METHODS OF IMPLEMENTING THE "USE EFFICIENCY INDEX" IN ASSESSING LONG-TERM ASSETS IN ENTERPRISES
Keywords:
Accounting policies, long-term assets, utilization efficiency index (FSI), economic profit, residual value, valuation, FSI index, efficiencyAbstract
This study developed a methodology for introducing the “Facility Efficiency Index” (FEI) in the valuation of long-term assets. Existing valuation methods do not fully reflect the economic efficiency of assets therefore, the use of the FEI index allows for a more accurate assessment of the economic benefit received directly relative to the residual value of assets on the balance sheet. The study calculated the FSI indicator in several enterprises and showed its importance in increasing production efficiency and increasing the reliability of reports. Based on the FSI index, recommendations were made to improve accounting policies, depreciation policies, and audit procedures.
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