Abstract: The article presents the results of a critical analysis of the methodological foundations for assessing the effectiveness of capital formation at an enterprise. The author’s position on the essence of the concept of «capital formation», which is defined as a set of economic processes of formation, use, reproduction and accumulation of capital, as well as creation, distribution and use of added value of capital, has been clarified. The expediency of adherence to the targeted approach to determining the effectiveness of capital formation at an enterprise is argued, which is the basis for the formation of the content aspect of the relevant assessment. The results of generalisations of methodological approaches to assessing the results of capital investment in accordance with different target areas are presented. Attention is focused on the need to combine accounting and cost approaches to assessing the results of capital investment. The advantages of using the concept of economic profit for assessments in various thematic (target) areas of research on the effectiveness of capital investment are argued. An attempt has been made to draw attention of the scientific community to the results of capital formation research in an expanded semantic context that combines the resource and value characteristics of capital as an object of economic management at an enterprise. The valueoriented approach to determining the results of capital formation actualises the need to develop appropriate methodological foundations.

The article focuses on methodological innovations described in scientific research and highlights a number of issues that are promising in terms of further research on the relevant topic.