publication . Article . 2016

THE TRANSITION FROM HISTORICAL COST TO FAIR-VALUE, A CHOICE WITH MAJOR IMPLICATIONS IN ACCOUNTING

ILIE RĂSCOLEAN; ILEANA-SORINA RAKOS;
Open Access English
  • Published: 01 Oct 2016 Journal: Annals of the University of Petrosani: Economics (issn: 1582-5949, eissn: 2247-8620, Copyright policy)
  • Publisher: University of Petrosani
Abstract
This paper treats the importance of the transition from valuation at historical cost to valuation at fair value of the assets within an economic entity, and the contents of the result obtained in financial reporting. The work deals with the influence that the fair value assessment can have on the level of an entity’s economic performance. Starting from a few statements such as: fair value option evaluation to influence significantly the fair value; presentation of the elements on the balance sheet at fair value leads to significant changes in the accounting of the economic entities, in data analysis was used a questionnaire based on the four questions whose resu...
Subjects
free text keywords: historical cost, creation of value, assessment, fair view, accounting principles, accounting rules, financial situations, fair amount, Economic theory. Demography, HB1-3840, Economics as a science, HB71-74

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