Reference Points on the Accounting Treatment of Real Estate Investments

Florentina Moisescu and Veronica Bolea
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Florentina Moisescu: Dunarea de Jos University of Galati, Romania
Veronica Bolea: Dunarea de Jos University of Galati, Romania

Economics and Applied Informatics, 2018, issue 2, 60-66

Abstract: The paper addresses the importance of recognizing real estate investments and accounting treatments applied to them for the economic performance of entities. Real estate assets are treated differently in accounting according to the purpose of their ownership, the stage of their life, the various decisions taken during their possession, the characteristics of their removal from the patrimony. When applying the OMFP no. 1.802/2014, the entities have established, based on accounting policies and professional judgment, which of the immovablereal estate properties are eligible for real estate investments and has been selected for their fair value model or cost model. Research has found that between the initial recognition and the derecognition of a real estate asset there are some changes that can significantly influence the patrimony and the position and financial performance indicators.

Keywords: Real estate investment; Recognition; Fair value; Cost (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:ddj:fseeai:y:2018:i:2:p:60-66

DOI: 10.26397/eai158404097

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