Publication: Accounting considerations on the evaluation and reevaluation of non-current assets
Date
Journal Title
Journal ISSN
Volume Title
Publisher
ASEM
Abstract
Description
MIHALCIUC, Camelia, COSMULESE, Cristina Gabriela, ŢĂRAN, Simona, DANELIUC, Raluca Ionela. Accounting considerations on the evaluation and reevaluation of non-current assets. In: Prospects of accounting development: the young researcher's view [online]: international scientific student conference, November 22, 2017: Collection of articles. Chişinău: ASEM, 2018, pp. 72-78. ISBN 978-9975-75-895-6.
A non-current asset, like any other asset of an economic entity, must be valued to be recorded in the current accounting and, respectively, for recognition in the annual financial statements. Thus, the valuation determines the values at which the patrimonial items will be recognized in the annual financial statements. For evaluation purposes, will be taken in account first of all, the general evaluation rules, the main moments when this evaluation process takes place, this assuming the choice of a particular assessment base. All these considerations have been the main objective of the topic addressed, taking into account also, as in this paper to present the main aspects regarding the initial evaluation and the subsequent evaluation of the non-current assets, both theoretically and applicative, with the compliance of the accounting provisions given by OMFP 1802/2014. JEL:M 41
A non-current asset, like any other asset of an economic entity, must be valued to be recorded in the current accounting and, respectively, for recognition in the annual financial statements. Thus, the valuation determines the values at which the patrimonial items will be recognized in the annual financial statements. For evaluation purposes, will be taken in account first of all, the general evaluation rules, the main moments when this evaluation process takes place, this assuming the choice of a particular assessment base. All these considerations have been the main objective of the topic addressed, taking into account also, as in this paper to present the main aspects regarding the initial evaluation and the subsequent evaluation of the non-current assets, both theoretically and applicative, with the compliance of the accounting provisions given by OMFP 1802/2014. JEL:M 41
Keywords
non/current assets, evaluation, reevaluation, depreciation