Issues Of Accounting Recognition And Valuation Of Long-Term Assets Under International Financial Reporting Standards (Ifrs)

This study analyzes the accounting recognition and valuation of long-term assets underInternational Financial Reporting Standards (IFRS) and assesses their impact on financial reporting quality.Long-term assets, including property, plant and equipment, intangible assets, and investment property, representa substantial share of enterprise resources and significantly influence financial position and performance. IFRSestablishes principles-based recognition criteria and permits alternative valuation models, which enhancetransparency but also increase reliance on professional judgment.The research is based on a qualitative and analytical review of relevant IFRS standards and recent academicliterature, supported by comparative analysis of cost-based and fair value-based measurement approaches.The results show that IFRS improves consistency in asset recognition and comparability of financial statementsover time. However, valuation challenges remain pronounced, particularly for intangible assets and investmentproperty, due to estimation uncertainty and limited market data. The study also highlights the importanceof high-quality disclosures in reducing subjectivity and improving decision usefulness. Overall, the findingsconfirm that effective IFRS implementation depends on consistent application, sound valuation practices, andtransparent disclosures.