HARMONIZATION, HISTORICAL COST AND INVESTMENTS

Article English OPEN
Valentin Gabriel CRISTEA (2016)
  • Publisher: Nicolae Titulescu University Publishing House
  • Journal: Challenges of the Knowledge Society (issn: 2068-7796, eissn: 2068-7796)
  • Subject: Harmonization | historical cost | investments | fair value. | Social sciences (General) | H1-99

Choosing depreciation of assets; revaluation of tangible or keeping their historical cost; registration, whilst the tangible assets are entered in the conservation of amortization expenses or a corresponding adjustment to depreciation expense ascertained; choosing the method of evaluating stocks is accounting policies. IAS 40 is significant because it was the first time the International Accounting Standards Board has introduced a fair value accounting model for non-financial assets. All firms must provide fair value for their real estate assets either directly in the balance sheet in accordance with the fair value model choice, either in the footnotes below cost model selection.
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