The Evaluation Subsequent to the Recognition of Fixed Tangible Assets for Public Institutions – Method Based on Cost

Cristina Tenovici

International Journal of Academic Research in Accounting, Finance and Management Sciences, 2013, vol. 3, issue 2, 23-31

Abstract: As far as the public domain is concerned, the necessity for decreasing the differences between national and international accounting standards generated the need for an accounting harmonization. The purpose of this harmonization is to achieve the comparability of information from public institutions, in other words, to decrease the differences between countries regarding the evaluation and recordings in accounting, regarding the evaluation of patrimony, of the achievements and financial position. The preference for a specific accounting policy is determined by the need to illustrate an accurate financial situation and performance. Therefore, it is necessary to select an optimal accounting policy for the evaluation of fixed tangible assets as well, a policy that provides the relevant, prudent and complete information under all significant aspects through the means of financial situations.

Keywords: Future evaluation; fixed tangible assets; tangible assets; depreciation; adjustment for temporary depreciation; cost model (search for similar items in EconPapers)
Date: 2013
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.hrmars.com/admin/pics/1865.pdf (application/pdf)
http://www.hrmars.com/admin/pics/1865.pdf (text/html)

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:hur:ijaraf:v:3:y:2013:i:2:p:23-31

Access Statistics for this article

More articles in International Journal of Academic Research in Accounting, Finance and Management Sciences from Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences
Bibliographic data for series maintained by Hassan Danial Aslam ().