Revaluation and its importance for the assessment of value of assets of the business entity
Subject To assess the reliability of business partners and management decisions, the composition and changes in the value of assets of the economic entity are important. These indicators depend on the evaluation of assets for reporting, taking into account their revaluation and allowance for impairment.  Objectives The paper aims to summarize the approaches to integrate the facts of economic life, arising from the revaluation in accordance with the causes of the need to adjust the value of various assets.  Methods This paper analyzes the factors which give rise to changes in the cost of various types of assets, the accounting treatment and reflection of revaluation of various asset classes in reporting.  Results Having studied the causes of changes in the value of various types of assets, we reveal that inflationary processes are the main factor for non-current assets and long-term use current assets. However, there are other pricing factors influencing the current market value of assets. These factors should not be equated. We also show that the revaluation of financial investments affects the financial results of the current reporting period, however, it cannot be the basis of profit distribution.  Conclusions The article concludes that in order to enhance the transparency of financial statements, it is useful to consider the results of the revaluation of all types of assets in the total profit/loss separately, rather than as an integral part of the net profit/loss of the reporting period.