ActuArial Accounting – A Branch of the Financial Accounting

Gheorghe V. Lepadatu and Doina Maria Tilea ()
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Doina Maria Tilea: "Dimitrie Cantemir" Christian University

Knowledge Horizons - Economics, 2010, vol. 2, issue 1, 64-79

Abstract: The opening of the accounting to the actuarial calculation is a normal consequence of its evolutive spirit. At the origin of the international accounting standards lies the framework for preparing, presenting and disclosing the financial statements. The framework stays as a reference matrix, as a standard of standards, as a constitution of financial accounting. According to the international framework, the financial statements use different evaluation bases: the historical cost, the current cost, the realizable (settlement) value, the present value (the present value of cash flows). Choosing the evaluation basis and the capital maintenance concept will eventually determine the accounting evaluation model used in preparing the financial statements of a company.

Keywords: Actuarial accounting; current costs; fair value accounting; present value; framework; realizable (settlement) value (search for similar items in EconPapers)
JEL-codes: M40 (search for similar items in EconPapers)
Date: 2010
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