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September 10, 2025

Accounting, Reservation and Control of Fixed Asset Repair Costs in the Light of FSB 26/2020 "Capital Investments"

OKOlga KiselevaUlyanovsk State University AGA.S. Gavryunin

Key Points

Effective qualification of repair and restoration work significantly impacts accounting practices.
The paper illustrates typical scenarios outlining the treatment of fixed asset repair costs, displaying variations in approach.
Reserve management for repair costs requires consistent internal control measures to oversee asset conditions effectively.
Adherence to FSB 26/2020 principles can enhance accuracy in reporting capital investments and their associated repair costs.

Abstract

The paper presents the problems of proper qualification of repair and restoration works and their reflection in accounting. In this regard, not only the main ways of reflecting the costs of repairing fixed assets are described, but also the author's illustrations of the most typical situations are given, the issues of reserving the costs of repairing fixed assets, as well as monitoring their condition in the internal control system are disclosed.

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Cite This Study

Kiseleva et al. (Sun,) studied this question.

synapsesocial.com/papers/68c1d97154b1d3bfb60fae46 https://doi.org/https://doi.org/10.21667/978-5-7722-0430-6-158-164