The assets of an enterprise are its resources, expressed in value and used in the course of current activities. The cost of non-current and current assets is reflected in the balance sheet drawn up at the end of the reporting period. Changes in their condition can be analyzed by calculating, among other indicators, the average annual value of assets.
It is necessary
The balance sheet of the enterprise
Instructions
Step 1
Determine the value of the assets of the company at the beginning and end of the year according to the balance sheet data. Its value is reflected in line 300 "Total balance".
Step 2
Calculate the average annual value of assets using the formula: Asr = (A1 + A2) / 2, where:
- A1 - the value of the company's assets at the beginning of the year, - A2 - asset value at the end of the year.
To do this, add up the data for the term 300 "Total balance" at the beginning and end of the year. By dividing the resulting amount by two, you will find the average annual value of the assets of the company for the analyzed period.
Step 3
Calculate, if necessary, using the same formula, the average annual cost of non-current and current assets, using the results of the balance sheet for Section I "Non-current Assets" or Section II "Current Assets". Having made similar calculations based on the financial statements for previous periods, analyze the changes in the composition of the organization's property, identify the reasons that influenced these changes, make the necessary decisions on the effective management of the firm's resources.
