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Accounting Policies And Treatments Of Contingent Assets And Liabilities In Public Institutions


  • Iuliana Cenar

    (‘1 Decembrie 1918‘ University of Alba Iulia)


This paper aims to approach an issue that is less common in public institutions,namely the accounting policies and the accounting treatments of contingent assets andliabilities with the goal of sustaining the quality and completeness of financial accountinginformation, being a culture oriented towards the constant improvement of informationquality, without limits to regulating prescriptions. The approached aspects are the following:the role of accounting policies, having as a reference system the accounting standards/rulesand the professional reasoning; the need for specific accounting policies; theconceptualization and features of contingent assets and liabilities; the theoreticalcircumstances in which they are recognized, evaluated and presented in notes to the financialstatements; the potential scenarios for the practical applicability of theoretical foundationsregarding these probable, uncertain ‘elements‘ in public institutions.

Suggested Citation

  • Iuliana Cenar, 2011. "Accounting Policies And Treatments Of Contingent Assets And Liabilities In Public Institutions," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 2(13), pages 1-5.
  • Handle: RePEc:alu:journl:v:2:y:2011:i:13:p:5

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    References listed on IDEAS

    1. Iuliana Georgescu, 2005. "Active si pasive eventuale," Analele Stiintifice ale Universitatii "Alexandru Ioan Cuza" din Iasi - Stiinte Economice, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 50, pages 115-119, November.
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    More about this item


    contingent assets; contingent liabilities; accounting policies; probability; risk assessment;

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting


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