuation of fixed assets and intangible assets

• Initial value
• Residual value
• Recovery value

Evaluation of finished products

• According to the plan (normative) cost
• At actual cost of production