IDEAS home Printed from https://ideas.repec.org/a/ntu/ntugeo/vol5-iss2-17-103.html
   My bibliography  Save this article

National and International Norms on Accounting Policies and Procedures Applicable to Amortizable Tangible Fixed Assets. Impact on Patrimonial Result

Author

Listed:
  • NICOLETA CRISTINA MATEI

    (Nicolae Titulescu University Calea Văcăreşti, No. 185, 4th District, Bucharest ROMANIA)

  • CANTEMIR RĂZVAN MATEI

    (The Valahia University of Târgovişte The Institution Organizing University Doctoral Studies Lt. Stancu Ion Street, No.35, Building D, Târgovişte, Dâmbovița County ROMANIA)

  • LUMINIŢA HORHOTĂ

    (Finance, Credit, Accounting Departament Romanian-American University Expoziției Boulevard No. 1B, 1st District, Bucharest ROMANIA)

Abstract

Choosing the accounting policies on amortizable tangible fixed assets influences the value of certain indicators in financial reports, namely the balance sheet or the patrimonial result account. The decisions regarding accounting policies have a direct influence on the value of the tangible fixed assets in the balance sheet and an indirect one on the result of a public institution. The result of the institution is influenced by the amortization expenses, the expenses on the depreciation of tangible fixed assets and, possibly, the revenues from resuming the depreciation of the tangible fixed assets. The ratio of the indicators mentioned at a certain point, as well as their trend is particularly important for the users of such information. The work presents a parallel between the provisions of the national norms on the organization and conduct of accounting in public institutions and the International Public Sector Accounting Standards referring to the accounting policies applicable to amortizable tangible fixed assets. Furthermore, the paper describes the manner in which choosing a method, rule on tangible fixed assets influences the result of a public institution.

Suggested Citation

  • Nicoleta Cristina Matei & Cantemir Răzvan Matei & Luminiţa Horhotă, 2017. "National and International Norms on Accounting Policies and Procedures Applicable to Amortizable Tangible Fixed Assets. Impact on Patrimonial Result," Global Economic Observer, "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences;Institute for World Economy of the Romanian Academy, vol. 5(2), pages 103-112, December.
    • Handle: RePEc:ntu:ntugeo:vol5-iss2-17-103
    as

    Download full text from publisher

    File URL: http://www.globeco.ro/wp-content/uploads/vol/split/vol_5_no_2/geo_2017_vol5_no2_art_013.pdf
    File Function: First version, 2017
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Ileana Cosmina PITULICE, 2013. "Accrual Accounting Adoption In The Romanian Public Sector," Romanian Statistical Review, Romanian Statistical Review, vol. 61(1), pages 66-76, February.
    2. Elena CIUCUR & Mariana GURAU, 2012. "The Role Of Accounting And Fiscal Policies In The Relations Between Accounting And Fiscality," Business&Leadership, Scientific Society of Management from Romania, vol. 2(10), pages 75-84, March.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Mariana Gurău & Maria Zenovia Grigore, 2020. "Empirical Study about Prudence and Aggressivity in Valuation," Global Economic Observer, "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences;Institute for World Economy of the Romanian Academy, vol. 8(1), pages 63-67, May.
    2. Natalita-Mihaela Lesconi-Frumusanu & Adela Breuer & Mihaela Martin, 2013. "The Role Of Accounting Procedures In Writing /Implementing European Projects," Studies and Scientific Researches. Economics Edition, "Vasile Alecsandri" University of Bacau, Faculty of Economic Sciences, issue 18.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ntu:ntugeo:vol5-iss2-17-103. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Stefan Ciucu (email available below). General contact details of provider: https://edirc.repec.org/data/feuntro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.