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Accounting, Analysis And Auditing Of Information Regarding Tangible Assets In The Romanian Economic Entities

Author

Listed:
  • LuminiÈ›a Rus
  • Marioara BeleneÈ™i
  • Dana Simona Gherai

Abstract

Unlike the companieswho are incorporated with the purpose of obtainingprofit, the non-profit organizations and public institutions are functioning based on varioussources of funding. The present work aims at the recognition in the accounts of the fixed assetsamounted to those three types of entities. In this process we have started to study the accountingrules applicable to these entities, as well as specialized works of recent date. The aspects studiedand presented with regard to the definition, initial evaluation and subsequent evaluation werefollowed by a comparison of their types for the entities subject to study, and then present acomparative statement of recording in the accounts of major operations relating to the fixedassets. Finally, we present some information regarding the indicators of financial and economicanalysis that uses the value of the fixed assets and some aspects which are examined by theauditor in his objective opinion regarding the tangible assets. It may be noted that tangibleassets occupies an important place in the life of an entity and that the reflection of them in theiraccounting provides the same information, even though the accounting formulas used aredifferent. But what makes the difference in accounting is closely related to the specific of theeconomic entity analyzed and the information they must submit to users of accountinginformation.

Suggested Citation

  • LuminiÈ›a Rus & Marioara BeleneÈ™i & Dana Simona Gherai, 2016. "Accounting, Analysis And Auditing Of Information Regarding Tangible Assets In The Romanian Economic Entities," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 2(18), pages 1-6.
  • Handle: RePEc:alu:journl:v:2:y:2016:i:18:p:6
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    1. repec:cbu:jrnlec:y:2017:v:3:p:75-82 is not listed on IDEAS

    More about this item

    Keywords

    tangible assets; fixed assets; non-current assets; rules of evaluation; principles ofaccounting;

    JEL classification:

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

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