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Tangible Assets Revaluation Policy At Entities Listed On The Bucharest Stock Exchange - Tier Ii

Author

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  • Csongor CSŐSZ

    (University „Babeş-Bolyai” Faculty of Economics and Business Administration, Cluj Napoca, Romania)

Abstract

Each year before the preparation of annual financial statements the entity’s assets need to be presented and evaluated. In order to these assets to be recorded in the financial statements at fair value, they need regular revaluation. Revaluations should be made with sufficient regularity so that the accounting value does not differ substantially from that which would be determined using fair value at balance sheet date. This way, the true and fair view of the financial statements is guaranteed. The study contains an analysis of the 52 listed entities on the Bucharest Stock Exchange (BSE) tier II. on their revaluation policy, in relation with debt ratio of the entity, size of the entity, amount of tangible assets (tangible assets’ share in total assets) and in relation with the seniority (age) of tangible assets.

Suggested Citation

  • Csongor CSŐSZ, 2013. "Tangible Assets Revaluation Policy At Entities Listed On The Bucharest Stock Exchange - Tier Ii," SEA - Practical Application of Science, Romanian Foundation for Business Intelligence, Editorial Department, issue 1, pages 46-58, June.
    • Handle: RePEc:cmj:seapas:y:2013:i:1:csoszc
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    References listed on IDEAS

    as
    1. Benston, George J., 2008. "The shortcomings of fair-value accounting described in SFAS 157," Journal of Accounting and Public Policy, Elsevier, vol. 27(2), pages 101-114.
    2. Nicoleta Maria CIOARA & Adriana Tiron TUDOR, 2010. "The Model Of Historical Cost And Fair Value In The Context Of National And International Regulations," EuroEconomica, Danubius University of Galati, issue 24, pages 91-98, March.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Revaluation policy; Debt ratio; Amount of tangible assets;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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