Accounting practices started to integrate as foreign investments were introduced in Uzbekistan. The current accounting system includes new conditions and principles. Moreover, new methods of accounting procedures, accounting records of transactions, and types of statements were also introduced. Accounting has become effectively involved not only in the operations of business entities but also in verifying, crediting, examining, and collecting data on company activities. After introducing new terminologies for accounting and implementing new principles and methods, different types of accounting evolved (e.g., financial accounting, management accounting, and cost accounting). This research focuses on one of the fundamental components of production accounting, which is the enhancement of fixed asset accounting. It examines issues related to the advancement of accounting for unused non-current assets in Uzbekistan, considering the specific characteristics of economic entities. Recommendations for the enhancement of forming the accounting policy in enterprises are provided. Additionally, a methodology for checking unused non-current assets and identifying the tax base of property tax related to unused non-current assets is recommended. The authors also proposed a new account and a method to identify the book value of non-current assets for seasonal enterprises.