Aspects of determination and classification of current assets of the enterprise according to national and international accounting standards

Abstract

During the period of operation, the national accounting system in Ukraine is in the process of reformand continuous improvement. Modern conditions of Ukraine's integration into the European space necessitate the adaptation of the regulatory framework to the legislation of the European Union, and accounting inparticular. For the operation of any enterprise assets are required, both non-current and current. The articleexamines the definition of the category of "current assets" and their classification according to national andinternational accounting standards, for the organization of their accounting and effective management. According to the results of the study of the essence of the category "current assets" it was found that their interpretation according to national standards corresponds to international ones, and according to the scientificapproach - allowed to identify several approaches (directions) to explain their essence. The study of approaches to the classification of current assets revealed their main classification features. But, according tothe authors, it is also necessary to use the classification for modern management, organization of more efficient and effective accounting, analysis, audit and management in the enterprise, risk management, liquidity,inflation protection, turnover and profitability. The classification of current assets according to internationaland national accounting standards by type of current assets has been systematized and their comparison bycomposition of elements has been carried out.