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The Differences Between Revaluation and Assets Impairment

Author

Listed:
  • BOBIÈšAN Nicolae

    (West University Of Timisoara)

  • DUMITRESCU Diana

    (West University Of Timisoara)

  • COSTULEANU Carmen

    (West University Of Timisoara)

Abstract

Impairment and revaluation are terms closely related to one another, with subtle differences. Revaluation and impairment both require the company to evaluate the assets for their fair value, and then take appropriate action in updating the accounting books. The major difference between the two is that a revaluation can be made upwards (to increase the value of the asset to market value) or downwards (to ecrease the value). An impairment, on the other hand, only refers to one of the two; a fall in the market value which is then written down. The purpose of the paper is to establish what are the differences between revaluation and impairment of assets.

Suggested Citation

  • BOBIÈšAN Nicolae & DUMITRESCU Diana & COSTULEANU Carmen, 2013. "The Differences Between Revaluation and Assets Impairment," Anale. Seria Stiinte Economice. Timisoara, Faculty of Economics, Tibiscus University in Timisoara, vol. 0, pages 64-72, May.
    • Handle: RePEc:tdt:annals:v:xix:y:2013:p:64-72
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    File URL: http://fse.tibiscus.ro/anale/Lucrari2013/Lucrari_vol_XIX_2013_010.pdf
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    More about this item

    Keywords

    revaluation; impairment; fair value; carrying value; fixed assets;
    All these keywords.

    JEL classification:

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

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