ACCOUNTING POLICIES AND OPTIONS REGARDING TANGIBLE ASSETS' EVALUATIONS

Mihaela Popa
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Mihaela Popa: University of Craiova Faculty of Economics and Business Administration

Annals of University of Craiova - Economic Sciences Series, 2012, vol. 2, issue 40, 191-196

Abstract: Accounting policies are the specific principles, bases, conventions, rules and practices adopted by an entity when producing and presenting financial statements. The options found in accounting mean there are several policies to settle a matter. Therefore, an option means a choice. The targets of choosing accounting policies are generated by the need to render a true and fair view regarding the financial statement and performance of an enterprise. Choosing the treatments to be applied by a company from among those allowed becomes in the context of flexibility permitted by accounting normalizers a very important factor when presenting a company’s financial position and performance.

Keywords: accounting policies; accounting options; tangible assets; historical cost; true and fair view; enterprise performance (search for similar items in EconPapers)
JEL-codes: M21 M41 (search for similar items in EconPapers)
Date: 2012
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