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The Model Of Historical Cost And Fair Value In The Context Of National And International Regulations


  • Nicoleta Maria CIOARA

    () (Babes-Bolyai University, Faculty of Economics and Business Administration Cluj-Napoca, Romania)

  • Adriana Tiron TUDOR

    () (Babes-Bolyai University, Faculty of Economics and Business Administration Cluj-Napoca, Romania)


The 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.

Suggested Citation

  • Nicoleta Maria CIOARA & Adriana Tiron TUDOR, 2010. "The Model Of Historical Cost And Fair Value In The Context Of National And International Regulations," EuroEconomica, Danubius University of Galati, issue 24, pages 91-98, March.
  • Handle: RePEc:dug:journl:y:2010:i:24:p:91-98

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    Cited by:

    1. CSÅ SZ Csongor, 2013. "Tangible Assets Revaluation Policy At Listed Entities On the Bucharest Stock Exchange - Tier I," Anale. Seria Stiinte Economice. Timisoara, Faculty of Economics, Tibiscus University in Timisoara, vol. 0, pages 174-181, May.
    2. 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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    historical cost; fair value; tangible assets;


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