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Journal articles on the topic 'Amortization fund'
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1
Huang, Li-Fei. "Using App Inventor to provide the amortization schedule and the sinking fund schedule." International Journal of Financial Engineering 05, no. 04 (2018): 1850030. http://dx.doi.org/10.1142/s2424786318500305.
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The present value of interest in the amortization schedule or the sinking fund schedule is derived in the theorem. Even though that people prefer the level payments with smaller total amount of interest, the sum of the present value of interest and the present value of principal remains unchanged in all payment methods. The sum is just the loan amount. Rather than the traditional spreadsheet, the free MIT App Inventor is applied to create the amortization schedule and the sinking fund schedule in the mobile computing environment.
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Shabanova, Mariya Romanovna, and Roman Ivanovich Shumyatskii. "Investment tax deduction as an alternative to amortization." Финансы и управление, no. 1 (January 2020): 103–13. http://dx.doi.org/10.25136/2409-7802.2020.1.29570.
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The object of this research is the investment tax deduction, which gives organizations the ability to reduce the calculated income tax contributing to reduction of income tax burden, freeing up finances, and allowing for faster replenishment of the capital asset fund of the organization. The subject of this research is the ability to use this deduction as an alternative to amortization. The author examines the economic impact of an organization in application of investment tax deduction and amortization withholdings based on various forms of property and international accounting standards. This article presents the results of comparative analysis of amortization withholdings and investment tax deduction. The author calculates the economic impact of application of investment deduction, methods of amortization, as well as application of amortization bonus, and studies international experience. Despite the difficulty of the question in hand from the practical perspective, in light of absence of statistical data and clarification from the Ministry of Finance of the Russian Federation, as well as case law on the application of this legislative norm, the author determines the key advantages and disadvantages of using investment deduction. The description is given to the risks of applying investment tax deduction; recommendations are formulated for using the investment tax deduction.
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Субаева, Асия, Asiya Subaeva, Марат Низамутдинов, Marat Nizamutdinov, Наталья Александрова, and Natal'ya Aleksandrova. "AMORTIZATION DESIGNATIONS AS A SOURCE FOR REPRODUCTION OF THE TECHNICAL BASE OF AGRICULTURE." Vestnik of Kazan State Agrarian University 14, no. 1 (2019): 152–56. http://dx.doi.org/10.12737/article_5ccedf79a19fa6.25081121.
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The role of depreciation in an enterprise can be represented as a source of reproduction of fixed capital and a share of the cost of production. The study of sources of financing for the processes of renewal and modernization of agriculture is considered on the example of the Republic of Tatarstan. In the agricultural sphere, the problem of the targeted use of depreciation funds is aggravated by the difficult financial situation of many agricultural producers, which reduces the amount of funds allocated for the reproduction of fixed capital. The market of agricultural machinery requires serious financial investments and improvement of the mechanism of technical support of the agroindustrial complex. One of the ways to improve this issue is the revision of depreciation methods. In Russia, for a long time, only a uniform depreciation method was used based on the useful life, when the values of fixed assets are repaid evenly over their entire service life, we propose the use of accelerated depreciation.
 In this regard, the purpose of the publication is to study the changes in the share of depreciation used on investments in the total amount of accrued depreciation and to propose measures to improve the reproduction of fixed capital. The analysis showed that in the Republic of Tatarstan over the past 5 years, only about 30% of the accrued depreciation deductions are sent by farmers to invest in fixed capital. According to the results of the analysis, the idea of increasing the role of depreciation deductions as a source of renewal and modernization of agricultural equipment through the system of state support and the accumulation of depreciation deductions in the form of money on deposit or special accounts in banks was considered. A scheme for the functioning of the regional depreciation fund and its controls are proposed. The introduction of a mechanism to increase the role of depreciation as a source of financing will ensure the growth and modernization of agricultural technical support through a system of targeted use of depreciation funds.
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Ульянова, Н. В., Е. Ю. Гаранина, and Д. В. Лысенко. "Theoretical approaches to accounting for non-current assets: Soviet experience in accounting for amortization fund." Audit and Financial Analysis, no. 1 (March 30, 2021): 12–18. http://dx.doi.org/10.38097/afa.2021.70.76.002.
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В публикации поднимается проблема финансирования инвестиционной деятельности. В этой связи рассматриваются учетные особенности амортизации как источника самофинансирования и проводится ретроспективный анализ амортизационной политики и методов учета формирования и расходования средств амортизационного фонда, применяемых в СССР. Оценка советского опыта с точки зрения современной трактовки баланса позволяет сделать вывод о необходимости признания в отчетности денежных потоков в виде амортизационных отчислений. The publication looks into financing problems of investment activities. In this regard, the accounting features of depreciation as a source of self-financing are considered and a retrospective analysis of the depreciation policy and accounting methods for the formation and spending of the depreciation fund used in the USSR is carried out. Evaluation of the Soviet experience from the point of view of the modern interpretation of the balance sheet allows us to conclude that it is necessary to recognize cash flows in the reporting in the form of depreciation deductions.
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Svynous, Nadiia. "Depreciation as a source of investment resources of an agricultural enterprise." INNOVATIVE ECONOMY, no. 7-8 (November 2019): 78–84. http://dx.doi.org/10.37332/2309-1533.2019.7-8.11.
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Purpose. The aim of the article is generalization of scientists' approaches to the recognition of depreciation as a source of investment resources of agricultural enterprises and development of practical recommendations on the use of depreciation as a component of their own financial resources in order to recreate the material and technical base of farms in the corporate sector of the agrarian economy. Methodology of research. The following general scientific methods are applied in the course of the study: analysis and synthesis of generalized opinions of scientists on the treatment of categories of “depreciation” and “amortization”, concretization and abstraction – in the development of measures to create a unit depreciation and investment fund, systematic and complex approaches to obtaining evidence the roles and locations of depreciation, as sources of investment resources of agricultural enterprises, as well as abstract and logical methods of research – in determining the economic feasibility of indexing fixed assets. Findings. It has been proved that the formation of depreciation charges by agricultural enterprises is an important instrument for stimulating investment activity. It is proposed to exempt from the income tax part of the taxable profit that participates in the formation of the investment financing fund, in the form of indexation of accumulated depreciation, taking into account the level of inflation. It is established that depreciation can be considered in the market economy as a source of financing of capital investments on the basis of its financial component – real funds in the proceeds from the sale of goods (products, works, services), which should be accumulated for the purposeful use. Originality. The feasibility of introducing a production method of depreciation for 4-5 groups of fixed assets in crop production in the formation of costs to determine profit before tax. In order to increase the role of depreciation as a source of updating and modernization of agricultural capital, it is advisable to: develop a new tax strategy, in particular, preferential taxation, introduce an additional tax burden when using depreciation not for the intended purpose; to pursue an active policy of accelerated depreciation and to introduce methods of state control over the targeted use of depreciation; to use the instruments of state support of accumulation of depreciation in the form of real money in deposit or special accounts with banks; to create regional unitary amortization and investment funds with state participation. Practical value. The proposed method of formation of the fund will allow enterprises to store depreciation resources that are directed to reproduction of fixed capital in their indexed value terms that is, taking into account inflation, which will facilitate the conduct of extended reproduction of production by modernization of the technical base. Obviously, such an approach to the formation of a depreciation accumulation fund is possible only with the break-even operation of agricultural enterprises. In the case of an unprofitable operation of the enterprise, depreciation deductions are directed to cover the losses and have no purpose. This means that depreciation for the recovery of property, plant and equipment is absent, which leads to the conclusion about the crisis. Key words: depreciation; investment; agricultural enterprise; reproduction; fixed assets.
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LAZEBNYK, Larysa. "RENEWAL OF FIXED ASSETS IN UKRAINE: PROBLEMS OF THEIR DEPRECIATION AND USE." Economy of Ukraine 2018, no. 8 (2018): 62–74. http://dx.doi.org/10.15407/economyukr.2018.08.062.
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The generalization of statistics for our state and its comparison with similar indicators of other countries gave grounds for the conclusion about underinvestment of Ukrainian economy. Strengthening investment activity depends on such a tool of the state economic policy as depreciation charges, which through imperative mechanisms of renovation is capable of providing renewal of fixed assets. The research is based on a structural and morphological analysis of analytical and statistical information on depreciation of fixed assets. Two fundamentally different theoretical concepts of the fixed assets depreciation are considered: economic and financial ones. It is indicated that in Ukraine in the accounting and tax normative documents the legal concept of economic depreciation is fixed, which is not based on the needs of reproduction. It is proved that in scientific literature the issues of amortization appointment are considered mainly from the point of focus on the revitalization of investment processes, that is, from the standpoint of the financial concept of depreciation. Historical reason for such a contradiction is revealed: formation of depreciation fund and a special account in a bank during the years of the USSR in the accounting. This gave grounds for considering the resources of the depreciation fund and, accordingly, depreciation deductions as funds that could be used for the technical re-equipment of enterprises. The thesis is based that the restoration of a depreciation fund, similar to the Soviet one, means the withdrawal of a part of the monetary resources from enterprises’ cash and short money instruments. This cannot positively affect the economy of enterprises in a corrupt country. The possibility of introducing a financial concept of depreciation to maximize the use of the depreciation resource for the needs of renewal of fixed assets is considered. A conclusion is made about the need for prior normative-legal support. It is suggested to: (i) find an opportunity to reflect information on unused amounts of depreciation charges in accounting records; (ii) increase the income tax base by including the depreciation amounts that were not used as investments.
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Vitaliy, I. Zakharchenko, and V. Manicheva Anastasiia. "Threats Diagnosis of Sustainable Development of the Ukrainian Black Sea Coastal Area Territory." Economics: time realities 2, no. 48 (2020): 37–43. https://doi.org/10.5281/zenodo.3976862.
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On the basis of the conducted diagnostics of ecological and economic condition of the Black Sea costal area regions the power of the economic situation, necessary parameters of its estimation that allows to start the regional strategy formation of sustainable development from scientifically substantiated positions is defined. Thus, to assess the quality of surface water, the water pollution index is introduced and its gradation is given. Methodologically, the authors continue to use the concept of environmental debt as an accumulated waste in the result of production activities and environmental changes. Using this concept for the interpretation of crediting the economic development at the expense of the corresponding amortization fund is given. The regional economy transition to the sustainable development model means ensuring the sustainability of economic growth while maintaining a steady-state condition of the environment, as well as its preservation within standards and their restoration in the loss of local natural complexes ability to self-clean.
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Pinedo, Maria Elvira Méndez. "Iceland's New Plan for Debt Relief: Jubilee or Waiting for Godot?" European Journal of Risk Regulation 5, no. 4 (2014): 517–30. http://dx.doi.org/10.1017/s1867299x00004104.
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Despite Iceland's economic recovery, nearly 48% households continue to struggle to make ends meet. This study argues, first, that the main reason behind over-indebtedness in this country is a loan system without parallel in Europe, based on a triple cost of credit (fix/variable interest, indexation of credit to inflation and negative amortization). Second, the problem is examined in the context of European law as some alleged malpractices of indexation have been referred to the EFTA Court. Third, the focus shifts to the debt-relief programme presented by the Icelandic government in 2013/2014 after the relative failure of previous debt-relief measures. It is argued that this plan will fail in the long run as long as the indexation of credit to inflation is not abolished. The private pension system in Iceland relies indirectly on indexed mortgage credit issued by the public Housing Financing Fund. Since a ban on indexation and a holistic pension reform are not expected soon, all present debt write off benefits will surely be eaten up by higher inflation. As long as indexation of credit is legal, the future scenario resembles less a debt-relief jubilee and more the theater play “Waiting for Godot ”.
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DRUZHILOVSKAYA, Tat'yana Yu. "Intangible asset accounting outlook: Valuation and reporting." International Accounting 25, no. 11 (2022): 1283–306. http://dx.doi.org/10.24891/ia.25.11.1283.
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Subject. This article discusses the issues related to the regulation of the valuation of intangible assets and reflection of information about them in reporting. Objectives. The article aims to identify the prospects for solving the problematic aspects of the intangible assets valuation and reflection in reporting. Methods. For the study, I used a critical analysis, synthesis, comparison, observation, and the analogy approach. Results. The article identifies problematic aspects of intangible assets valuation and information disclosure in reporting. It presents the results of a study of new approaches to the intangible assets valuation and reporting information reflection in FSBU 14/2022 – Intangible Assets Standard, and in the FSBU Projects – Intangible Assets, developed by the Ministry of Finance of the Russian Federation and the National Non-Governmental Accounting Regulator "Accounting Methodological Center" (NRBU BMTs Fund). Conclusions and Relevance. FSBU 14/2022 – Intangible Assets Standard and the Ministry of Finance of the Russian Federation and the NRBU BMTs Fund's Projects contain regulations on the initial and subsequent measurements of intangible assets, their useful life, amortization methods, reflection of information in reporting, which differ from the rules of PBU 14/2007 – Accounting for Intangible Assets. Each of the Projects under consideration has both advantages and disadvantages with regard to the intangible assets valuation and reflection in reporting. The FSBU 14/2022 regulations are similar to those ones presented in the FSBU Project, developed by the Ministry of Finance of Russia. The adoption of FSBU 14/2022 is a step forward with regard to the regulation of intangible assets valuation and reporting compared to PBU 14/2007. The results obtained have both practical and theoretical areas of application in the field of financial accounting.
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Mayis Hacızadə, Turqut. "Theoretical and practical basis of accounting in livestock farms." SCIENTIFIC WORK 79, no. 6 (2022): 117–21. http://dx.doi.org/10.36719/2663-4619/79/117-121.
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Heyvandarlıq təsərrüfatlarında mühasibat uçotu və auditin təşkili üçün ölkəmizdə mühüm addımlar atılır. Bu təsərrüfat sahəsində muhasibat uçotunun və auditin təşkilinin metodikasının və praktiki qaydalarının öyrənilməsi kənd təsərrüfatı və aqrar sahədə mühüm əhəmiyyət kəsb edir. Müasir dövrdə heyvandarlıq təsərrüfatlarında resursların idarə edilməsi və şəffaflığın təmin olunmasında mühasibat uçotu və auditin rolu danılmazdır. Lazımı informasiya mənbələrinin araşdırılması və təhrif edilmiş mənbələrin aradan qaldırılması, həmçinin təsərrüfatda olan statistik rəqəmlər üzrə uçotun aparılması bu fəaliyyətin tənzimlənməsində lazımi faktorlardır. Heyvandarlıq təsərrüfatlarında uçot sənədlərinin hazırlanması, sənəd dövriyyəsinin təşkili və idarə edilməsi yaxşı mənimsənilmiş mühasibat uçotu prosesi əsasında mümkündür. Bunun üçündə ölkə regionları ərazilərində aparılan təsərrüfat təcrübələrinə nəzər salmaq lazımdır. Digər ölkə təcrübələrində hesab uçotu sənədlərinə nəzər yetirərək, ölkəmizdə tətbiq etmək daha effektiv olardı. Məhz mövzumuzun aktuallıq prinsipidə sırf heyvandarlıq təsərrüfatlarında mühasibat uçotunun və auditin təşkilidir. Heyvandarlıqda əmək vəsaiti sərfi birinci növbədə amortizasiyanın hesablanması və təmir fonduna ayırmalar üzrə sənədlərdə qeyd olunur. Sənəd formaları bitkiçilikdə əsas vəsaitlər üzrə amortizasiya hesablandıqda və təmir fonduna ayırmalar aparıldıqda istifadə olunur. Açar sözlər: heyvandarlıq, təsərrüfat, mühasibat uçotu, amortizasiya, əmək Turgut Mayis Hajizade Theoretical and practical basis of accounting in livestock farms Abstract Important steps are being taken in our country to organize the accounting and auditing of livestock farms. It is important to study the methodology and practical rules of accounting and auditing in this area of agriculture. In modern times, the role of accounting and auditing in the management of resources and ensuring transparency in livestock farms is undeniable. Investigation of necessary sources of information and elimination of distorted sources, as well as keeping records of farm statistics are necessary factors in regulating this activity. Preparation of accounting documents in livestock farms, organization and management of document flow is possible on the basis of a well-mastered accounting process. In all three, it is necessary to look at the economic practices conducted in the regions of the country. In the experience of other countries, it would be more effective to apply in our country, looking at the accounting documents. The principle of the relevance of our topic is the organization of accounting and auditing in livestock farms. Labor consumption in livestock is primarily recorded in the documents on the calculation of depreciation and allocations to the repair fund. Document forms are used in plant growing when calculating the depreciation of fixed assets and making allocations to the repair fund. Key words:livestock, economy, accounting, amortization, work
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Krause, J., M. Cornelius, P. Goldsmith, M. Mzungu, C. Kambani-Banda, and C. Tamimie. "Soy dairy performance metrics." African Journal of Food, Agriculture, Nutrition and Development 21, no. 105 (2021): 19016–39. http://dx.doi.org/10.18697/ajfand.105.21245.
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Soybean (Glycine max (L. Merr.) has been a crop of interest to address both poverty and malnutrition in the developing world because of its high levels of both protein and oil, and its adaptability to grow in tropical environments. Development practitioners and policymakers have long sought value added opportunities for local crops to move communities out of poverty by introducing processing or manufacturing technologies. Soy dairy production technologies sit within this development conceptual model. To the researchers’ knowledge, no research to date measures soy dairy performance, though donors and NGOs have launched hundreds of enterprises over the last 18 years. The lack of firm-level data on operations limits the ability of donors and practitioners to fund and site sustainable dairy businesses. Therefore, the research team developed and implemented a recordkeeping system and training program first, as a 14-month beta test with a network of five dairies in Ghana and Mozambique in 2016-2017. Learning from the initial research then supported a formal research rollout over 18 months with a network of six different dairies in Malawi and key collaboration from USAID’s Agricultural Diversification activity. None of the beta or rollout dairies kept records prior to the intervention. The formal rollout resulted in a unique primary dataset to address the soy dairy performance knowledge gap. The results of analysis show that the dairies, on average, achieve positive operating margins of 61%, yet cannot cover the fixed costs associated with depreciation, amortization of equipment and infrastructure, working capital, marketing and promotion, and regulatory compliance. The enterprises in our sample operate only at 9% of capacity, which limits their ability to cover the normal fixed costs associated with the business. The challenge is not the technology itself, as when operated, it produces a high-quality dairy product. The challenges involve a business that requires too much capital for normal operations relative to a nascent and small addressable market.
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Kalyashov, V. A., I. S. Dolzhikov, V. Ya Shapiro, V. M. Dyachenko, I. V. Grigoriev, and M. S. Novikov. "Assessment of stability and operability of skidder on slopes of thawing soil mass during its interaction with a wheeled forest machine." Bezopasnost i okhrana truda v lesozagotovitelnom i derevoobrabatyvayuschem proizvodstvakh (Occupational Health and Safety in Logging and Woodworking Industries), no. 3 (June 13, 2024): 4–21. http://dx.doi.org/10.33920/pro-5-2403-01.
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In the Russian Federation, a significant part of the forest fund is located on permafrost. Permafrost forests play a global ecological role by de-populating large amounts of carbon. However, when a forest reaches the age of obsolescence, this carbon is released into the atmosphere when the plantation decays. Therefore, from the ecological point of view, permafrost forests should be cut down when they reach the age of ripeness, in compliance with the requirements for their restoration. Many of the above-mentioned regions have large reserves of mature and overmature production forests, and a significant part of these reserves are located in hard-to-reach places, not only in relation to the development of the road network, but also by terrain relief. Currently, the vast majority of timber harvesting in Russia is done with modern machinery complexes, mainly including wheeled forest machines of different layout and purpose (harvesters, forwarders, skidders, etc.). With the help of special technical solutions, such as winches integrated into the transmission, or self-propelled winches (T-winch, ROB, Winch Assist), these machines can be successfully operated even on fairly steep slopes. The problem of negative effect of wheeled forest machines and skidding systems based on them not only stays actual, but also becomes even more urgent, as the ecosystems of mountain forests, forests on the slopes of hills, etc. are the most vulnerable and exposed to water and wind erosion. This article presents a mathematical model for reliable forecasting of rut depth and stability of a hairpin section during dynamic interaction of a forest machine with the soil on slopes, taking into account geometric parameters of the slope, the laws of the oscillating process of a forest machine with given values of speed and amortization characteristics of wheel-pair elements, the profile of the hairpin section and physical and mechanical properties of the soil in its boundaries, the weight of forest machines and the pressure in tires of wheel-pairs.
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PANSKOV, V. G. "NEW DEPRECIATION POLICY AS A TOOL OF TAX REGULATION." EKONOMIKA I UPRAVLENIE: PROBLEMY, RESHENIYA 4, no. 4 (2021): 35–41. http://dx.doi.org/10.36871/ek.up.p.r.2021.04.04.007.
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Based on the analysis of the problems of the Russian economy, it is shown that the existing instruments of tax regulation are ineffective and incapable of ensuring the attraction of funds for innovative development. The necessity of more active use of the depreciation instrument is shown. The necessity of amortization reform implementation is substantiated. The main directions and financial sources of its implementation are stated.
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Safonova, N., and O. Blazhevich. "Essence of assets and their circulation in the enterprise." Bulletin of Science and Practice, no. 4 (April 15, 2017): 213–27. https://doi.org/10.5281/zenodo.546295.
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The article examines the essence of the company’s assets, concretized the concept of non-current and current assets. The scheme of the circuit the company's assets, given the comparative characteristic of non-current and current assets.
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Kafka, Sofiia. "THE CONTENT AND PURPOSE OF NON-CURRENT ASSETS DEPRECIATION." Economic Analysis, no. 27(1) (2017): 270–79. http://dx.doi.org/10.35774/econa2017.01.270.
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Introduction. The presence of controversial issues and discussions on accounting of non-current assets amortization and depreciationsuggest the relevance of topic of the research. Among these problems we can determine the definition of the economic essence of depreciation in the current economic conditions, the issue of harmonization of tax and accounting amortization and depreciation, the choice of the optimal useful life of fixed assets and setting residual value, if amortization can be considered as a financial source of processes in renovation of non-current assets etc. Purpose. The article aims to investigate the basic approaches of scientists to the interpretation of economic essence of depreciation, to develop the recommendations for clarifying its nature at the present stage of economic development, to examine the actual state of depreciation accounting of non-current assets, which are received free of charge, and solve its feasibility. Method (methodology). A historical method has been applied to investigate and ascertain the economic essence, formation and evolution of amortization category within accounting. Theoretical methods of cognition (abstraction and generalization, analysis and synthesis, induction and deduction and other methods producing the conceptual knowledge) have been used for the synthesis of theoretical and methodological principles in accounting of non-current assets depreciation. For analytical research the methods of tabular presentation and comparison of information have been applied. The works of domestic and foreign scientists and economists on problems of calculation and display of non-current assets depreciation in accounting, regulatory and legislative acts of Ukraine controlling the scope of accounting and financial reporting of enterprises are the methodological basis of the study. Results. In the article the author's definition of the term "depreciation" has been proved. The disagreement with the interpretation of depreciation as a way to accumulate funds for the reproduction of non-current assets has been advanced. The problem of depreciation of non-current assets obtained by the enterprise free of charge has been considered.
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Skorba, O. "METHODS OF ACCOUNTING FOR THE PROCESSES OF REPRODUCTION OF FIXED ASSETS OF THE ENTERPRISE AS A SOURCE OF INTERNAL INVESTMENT FOR THE ENTERPRISE." Vìsnik Sumsʹkogo deržavnogo unìversitetu 2021, no. 4 (2021): 25–28. http://dx.doi.org/10.21272/1817-9215.2021.4-3.
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The article is devoted to the research of current state of amortization policy in Ukraine. The article examines depreciation reforms carried out starting from 1997 up to the present time and makes the conclusion that they only brought the national depreciation policy closer to the countries with the market economy, but the real accumulation of funds for fixed assets was not achieved. Consequently, depreciation allowances are not only unable to stimulate the development of the economic entity, and are not able to even provide simple maintenance of basic (even manufacturing) facilities, which leads to their depreciation, and money for renovation or repair is not. In the work is stated that the use of a particular method of accrual of depreciation of fixed assets is appropriate to choose depending on the corrosiveness of the management functions, the objectivity, etc. The result will be to achieve the maximum effect from the application of the appropriate method of accrual of depreciation. The end result will be willingness of the subjects of management to the production of products (services). Examining current amortization policy, which was formed at the present stage of economic development in our state, continues to be ineffective. In our view, the current amortization policy does not fulfill its main function - motivation to the real accumulation of funds for renewal of worn and morally and technically outdated main assets of the enterprise. Today no company is not able during the regulatory period of service of fixed assets to offset their costs for their renewal, but for the need for renewal. We believe that the feasibility of choosing a method of accrual of depreciation must be carried out taking into account the correlation for the management functions, the objectivity and feasibility of use by a particular entity of management. Our proposed mechanism for selecting the optimal depreciation policy by the management of the enterprise, based on the real accumulation of "real" money can be a source of internal investment for renewal and renovation of basic assets of the state. The obtained results of the research is relevant in an environment where the deterioration of the basic equipment of enterprises is sometimes up to 90%, and the necessary funds for renovation and repair of the basic equipment of the enterprise.
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Popescu, Felix-Angel. "THE IMPACT OF STRUCTURAL AND COHESION FUNDS ON THE ECONOMY OF BIHOR COUNTY DURING 2007-2013 PROGRAMMING PERIOD." Oradea Journal of Business and Economics 3, Special (2018): 74–83. http://dx.doi.org/10.47535/1991ojbe046.
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The author uses TIATOOL model simulations, in order to reveal the potential impact generated by the Romanian Operational Programs 2007-2013 funded projects in Bihor county, on a set of 34 socio-economic indicators, for which individual intensities and weights were estimated by the author, based on the actual numbers of projects, their scope and the amounts of money absorbed by project beneficiaries. The readers should not expect a high impact of Structural and Cohesion funds on the economy of Bihor county, on short term, because these funds, like the rest of community funds, have a very pronounced redistributive role, which means that the dimension of the necessary expenditures for the implementation of projects counterbalances its revenues dimension, the amortization of such investments being made on long term. The novelty of such research is the fact that the Community authorities (in this case the European Commission) investigate the impact of Community funds only at policy level (cohesion, regional development and employment, territorial cooperation) and only in a comparative spectrum between national and regional figures, and the Romanian authorities (the Ministry of European Funds, the Operational Programs Managing Authorities) carry out impact assessments only at national and regional level.
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Sivaprasad, Sheeja, and Roshni Dadhaniya. "An empirical analysis of the performance of sponsored vs non-sponsored IPOs." Journal of Accounting in Emerging Economies 10, no. 1 (2019): 100–116. http://dx.doi.org/10.1108/jaee-05-2019-0100.
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Purpose India is one of the largest IPO markets in the world. However, IPO research in the developing world is limited. The purpose of this paper is to test the performance of Indian IPOs based on sponsored vs non-sponsored issues. The authors classify the IPO sample into venture capital (VC) and private equity (PE) sponsored issues and non-sponsored ones and include key operating characteristics as performance predictors. Design/methodology/approach The dependent variable is the buy-and-hold abnormal returns. The study uses key operating characteristics such as market capitalization, net sales, earnings before interest, taxes, depreciation and amortization, depreciation and amortization, price-to-book, asset turnover and leverage. A cross-sectional analysis is applied to test the long-run performance. Findings Sponsored IPO issues convey favourable information to investors about future earnings and prospects of the firm. The findings indicate that sponsored issues and, in particular PE sponsored issues are perceived by investors as having a positive impact on the operational performance of firms that the PE firms are involved in relative to the constituents of the index and this superior operational performance over time also leads to relatively better performing share prices. There are significant differences in terms of market size, industry classification and key operating characteristics across the three groups of issues. Research limitations/implications This study has had to deal with much smaller samples of PE and VC when compared to similar studies conducted in the developed markets such as the UK and the USA. Further robustness tests on the market performance using factor models posed a problem due to limitation of the availability of these factors. Practical implications For the capital markets investors and policy makers, this research demonstrates the increasingly important role that PE and VC funds play in the investment landscape in India. It exhibits the increasing investor confidence in the Indian capital markets. Originality/value Using a sample of Indian IPOs comprising VC sponsored and PE sponsored issues, this study analyses the performance of Indian IPOs in an emerging market setting. This study, thus, contributes to the limited IPO research undertaken in developing markets.
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Gomes, José Menezes. "FUNDOS DE PENSÃO, CAPITAL ESTATAL E NEODESENVOLVIMENTISMO." Revista Políticas Públicas 18 (August 5, 2014): 155. http://dx.doi.org/10.18764/2178-2865.v18nep155-159.
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O artigo analisa os limites da concepção de desenvolvimento econômico decorrente da mudança do cenário internacional, desde 2003, com a alteração do fluxo internacional de capitais para os países subdesenvolvidos, acompanhado da expansão chinesa e valorização das commodities. Destaca o papel atribuído aos fundos de pensãopelo governo Lula da Silva para justificar a Contrarreforma da Previdência. Aborda o papel do BNDES e o subsídio ao grande capital. Demarca a queda da taxa básica nos EUA e seus impactos sobre a economia brasileira. Argumenta que o pagamento de juros e amortização da dívida pública se converteu no mecanismo através do qual o Estado retira recursosdos trabalhadores, através de impostos diretos e indiretos e os remete aos banqueiros e fundos de pensão. Enfatiza a generalização do neoliberalismo, visando resolver a crise capitalista através da renegociação da dívida externa, das aberturas comercial e financeira, das privatizações.Palavras-chave: Fluxo internacional de capitais, fundos de pensão, neoliberalismo, dívida pública.PENSION FUNDS, STATE-OWNED CAPITAL AND NEO-DEVELOPMENTISMAbstract: The article analyzes the limits of conception of economic development arising from the change of the international scenery, since 2003, with the alteration of the international flux of capitals to the sub-developed countries, accompanied of chinese expansion and commodities’ appreciation. It highlights the assigned role to the pension funds by Lula da Silva’s government to justify the counter-reform of the Provident Funds. It approaches the role of BNDES and the subsidy tothe grand capital. Demarcates the fall of the basic tax in the USA and its impacts on the Brazilian economy. Argues that the payment of taxes and the amortization of the public debt was converted in the mechanism through which the State withdraw resources from workers, through the direct and indirect taxes and refer those to the bankers and pension funds.Emphasizes the generalization of neoliberalism, seeking to resolve the capitalist crisis through the renegotiation of external debt, of the commercial and financial openings, and of privatizations.Keywords: International flux of capitals, pension funds, neoliberalism, public debt.
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PANG, GAOBO, and MARK WARSHAWSKY. "Reform of the tax on reversions of excess pension assets." Journal of Pension Economics and Finance 8, no. 1 (2008): 107–30. http://dx.doi.org/10.1017/s1474747208003703.
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AbstractThis study quantifies the possible consequences to stakeholders of reforms to the excise tax on reversions of excess pension assets. Under the US Pension Protection Act (PPA) of 2006, funding in defined benefit (DB) plans is likely to improve significantly. Many plans may become overfunded over time, owing to the shortfall amortizations mandated by the PPA, as well as to precautionary contributions by sponsors and to plan investment returns. This analysis shows that a more moderate excise tax rate together with a reasonable funding threshold for asset reversions would not only enable sponsors to spend the excess funds on other corporate needs, thereby lowering the cost of sponsorship of DB plans, but also would open a considerable revenue source for the government, with only a small increase in bankruptcy cost for the PBGC. Plan participants could also gain in an alternative reform, which would require a partial transfer of excess assets to them along with a still-lower reversion tax rate. These findings also hold for plan sponsors with various degrees of risk tolerance or only making the PPA-required minimum contributions.
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Mao, Xinhua, Jiahua Gan, and Xilong Zhao. "Debt Risk Evaluation of Toll Freeways in Mainland China Using the Grey Approach." Sustainability 11, no. 5 (2019): 1430. http://dx.doi.org/10.3390/su11051430.
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With a proactive loan policy to raise construction funds, a large number of toll freeways have been built in Mainland China in the past three decades. However, it brought about a long-term heavy debt burden for most provincial governments. To ensure financial sustainability of toll freeways, an accurate and appropriate debt risk evaluation has become necessary. This research aims to explore debt risk factors and calculate the overall debt risk levels of toll freeways using the grey approach. Debt risk factors were identified as belonging to five categories—debt scale, debt structure, debt management, external environment, and solvency—and three new debt risk factors were added for specific concern of toll freeways—toll revenue, free cash flow, and earnings before interest, tax, depreciation, and amortization (EBITDA) margin. Debt risk levels of toll freeways in 29 provinces in Mainland China were evaluated by the proposed method and classified into three groups–low debt risk, medium debt risk, and high debt risk according to grey possibility degree ranges. Calculation results show that six provinces have low debt risk, 10 provinces have medium debt risk, and 13 provinces have high debt risk. Additionally, some specific policies to reduce toll freeway debt risk were provided based on the evaluation findings.
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Liepert, Maximilian. "Increasing the EBITDA of private equity portfolio company through digital enablement." Economics of Development 23, no. 1 (2024): 70–77. http://dx.doi.org/10.57111/econ/1.2024.70.
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The study of the role of digital implementation in increasing earnings before interest, taxes, depreciation and amortization (EBITDA) in portfolio companies of private equity funds is a topical issue for the development of strategies and competitiveness. Thus, the main purpose of the study was to determine how private equities increase EBITDA in the portfolio companies via digital enablement. For the purpose of understanding the role of digital enablement strategies in value creation, the critical realism research paradigm was identified as the best-fit philosophy. The critical realism approach was chosen because it advances research methodologies through the development of a qualitative theory of causality. A sample of 26 respondents was used with semi-structured interviews being conducted. The data analysis process involved the identification of 3 themes through thematic analysis. Three themes were identified, namely new digital capabilities to improve top-line growth, driven by the Head of Strategy/Head of Department, and transformative initiatives. The results from all three themes indicate that digital enablement is useful in improving private equity firm revenue and EBITDA levels through digital transformation, improved customer engagement, and identification of market opportunities towards digital data capabilities. The findings show that redefinition is critical to improving EBITDA, as it challenges the existing model and provides a forward-looking approach to strategy formulation. Digital enablement strategies are an unexplored area in the context of private equity firms. The strategies are momentous in improving revenue levels and competitiveness while accentuating the EBITDA rates by cost reduction. The results of this study will be of practical use to both businesses and other economic entities
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Hannah Jean B. Babida and Jumar John B. Dela Cruz. "4IS AND 4YS: UNDERSTANDING SINKING FUND AND AMORTIZATION SCHEDULE TO ENHANCE FINANCIAL LITERACY SKILLS AMONG GRADE 11 STUDENTS." EPRA International Journal of Multidisciplinary Research (IJMR), June 18, 2025, 998–1009. https://doi.org/10.36713/epra22483.
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This study aimed to enhance senior students' financial literacy, specifically in the areas of sinking funds and amortization, through an intervention known as the 4Is and 4Ys, which follows a scaffolding approach. The research employed a quantitative method using a one-group pretest-post-test design, a type of pre-experimental approach where the same group of participants is assessed before and after the intervention (Fraenkel et al., 2015). Prior to the intervention, students recorded an overall mean score of 25% in the pretest, indicating poor financial literacy skills. After implementing the intervention, the posttest results showed a significant improvement, with an overall mean score of 90.75%, suggesting a highly effective impact of the 4Is and 4Ys strategy on students’ learning outcomes. The data, as presented in the results table, reflect a marked difference in the performance of 20 students in computing sinking funds and amortization. This notable improvement demonstrates the effectiveness of the intervention in helping students build foundational knowledge and apply complex financial concepts more confidently. Initially, students struggled with these topics, showing limited understanding and skills. However, following the structured and supportive learning process offered by the 4Is and 4Ys approach, their performance improved considerably. These findings highlight the value of targeted instructional strategies in addressing specific learning gaps among students. Moreover, results showed that students performed better in the post-test than the pre-test, implying a significant difference between the two test scores, t(19) = 23.2, p<.001, with a standardized effect size of Cohen’s d=5.18. Since the probability value (p < .001) is less than the level of significance (α = 0.05), the null hypothesis is rejected. The rejection is supported by having a standard deviation of 2.54, indicating the reliability of the mean. This means that there is a significant difference between the pretest and post-test scores. In the qualitative phase, the researchers gained insights about the positive outcome of the intervention together with the challenges faced by the students. The study concludes that scaffolding methods like 4Is and 4Ys can significantly contribute to developing senior high schoolh students’ financial literacy, making complex topics more accessible and enhancing their problem-solving abilities in real-life financial situations Keywords: Amortization Schedule, Financial Literacy Skills, Inferential Statistics, Mixed Methods, Sinking Fund Schedule, Senior High School, 4Is and 4Ys Intervention, Philippines
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DOSSA, Alfred B. K. "Econometric Analysis of Benin Public Debt Sustainability." International Journal of Management and Economics Invention 06, no. 12 (2020). http://dx.doi.org/10.47191/ijmei/v6i12.01.
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Public indebtedness rates (outstanding debt recorded in the GDP) of Benin are respectively from 41.2% (4th term 2019), 43.9% (1st term 2020) and 48.4% (2nd term 2020). Previously, these rates have increased from 56.2% on December 31, 2018, compared to 54.3% in 2017 (Autonomous Amortization Fund - CAA, 2020). The progress of these indebtedness rates deserves an analysis of Benin public debt sustainability. This study thus aims at carrying out the econometric analysis of Benin public debt sustainability. The outcomes of data processing in the programming software R reveal that estimated β ( = 0,7318), is comprised between 0 and 1; we can deduce, according to QUINTOS (1995) that the revenues and expenditures partially adjust and that Benin public has a low sustainability.
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Suárez-García, Andrés, Elena Arce Fariña, Miguel Álvarez-Feijoo, David González-Peña, Cristina Alonso-Tristán, and Montserrat Díez-Mediavilla. "Estimation of photovoltaic potential for electricity self-sufficiency: A study case of military facilities in northwest Spain." October 11, 2017. https://doi.org/10.1063/1.4995687.
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Renewable energies, including photovoltaic energy, are attracting widespread international attention, in reaction to worsening environmental problems and the diminishing long-term sustainability of fossil fuel energies. In this work, the potential benefits of installing photovoltaic panels on several buildings at the Spanish Naval Military School (Escuela Naval Militar, ENM) of Marín are considered. The two salient advantages are significant economic savings from the production and the sale of electricity to the Spanish Electricity Network and achieving self-sufficiency in electricity requirements. Consequently, the main objective of this work is to estimate the energy potential of photovoltaic installations on the roofs of the ENM buildings. This is the first time that a project of this nature and size is presented to the Spanish Navy. To that end, a three-dimensional geographic analysis of the buildings is performed using three freeware software: Trimble SketchUp, Skelion, and Photovoltaic Geographical Information System. An economic study is also conducted to determine the feasibility of the installations, by estimating the Net Present Value of the photovoltaic installation and the Internal Rate of Return associated with the project. Subsequently, a sensitivity analysis that considers the most important parameters for the calculation of the amortization period is reported. The results show that the installation could fulfill the ENM electrical demands and could, in addition, generate significant economic benefits. The conclusions end with a recommendation to consider the merits of the proposed solution.
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Kosova, Tatiana, Nina Ovsiuk, and Elena Berezovskaya. "ACCOUNTING AND ANALYTICAL SUPPORT OF OPERATIONS WITH NON-CURRENT ASSETS IN THE SYSTEM OF FORMATION AND CONTROL OF DEPRECIATION POLICY UNDER." Market Infrastructure, no. 60 (2021). http://dx.doi.org/10.32843/infrastruct60-36.
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The article considers accounting and analytical support of operations with non-current assets, it is determined that high-quality accounting and analytical support affects the formation of optimal depreciation policy of a business entity. Optimization of amortization policy provides for the usage of the most effective methods of depreciation accrual depending on the intensity of use of non-current assets, and determines its crucial role in the process of recovery of non-current assets of an enterprise. The efficiency of implementation of depreciation policy is essential for formation of investment attractiveness of domestic enterprises, which is one of the main directions for attracting sources of financing. In the conditions of acute financial crisis the processes of increasing of earnings to the state budget and increasing of internal sources of funds of economic entities, needed for investment of own production activity and renewal of material and technical basis gain importance. Non-current assets have a significant specific weight in the total assets of the enterprise, they are one of the most significant objects of accounting, and requires control over their movement, the determination of depreciation, formation and use of depreciation fund, repairs, upgrading, renovation of obsolete and technically imperfect objects. In modern conditions of economic management in order to determine the features of accounting and analytical support of transactions with irreversible assets in the context of formation and control of depreciation policy, it is necessary to approach the tools of reproduction in the accounting system of the enterprise of directions of realization of depreciation policy in a theoretical and methodical way. In the course of the study methodological approaches to the organization of accounting and analytical support of operations with noncurrent assets for accrual of depreciation, formation and usage of depreciation fund are determined based on the application of complex perception, appropriate evaluation, documenting, synthetic and analytical accounting and contribute to the formation and control of the depreciation policy of the enterprise. Efficiency of depreciation policy directly depends on how balanced and reasonable the enterprise has provided for the chosen options of depreciation accrual methods conditioned by legislative requirements.
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Идрисова, А. А., та Р. С. Маккаева. "Методические аспекты учета основных средств". Актуальные вопросы современной экономики, № 2 (19 березня 2020). https://doi.org/10.34755/irok.2020.53.23.107.
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Актуальность темы научного исследования определяется, прежде всего, стем, что сосновнымисредствами какобъектом учетаобъединены многие проблемы современной российской экономики: недостаточная конкурентоспособностьпродукции всвязис чрезмерным физическим и моральным износом оборудования, не загрузка производственных мощностей, необоснованное дробление имущественных комплексов, низкие фондоотдача и инвестиционная активность, недостаточно реальная оценка активов, завышенная налоговая нагрузка при избыточном имуществе. Цель исследования - совершенствование бухгалтерского учета и аудита амортизации основных средств. Предметом исследования выступает система начисления амортизации и аудита основных средств организации. Объект исследования - система бухгалтерского учета и аудита амортизации основных средств строительной организации. The topicality of the topic of scientific research is determined, first of all, with the fact that many problems of the modern Russian economy are combined with the main means as an object of accounting: the lack of competitiveness of products due to excessive physical and moral wear and tear of equipment, non-loading of production facilities, unreasonable fragmentation of property complexes, low fund-recovery and investment activity, insufficiently real valuation of assets, inflated tax load with excess property. The aim of the study is to improve accounting and audit depreciation of fixed assets. The subject of the study is the system of accruing depreciation and audit ingesis of the organizations assets. The object of the study is the accounting and amortization system of the construction organizations assets.
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Nielson, Norma. "The Time has come to Revisit Solvency Funding Rules." School of Public Policy Publications 11, no. 1 (2018). http://dx.doi.org/10.55016/ojs/sppp.v11i1.43034.
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Canadians are not fond of hearing news about people losing their hard-earned pensions because their employer misused the money. The thought of some Working Joe or Jane being deprived of a pension, after a lifetime of working for a company, is naturally repugnant. That is why regulations around defined-benefit pension plans are designed to force employers to keep their pension funds sufficiently solvent. But there are many ways to achieve that end and, while the rules that Canadian companies must follow might serve to help preserve pension savings, they also be very expensive — to employers and regulators — compared to other policies that can do the same thing. In fact, more flexibility in the rules might even make it easier for companies to offer richer pension benefits to employees than they already do. Some of Canada’s outdated pension-funding rules have created the opposite problem: There are now pension plans that are actually overfunded if one assumes the company and the plan will continue. That means money the sponsoring companies could be using to hire more workers, to offer employees better pay and benefits, or to invest, is tied up in pension coffers. The problem lies in the divergence between a “going-concern” valuation — which assumes that the plan continues indefinitely — with the more prescriptive “solvency” valuation that is central to Canadian regulations. It examines funding adequaciy if one assumes the employer is going to go out of business (even if the vast majority of large employers are at any given time at no risk of that). In the days when fixed-income returns were lucrative, companies relied on pension fund investments to top up the funds, reducing sponsor contributions to unsafe levels. The solvency rules required plans that were reaping higher returns in the stock market to continue making some contributions to their plans. Back then, the gap between a going-concern valuation and a solvency valuation was small, and so the rules were not an unacceptable burden. Those rich returns are gone. Now, that gap between valuations has grown dramatically. In B.C., for example, a recent analysis found that when using a going-concern evaluation, 75 per cent of 143 defined-benefit plans registered in the province in 2015 had at least 100-per-cent funding, while the median funding ratio was 124 per cent. Using a solvency model, the median funding ratio was instead estimated to be a much lower 85 per cent. Closing that gap would require onerous pension contributions. More importantly, the contributions it triggers might never be needed to cover benefits. Quebec is the first province to recognize that pension-funding rules need to be revisited and made more responsive, with new rules coming in that will reduce the unnecessary burden on employers while also adapting to changes in the economic environment. Ontario is showing signs that it will take steps in the same direction. Regulators everywhere should be revisiting pension rules to: remove the solvency-valuation requirement for well-funded plans, while allowing the regulator to assume a worst-case scenario in the uncommon case where they believe it to be warranted; to develop a method to rate the credit risk of a plan; to be less stringent and more realistic about plan liabilities (by allowing some types of liabilities to use a longer amortization period); but still restricting plan changes for underfunded plans. The result would not only reduce the cost and work of over-regulating well-funded, well-run plans, while freeing up cash . By reducing pressure on the cash flow for sponsors, and adding more flexibility, the policymakers will ultimately make defined-benefit pension plans more sustainable. They might even see defined-benefit plans making a comeback among employers who found heavy contributions enough to drive them out of the DB world.
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Wasserman, Martín L. E. "DEUDA, PAPELES Y COMPROMISOS EN LA CONSTRUCCIÓN DEL CRÉDITO PÚBLICO. LA CAJA NACIONAL DE FONDOS DE SUD AMÉRICA (BUENOS AIRES, 1818–1821)." Revista de Historia Económica / Journal of Iberian and Latin American Economic History, November 9, 2020, 1–34. http://dx.doi.org/10.1017/s0212610920000191.
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ABSTRACT The South American Funds National Exchequer was established in 1818 to contribute to the consolidation of the public debt of Buenos Aires. It was the first financial innovation since the revolutionary outbreak in Buenos Aires, and its failure allowed the authorities to understand the limits of the fiscal and financial commitment they proposed by means of that institution. Its suppression, in 1821, offered an antecedent to develop a deep reform of the financial institutional matrix of Buenos Aires, based on the Public Credit office, the Amortization Exchequer and the Bank of Buenos Aires. The South American Funds National Exchequer was, thus, the first movement in the negotiation on the terms of the financial commitment assumed by the nascent State. This paper analyzes the 973 accounting entries of the institution, providing an interpretation of that failure and its importance for the course of public finances in Buenos Aires.
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Perry, David. "A Primer on Recent Canadian Defence Budgeting Trends and Implications." School of Public Policy Publications 8 (April 1, 2015). http://dx.doi.org/10.55016/ojs/sppp.v8i1.42514.
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Faced with a dangerous world, the federal government has made recapitalizing and updating Canada’s armed forces a priority. Unfortunately, fiscal pressures obliged the government to deviate from its Canada First Defence Strategy, cutting staff and delaying military hardware acquisitions. However, the introduction this year of the Defence Procurement Strategy should allow Ottawa to use improved approaches to buy equipment that would otherwise have been purchased already under the DND’s opaque capital expenditure system. At present, DND capital funds are mostly subject to accrual accounting. Capital costs are charged against the defence budget as annual amortization expenses over equipment lifecycles. While this enables multiple capital projects to go ahead simultaneously, not all of the money covering capital costs is treated this way. Traditional A-Base Vote 5 expenses are still charged to the budget the year the expenditure is made — and the DND consistently underspends the Vote 5 funds available by as much as 28 percent. Since 2007/8, an estimated $6.42 billion wasn’t used as intended. While some of this can be carried forward, there are limits. Leftover funds exceeding them are returned to the Treasury and are thereby lost. It’s up to the DND to make up losses out of future funding. Just as bad, the accrual method doesn’t fully account for inflation, so when schedules slip, project purchasing power diminishes by hundreds of millions of dollars. Ambitious initiatives like the Joint Support Ship and (likely) the Canadian Surface Combatant end up taking hits to reflect harsh budgetary realities; the capabilities of Canada’s soldiers suffer. This policy brief draws on research and confidential interviews to highlight the pressing need for reform in Canadian defence procurement.
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Stinich, Oleksandr. "DEPRECIATION AS THE TOOL FOR THE REPRODUCTION OF OWN INVESTMENT RESOURCES." Business Navigator, no. 2(75) (2024). http://dx.doi.org/10.32782/business-navigator.75-48.
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The paper examines depreciation as an effective tool for replenishing one’s investment resources. The theoretical foundations of depreciation and its significance in business management and financial management are discussed here based on the processes of simple and expanded capital reproduction of the company. The significant features of simple and expanded reproduction, which lie precisely in the possibility of capitalization of financial resources invested in production funds, are separately noted. The place and role of depreciation at various stages of social production reproduction are determined. Depreciation in this case serves as a tool for capitalizing resources. The circulation process of the main production capital (MPC) at various stages, namely, circulation, production, and circulation, is examined. The peculiarity of creating the final material product, which precisely allows for the capitalization of financial resources, is highlighted, and the secondary role of expenditure processes in circulation without which the realization of the finished product is not possible is determined. It is determined that the useful value of the main production capital (MPC) is the means of labor that have useful properties for production: they participate in the process of creating new useful value. MPC as value is social labor embodied. The activation of the reproduction of the main capital implies, first of all, the acceleration of its real circulation, which is manifested in the reduction of the reproduction cycle. And since the reproduction cycle of the main capital includes stages of innovative production, industrial production, testing, operation, and replacement, its reduction contributes to the renewal, modernization of means of labor, optimal use of available production capacities, which allows increasing capital productivity and production efficiency as a whole. All possible alternative sources of forming investment resources of enterprises are considered in the study, where separate instruments that can be applied to the reproduction process are distinguished. It is determined that leasing deserves separate attention as a tool of amortization reproduction, since it has certain features of depreciation accrual and its accounting on the company’s accounts depending on the methods of depreciation and the chosen type of leasing. The problem of effective reproduction of the company’s capital is considered from various points of view and at different levels of management.