"PATRIMONY" - A CONTROVERSIAL MATTER OF ROMANIA'S PROGRAM OF ACCOUNTANCY MATCHING

Boca (Rakos) Ileana - Sorina (), Diaconu Florin () and Cornescu Alina ()
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Boca (Rakos) Ileana - Sorina: Universitatea Valahia din Targoviste, Stiinte Economice
Diaconu Florin: Universitatea Valahia din Targoviste, Stiinte Economice
Cornescu Alina: Universitatea Valahia din Targoviste, Stiinte Economice

Annals of Faculty of Economics, 2010, vol. 1, issue 2, 826-831

Abstract: The dilemma has its origins in accountancy's international matching, namely between the accountancy system implemented in our country beginning with 1994 and the one implemented by Anglo-Saxon accountancy where patrimony is substituted by its two components: PROPERTY for ASSETS and CAPITAL for LIABILITIES, patrimony being defined owing to financial condition. Property represents the measurable reality of the goods and available values. When compared with the proprietor, property makes up patrimony in case, from a juridical point of view, there is a real guarantee upon the manner of financial covering (obtaining sources, procuring manner), namely a legal manner of justifying the origin of available values.

Keywords: patrimony; assets; liabilities; accountancy. (search for similar items in EconPapers)
JEL-codes: M41 (search for similar items in EconPapers)
Date: 2010
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