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ActuArial Accounting – A Branch of the Financial Accounting

Author

Listed:
  • Gheorghe V. Lepadatu
  • Doina Maria Tilea

    () ("Dimitrie Cantemir" Christian University)

Abstract

The opening of the accounting to the actuarial calculation is a normal consequence of its evolutive spirit. At the origin of the international accounting standards lies the framework for preparing, presenting and disclosing the financial statements. The framework stays as a reference matrix, as a standard of standards, as a constitution of financial accounting. According to the international framework, the financial statements use different evaluation bases: the historical cost, the current cost, the realizable (settlement) value, the present value (the present value of cash flows). Choosing the evaluation basis and the capital maintenance concept will eventually determine the accounting evaluation model used in preparing the financial statements of a company.

Suggested Citation

  • Gheorghe V. Lepadatu & Doina Maria Tilea, 2010. "ActuArial Accounting – A Branch of the Financial Accounting," Knowledge Horizons - Economics, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 2(1), pages 64-79, March.
  • Handle: RePEc:khe:journl:v:2:y:2010:i:1:p:64-79
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    References listed on IDEAS

    as
    1. Florina Bran, 2007. "Considerations Regarding the Decoupling Thesis under Conditions of Demographic Growth and Industrialization," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 12(12(517)), pages 23-28, December.
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    More about this item

    Keywords

    Actuarial accounting; current costs; fair value accounting; present value; framework; realizable (settlement) value;

    JEL classification:

    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General

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