Valuation of assets and liabilities: innovations, discussions and prospects

The article analyzes the innovations of the FSBU adopted in recent years regarding the accounting of assets and liabilities of organizations. The new rules established by these FSBU regarding the valuation of various types of assets and liabilities are examined. The new rules of FSBU 5/2019, FSBU 6/2020, FSBU 26/2020 and FSBU 14/2022 regarding the valuation of inventories, fixed assets and intangible assets are analyzed. The issues of valuation of financial assets, financial liabilities and employee benefits obligations are studied. A generalized assessment of the current state of the methodology for transferring accounting objects to monetary units is given. Both appropriate aspects of the regulations of the FSBU adopted in recent years regarding the valuation of assets and liabilities and the currently existing problematic issues are identified. Recommendations for resolving controversial issues of the methodology for valuing assets and liabilities are substantiated.