Accounting Model for Production of Economic Benefits from Operating Activities

Purpose of the article is application of approach to study of business entity as object of capital investment and, using this as a basis, build-up of a new theoretical model of accounting system to meet information demands of investment management. Items of the accounting model for production of economic benefits from operating activities are as follows: self-investments, capital maintenance costs (other aggregate income), operating activity costs, economic benefits from operating activities. The worked out theoretical model was tested on DTEK Holdings B.V. materials of consolidated financial statements. Application of this approach makes it possible to differentiate the investments directed outside from self-investments of the company, to verify cost structure of operating activities, to differentiate financial activity costs from company financing costs, to detect coverage sources for administrative costs, to separate capital maintenance costs. All this on the whole conduces to better quality of accounting information about financial results in terms of company activity types.