National and International Norms on Accounting Policies and Procedures Applicable to Amortizable Tangible Fixed Assets. Impact on Patrimonial Result

Nicoleta Cristina Matei (), Cantemir Răzvan Matei () and Luminita Horhota
Additional contact information
Nicoleta Cristina Matei: Nicolae Titulescu University Calea Văcăreşti, No. 185, 4th District, Bucharest ROMANIA
Cantemir Răzvan Matei: The Valahia University of Târgovişte The Institution Organizing University Doctoral Studies Lt. Stancu Ion Street, No.35, Building D, Târgovişte, Dâmbovița County ROMANIA

Global Economic Observer, 2017, vol. 5, issue 2, 103-112

Abstract: Choosing the accounting policies on amortizable tangible fixed assets influences the value of certain indicators in financial reports, namely the balance sheet or the patrimonial result account. The decisions regarding accounting policies have a direct influence on the value of the tangible fixed assets in the balance sheet and an indirect one on the result of a public institution. The result of the institution is influenced by the amortization expenses, the expenses on the depreciation of tangible fixed assets and, possibly, the revenues from resuming the depreciation of the tangible fixed assets. The ratio of the indicators mentioned at a certain point, as well as their trend is particularly important for the users of such information. The work presents a parallel between the provisions of the national norms on the organization and conduct of accounting in public institutions and the International Public Sector Accounting Standards referring to the accounting policies applicable to amortizable tangible fixed assets. Furthermore, the paper describes the manner in which choosing a method, rule on tangible fixed assets influences the result of a public institution.

Keywords: tangible fixed assets; accounting policies; recognition; subsequent evaluation; amortization; de-recognition (search for similar items in EconPapers)
Date: 2017-12
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.globeco.ro/wp-content/uploads/vol/split ... vol5_no2_art_013.pdf First version, 2017 (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:ntu:ntugeo:vol5-iss2-17-103

Access Statistics for this article

Global Economic Observer is currently edited by Serghei Margulescu and Simona Moagar-Poladian

More articles in Global Economic Observer from "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences Contact information at EDIRC., Institute for World Economy of the Romanian Academy
Bibliographic data for series maintained by Stefan Ciucu ( this e-mail address is bad, please contact ).