The history of evaluation in accounting as a reflection of the causal relationships between its evolution and the stages of the world economy development
Subject. This article explores the issues related to the history of valuation as an element of the accounting method. Objectives. The article aims to identify cause and effect relationships between the development stages of approaches to the assessment of accounting objects and the most significant events and developments in the world economy. Methods. For the study, we used the methods of critical analysis, synthesis, comparison, observation, and analogy. Results. The article systematizes and describes the stages of evolution of approaches to evaluation in the process of historical accounting development, and also identifies and substantiates the cause and effect relationships between qualitatively different stages of the evolution of the evaluation of accounting objects and the most significant events and developments in the world economy. Conclusions and Relevance. The gradual complication of economic relations in society, the expansion and complexity of production and commodity exchange processes complicate approaches to the evaluation of accounting objects and the extension of the range of assessments used. This leads the world community to seek the best estimates for different accounting objects and items, and develop a methodological justification for approaches to their definition. The results obtained have both applied and theoretical applications in the field of financial accounting.
Keywords: appraisal, evolution, object of accounting
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