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Accounting And Fiscal Policies Regarding The Treatment Of Assets’ Depreciation – National And International


  • Mariana MAN

    () (University of Petrosani)

  • Ioan Constantin DIMA

    (“Valahia” University of Târgoviste)

  • Valentina MINEA

    (“Valahia” University of Târgoviste)


A large part of fixed assets depreciate with time, a fact that requires their replacement, usually, through amortization. Amortization appears as a value equivalent of the irreversible deterioration of an asset as a result of its functioning, of the effects of natural factors, of technical progress and of other causes. A part of the assets, whose use is temporally unlimited, as, for example, lands and financial investments, is not amortized; a possible depreciation of them is covered through adjustments (provisions). Accordingly, maintenance self-financing has an important consequence upon the performance of an economic entity; it includes amortization that provides the renewal of the fixed assets that are out of use and the depreciation or loss of value adjustments of active elements and provisions .

Suggested Citation

  • Mariana MAN & Ioan Constantin DIMA & Valentina MINEA, 2011. "Accounting And Fiscal Policies Regarding The Treatment Of Assets’ Depreciation – National And International," Internal Auditing and Risk Management, Athenaeum University of Bucharest, vol. 30(2(22)), pages 32-48, June.
  • Handle: RePEc:ath:journl:tome:22:v:2:y:2011:i:22:p:32-48

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    More about this item


    accounting amortization; fiscal amortization; adjustment; depreciation; value loss; international accounting standard;

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • H30 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - General


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