EconPapers    
Economics at your fingertips  
 

Accounting policies and practices applicable for the impairment of assets that generate income other than cash flows

Marinela Daniela Manea ()
Additional contact information
Marinela Daniela Manea: Valahia University, Târgovi?te

The Audit Financiar journal, 2016, vol. 14, issue 139, 761

Abstract: Starting with 2005, at an European level, the European Commission alongside the International Federation of Accountants (IFAC) promoted the implementation of accrual accounting within the public sector and, by default, the shift from cash accounting to accrual accounting, as well as the development of financial statements based on the International Public Sector Accounting Standards (IPSAS). IPSAS’ starting point were the International Financial Reporting Standards (IFRS) issued by the International Accounting Standards Board (IASB). The requests of the IPSAS Standard 21 “Impairment of Non-Cash-Generating Assets” were drawn up in accordance with this policy. The differentiated practices that can be applied to the public sector in relation to the private sector have led us to the analysis of the solutions suggested by IPSAS 21 precisely to understand and further study the concepts and mechanisms of the depreciation of assets that generate income other than cash flows. Without neglecting the reality of the Romanian accounting practice within the public sector, we will gradually go through the steps of measuring and recognizing the depreciation losses associated with the assets that generate income other than cash flows, owned by the public entities.

Keywords: Public sector; non-cash-generating assets; depreciation loss; recoverable value (search for similar items in EconPapers)
JEL-codes: H83 (search for similar items in EconPapers)
Date: 2016
References: View complete reference list from CitEc
Citations Track citations by RSS feed

Downloads: (external link)
http://revista.cafr.ro/temp/Article_9487.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aud:audfin:v:14:y:2016:i:139:p:761

Access Statistics for this article

More articles in The Audit Financiar journal from Chamber of Financial Auditors of Romania
Series data maintained by Dumitru Valentin Florentin ().

 
Page updated 2017-09-29
Handle: RePEc:aud:audfin:v:14:y:2016:i:139:p:761