diff --git a/js/js.translator/src/org/jetbrains/kotlin/js/translate/reference/CallableReferenceTranslator.kt b/js/js.translator/src/org/jetbrains/kotlin/js/translate/reference/CallableReferenceTranslator.kt
index c1782736c80..62f3c51c4e7 100644
--- a/js/js.translator/src/org/jetbrains/kotlin/js/translate/reference/CallableReferenceTranslator.kt
+++ b/js/js.translator/src/org/jetbrains/kotlin/js/translate/reference/CallableReferenceTranslator.kt
@@ -16,20 +16,14 @@
 
 package org.jetbrains.kotlin.js.translate.reference
 
-import com.google.dart.compiler.backend.js.ast.JsExpression
-import com.google.dart.compiler.backend.js.ast.JsInvocation
-import com.google.dart.compiler.backend.js.ast.JsLiteral
+import com.google.dart.compiler.backend.js.ast.*
 import org.jetbrains.kotlin.builtins.KotlinBuiltIns
 import org.jetbrains.kotlin.descriptors.*
 import org.jetbrains.kotlin.js.resolve.diagnostics.ErrorsJs
 import org.jetbrains.kotlin.js.translate.context.TranslationContext
-import org.jetbrains.kotlin.js.translate.utils.AnnotationsUtils
-import org.jetbrains.kotlin.js.translate.utils.BindingUtils
-import org.jetbrains.kotlin.js.translate.utils.JsDescriptorUtils
+import org.jetbrains.kotlin.js.translate.utils.*
 import org.jetbrains.kotlin.psi.KtCallableReferenceExpression
 import org.jetbrains.kotlin.resolve.DescriptorUtils
-import org.jetbrains.kotlin.resolve.descriptorUtil.builtIns
-import org.jetbrains.kotlin.resolve.descriptorUtil.module
 import java.util.*
 
 object CallableReferenceTranslator {
@@ -93,13 +87,54 @@ object CallableReferenceTranslator {
         val packageDescriptor = JsDescriptorUtils.getContainingDeclaration(descriptor)
         assert(packageDescriptor is PackageFragmentDescriptor) { "Expected PackageFragmentDescriptor: $packageDescriptor" }
 
-        // TODO: revisit
-        val jsPackageNameRef = context.getQualifiedReference(packageDescriptor)
         val jsPropertyName = context.getNameForDescriptor(descriptor)
         val jsPropertyNameAsString = context.program().getStringLiteral(jsPropertyName.toString())
 
-        return JsInvocation(context.namer().callableRefForTopLevelPropertyReference(), jsPackageNameRef, jsPropertyNameAsString,
-                            isVar(descriptor))
+        val getter = createTopLevelGetterFunction(descriptor, context)
+        val setter = if (descriptor.isVar) createTopLevelSetterFunction(descriptor, context) else JsLiteral.NULL
+
+        return JsInvocation(context.namer().callableRefForTopLevelPropertyReference(), getter, setter, jsPropertyNameAsString)
+    }
+
+    private fun createTopLevelGetterFunction(descriptor: PropertyDescriptor, context: TranslationContext): JsExpression {
+        val getter = descriptor.getter!!
+        if (!JsDescriptorUtils.isSimpleFinalProperty(descriptor) && context.isFromCurrentModule(descriptor)) {
+            return context.getInnerReference(getter)
+        }
+
+        val expression = if (TranslationUtils.shouldAccessViaFunctions(descriptor)) {
+            JsInvocation(ReferenceTranslator.translateAsValueReference(getter, context))
+        }
+        else {
+            ReferenceTranslator.translateAsValueReference(descriptor, context)
+        }
+
+        val function = context.createTopLevelFunction(getter)
+        function.body.statements += JsReturn(expression)
+
+        return function
+    }
+
+    private fun createTopLevelSetterFunction(descriptor: PropertyDescriptor, context: TranslationContext): JsExpression {
+        val setter = descriptor.setter!!
+        if (!JsDescriptorUtils.isSimpleFinalProperty(descriptor) && context.isFromCurrentModule(descriptor)) {
+            return context.getInnerReference(setter)
+        }
+
+        val function = context.createTopLevelFunction(setter)
+        val valueParam = function.scope.declareFreshName("value")
+        function.parameters += JsParameter(valueParam)
+
+        val expression = if (TranslationUtils.shouldAccessViaFunctions(descriptor)) {
+            JsInvocation(ReferenceTranslator.translateAsValueReference(setter, context), valueParam.makeRef())
+        }
+        else {
+            JsAstUtils.assignment(ReferenceTranslator.translateAsValueReference(descriptor, context), valueParam.makeRef())
+        }
+
+        function.body.statements += expression.makeStmt()
+
+        return function
     }
 
     private fun translateForMemberProperty(descriptor: PropertyDescriptor, context: TranslationContext): JsExpression {
diff --git a/js/js.translator/testData/box/callableReference/property/topLevelVar.kt b/js/js.translator/testData/box/callableReference/property/topLevelVar.kt
index 6a78e7db266..2c6d8f4a0a9 100644
--- a/js/js.translator/testData/box/callableReference/property/topLevelVar.kt
+++ b/js/js.translator/testData/box/callableReference/property/topLevelVar.kt
@@ -4,6 +4,9 @@ var x = 1
 
 val y = 2
 
+val z: Int
+    get() = 3
+
 fun box(): String {
     var refX = ::x
     assertEquals(1, refX.get())
@@ -16,5 +19,9 @@ fun box(): String {
     assertEquals(2, refY.get())
     assertEquals("y", refY.name)
 
+    var refZ = ::z
+    assertEquals(3, refZ.get())
+    assertEquals("z", refZ.name)
+
     return "OK"
 }
diff --git a/js/js.translator/testData/kotlin_lib_ecma5.js b/js/js.translator/testData/kotlin_lib_ecma5.js
index 506470a2046..9e2cd9f3969 100644
--- a/js/js.translator/testData/kotlin_lib_ecma5.js
+++ b/js/js.translator/testData/kotlin_lib_ecma5.js
@@ -470,10 +470,9 @@
         };
     };
 
-    Kotlin.getCallableRefForTopLevelProperty = function(packageName, name, isVar) {
-        var getFun = Function("p", "return function " + name + "() { return p['" + name + "']; }")(packageName);
-        var setFun = isVar ? function(value) { packageName[name] = value; } : null;
-        return getPropertyRefClass(getFun, "get", setFun, "set_za3rmp$", propertyRefClassMetadataCache.zeroArg);
+    Kotlin.getCallableRefForTopLevelProperty = function(getter, setter, name) {
+        var getFun = Function("getter", "return function " + name + "() { return getter(); }")(getter, setter);
+        return getPropertyRefClass(getFun, "get", setter, "set_za3rmp$", propertyRefClassMetadataCache.zeroArg);
     };
 
     Kotlin.getCallableRefForMemberProperty = function(name, isVar) {