Valuation and accounting of land plots under wartime conditions

Abstract

The hostilities on the territory of Ukraine have had a catastrophic impact on land resources. A substantial portion of the land is occupied, mined, and artificially contaminated with heavy metals and chemical elements. In order to effectively manage its own resources and comply with the legal requirements, an enterprise should carefully consider the issue of land accounting. Land is a unique natural resource, which makes it a complex object of research in terms of valuation and accounting. Moreover, it has different purposes and uses, thus determining the relevance of the study in the current economic environment.
The purpose of the present article is to undertake a rigorous examination of the valuation of land and also its reflection in the accounting system, with particular reference to the requirements of wartime. The subject of the study is the reflection in accounting of business transactions related to such a non-current asset as land.
The methodological basis of the scientific research is the assessment of contemporary scientific articles, the analysis of empirical studies and examples, which facilitate the summarizing and comprehension of prevailing trends in the valuation and accounting of land assets. The findings of the study confirm that in the post-war period, in order to manage their own resources and comply with the requirements of current legislation, enterprises should carefully consider the issues of accounting for land plots, promote the conservation of natural properties, with a view to achieving the objectives of sustainable development.
The practical value of the results obtained is in the formation of a more systematic approach to the valuation of land assets and an accounting for land conservation due to hostilities and mining. It will ensure the prompt reflection of relevant information in the accounting and financial reporting systems, thereby enabling effective management decisions to be made.