Reversible Impairments And Their Impact On The Economic Entity’S Performance

Value adjustment is an instrument designed to cover the present and future risks of economic entities. Adjustments derive from the application of the general principles of accountancy to theacconutancy of economic entities. This article is a presentation of reversible impairments, their identification in accountancy including their influence on the performance of the economic entity, under the provisions of the law.Ttax-payers are trying to move into a favourable position regarding the tax burdens they are subjected to so as to get maximum benefit from the advantages offered by the tax regulations in force, thus we shall include the influence of the reversible impairments under the tax burden imposed by the Romanian government. The main method of research used here is case study, for a better knowledge of the present stage of the theoretical level and the methodological aspects necessary for the identification of the reversible impairments of entities. The connections between taxability and accountancy, the factors generating reversible impairments, and their components are also being presented. The article ends with the authors’ conclusions on the identification, determination and synthetic presentation of the reversible impairments of an entity.