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Disclosure of improvement activities related to tangible assets

Author

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  • S. SCHILLER
  • I. DE BEELDE

Abstract

In times of globalization, harmonization, and increasing competition, striking the proper balance between, at one extreme, flexibility or a true and fair view, and, at the other, comparability or rigidity, is a delicate one. In this article, we argue that maintenance measures may be split into one of the two categories: Value Preserving Maintenance (VPM), or Value Increasing Maintenance (VIM). Given the significance of maintenance expenditures, and that continuous improvement is a key requirement of success in this new environment, then VIM-measurement is a readily understood and valid indicator of management and firm performance. In addition, VIMmeasures give a more true and fair view of the change in wealth of the enterprise than accumulated maintenance expenses that conventionally are treated as income adjustment entries.

Suggested Citation

  • S. Schiller & I. De Beelde, 2003. "Disclosure of improvement activities related to tangible assets," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 03/188, Ghent University, Faculty of Economics and Business Administration.
    • Handle: RePEc:rug:rugwps:03/188
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    File URL: http://wps-feb.ugent.be/Papers/wp_03_188.pdf
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    Cited by:

    1. D. Van den Poel, 2003. "Predicting Mail-Order Repeat Buying. Which Variables Matter?," Review of Business and Economic Literature, KU Leuven, Faculty of Economics and Business (FEB), Review of Business and Economic Literature, vol. 0(3), pages 371-404.

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