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The Actuarial Accounting in the Modern Financial-Accounting Management with Applications to the Entities

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  • Gheorghe V. Lepadatu

    (Dimitrie Cantemir Christian University)

Abstract

The opening of the accounting to the actuarial calculation is a normal consequence of its evolving 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.

Suggested Citation

  • Gheorghe V. Lepadatu, 2012. "The Actuarial Accounting in the Modern Financial-Accounting Management with Applications to the Entities," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 2(3), pages 65-74, July.
    • Handle: RePEc:hur:ijaraf:v:2:y:2012:i:3:p:65-74
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    More about this item

    Keywords

    Actuarial accounting; current costs; fair value accounting; present value; framework; realizable (settlement) value;
    All these keywords.

    JEL classification:

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

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