Research of methods of assessment and fixed asset accounting

To meet the requirements of the international financial reporting standards (IFRS) modern development of accounting practices in Russia favour those companies that prefer monitoring, analysis and evaluation of their fixed assets. The article examines the methods of accounting and valuation of fixed assets according to the Russian and international accounting standards, as well as the impact of these techniques on products costs. To improve the methodology for assessing fixed assets some proposals were given. The purpose of this article is to study the existing order of accounting and valuation of fixed assets as well as other mechanisms to improve the existing order.