The Model Of Historical Cost And Fair Value In The Context Of National And International Regulations
AbstractThe concept of a true and fair view is representative for the submission of the entities’ financial statements, considering that all other principles are derived and shall be subject to it. Along with the entry into force of Directive IV of the EEC, the financial statements should give a true and fair view on enterprises, and historical cost has been officially considered the main basis of assessment in accounting, the other bases being considered derivative thereof. This step oriented and opened the process of accounting normalization to the capital market, giving priority to the accounting mechanisms based on common law, against the rigorous and exhaustive ones. Our research takes into consideration a quantitative research, by analyzing the reevaluation alternatives of the listed Romanian entities on the Bucharest Stock Exchange, components of the BET index.
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Bibliographic InfoArticle provided by Danubius University of Galati in its journal Euroeconomica.
Volume (Year): (2010)
Issue (Month): 24 (March)
historical cost; fair value; tangible assets;
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- Partenie Dumbravă & Márton Albert & Csősz Csongor, 2012. "Tangible Assets Revaluation And The Fair View," Revista Tinerilor Economisti (The Young Economists Journal), University of Craiova, Faculty of Economics and Business Administration, vol. 1(18), pages 50-61, April.
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