VARIABILITY OF ACCOUNTING POLICIES – ADVANTAGES AND DISADVANTAGES
Julija Bojarenko ()
Additional contact information
Julija Bojarenko: Baltic International Academy
Copernican Journal of Finance & Accounting, 2017, vol. 6, issue 3, 9-19
There are several provisions of accounting policy, which are not regulated by the legislation of the Republic of Latvia. As a result, companies are free to develop and adopt recognition criteria and the methods of evaluation and accounting for items of their financial statements. This article deals with the choice of recognition criteria and the methods of evaluation of and accounting for fixed assets. The aim of the article is to develop recommendations on how to resolve the issue of accounting policy variabilities for the companies of the Republic of Latvia. The objects of the study are recognition criteria and the methods of evaluation and accounting of fixed assets. The recommendations on the solution of the issues related to variability of fixed asset accounting policy are based on the determination of materiality criteria.
Keywords: accounting policy; fixed assets; materiality criteria (search for similar items in EconPapers)
References: View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:cpn:umkcjf:v:6:y:2017:i:3:p:9-19
Access Statistics for this article
Copernican Journal of Finance & Accounting is currently edited by Leszek Dziawgo
More articles in Copernican Journal of Finance & Accounting from Uniwersytet Mikolaja Kopernika
Bibliographic data for series maintained by Miroslawa Buczynska ().