Abstract:

Natural resources are an important subject of accounting and reliable information about the presence of natural resources largely determines their competitiveness. But, unlike companies in developed countries, the Ukrainian practice faces significant problems connected with recording of data and results of their use. Having examined the standards of domestic and foreign regulatory accounting of individual objects of nature, we can state that natural resources have the characteristics of property, but at the same time, there are significant differences. The author suggests three options for managing accounting of natural resources and appropriate rent from them, to create a special standard; improve existing standards of accounting for fixed assets, costs and revenues; make a link to a special standard, which reveals the methodology of natural resources accounting. Natural rent is the income derived from ownership or use of certain natural resources (land, water, forests, minerals and mining area). The study shows that the natural rent includes land, mining, water and forest rents, which are divided into types. To reflect the accounting natural rent the author has developed a number of analytical accounts to account 79 «Financial results». The proposals aimed at ensuring the development of an natural rent based on the classification to provide the reliability of the information on the income of the company.

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