Model for charging depreciation of non – financial fixed assets by budget organizations

D. Velikov
2017 Trakia Journal of Sciences  
The aim of this article is to develop an accounting model to improve the collection, analysis, processing and presentation of depreciation information in the public sector by means of accounting methods and to assess the possibility of reporting under International Public Sector Accounting Standards (IPSAS). Depreciation is a process of gradually transferring the value of the tangible and intangible assets in the cost of the finished product. Obsolescence due to technological developments and
more » ... developments and physical wear is associated with elements of the machine, without which it cannot work. Not depreciated land, forests, monuments, fully depreciated assets and those who are in the process of acquisition. Depreciation in the public sector is allowed to Treasury 05 in 2016 to the Minister of Finance and covers all non-financial fixed assets of budget organizations. The methods used are analysis and synthesis and modeling. The results are depreciation accounting model. The conclusion is that the proposed model allows accounting for depreciation of the non-financial fixed assets in the budget sector and that the IPSAS application is not regulated in Bulgaria.
doi:10.15547/tjs.2017.s.01.056 fatcat:bmvc24p6krcwrnfndaaf7pmi3i