Arguments for the Assessment of the Inventories at Net Realisable Value

Untaru Mircea ()
Additional contact information
Untaru Mircea: Romanian Academy, Bucharest, Romania

Ovidius University Annals, Economic Sciences Series, 2015, vol. XV, issue 1, 907-912

Abstract: This paper aims at highlighting the inability of the annual financial statements in its present format , to restore economic substance , to present the true financially position of a company in the balance sheet. This inability is due to the use of " historical cost " valuation as the basis for all stocks, regardless of the operating flow stages located and their destination.

Keywords: inventories assessment; historical cost; fair value; realizable value (search for similar items in EconPapers)
JEL-codes: M41 (search for similar items in EconPapers)
Date: 2015
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://stec.univ-ovidius.ro/html/anale/RO/2015/ANA ... ssue_1_pt%20site.pdf (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:ovi:oviste:v:xv:y:2015:i:1:p:907-912

Access Statistics for this article

Ovidius University Annals, Economic Sciences Series is currently edited by Spatariu Cerasela

More articles in Ovidius University Annals, Economic Sciences Series from Ovidius University of Constantza, Faculty of Economic Sciences Contact information at EDIRC.
Bibliographic data for series maintained by Gheorghiu Gabriela ().