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Comparative Analysis Regarding Fixed Assets: IAS/IFRS – Romanian Regulations

Author

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  • Georgescu Cristina Elena

    (Ovidius University of Constanta)

Abstract

Within the scientific approach I have undertaken in this paper, I have proposed to analyze the extent to which the new accounting values adopted for the evaluation of fixed assets, in view of their relation to financial statements, may serve the informational needs of all financial information users. The latter are in need of credible and relevant information, which would allow anticipating the future evolution of the entity. For this reason, we are currently witnessing a reappraisal of the evaluation’s fundamental principles, by transferring from a historical-cost-based accounting to another type of accounting, based on fair values. In this paper I have analyzed the means by which tangible, intangible and financial assets are evaluated, according to the provisions of the international financial reporting standards and of the national regulations. In the conclusion I have attempted to present the evaluation perspectives in Romania.

Suggested Citation

  • Georgescu Cristina Elena, 2014. "Comparative Analysis Regarding Fixed Assets: IAS/IFRS – Romanian Regulations," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 606-611, May.
    • Handle: RePEc:ovi:oviste:v:xiv:y:2014:i:1:p:606-611
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    More about this item

    Keywords

    historical cost; fair value; tangible asset; intangible asset; capital assets;
    All these keywords.

    JEL classification:

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

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