FIXED ASSETS ACCOUNTING BY THE RUSSIAN AND INTERNATIONAL STANDARDS
The fixed assets depreciation sequence used in the international practice coincides with the one that applies the standards used in Russia. Both accounting by the Russian and International standards do not depreciate the fixed assets whose consumer properties remain unchanged with time (land plots, nature management territories). Techniques of depreciation by long term assets are a major factor that affects the information system records of value movement, the illiquid capital renovation process, and the ability of organizations to allocate /invest their own funds.