ACCOUNTING AND FISCAL POLICIES REGARDING THE TREATMENT OF ASSETS’ DEPRECIATION – NATIONAL AND INTERNATIONAL

Mariana Man (), Ioan Constantin Dima and Valentina Minea
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Mariana Man: University of Petrosani
Ioan Constantin Dima: “Valahia” University of Târgoviste
Valentina Minea: “Valahia” University of Târgoviste

Internal Auditing and Risk Management, 2011, vol. 30, issue 2(22), 32-48

Abstract: A large part of fixed assets depreciate with time, a fact that requires their replacement, usually, through amortization. Amortization appears as a value equivalent of the irreversible deterioration of an asset as a result of its functioning, of the effects of natural factors, of technical progress and of other causes. A part of the assets, whose use is temporally unlimited, as, for example, lands and financial investments, is not amortized; a possible depreciation of them is covered through adjustments (provisions). Accordingly, maintenance self-financing has an important consequence upon the performance of an economic entity; it includes amortization that provides the renewal of the fixed assets that are out of use and the depreciation or loss of value adjustments of active elements and provisions .

Keywords: accounting amortization; fiscal amortization; adjustment; depreciation; value loss; international accounting standard (search for similar items in EconPapers)
JEL-codes: H30 M41 (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (1)

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