Options For The Assessment Of Items Of Financial Statements At National, European And International Level
The main purpose of evaluation is to determine the financial position and the outcome of the entity’s activity. With the intensification of the phenomena of globalization of economies and financial markets and the emergence of phenomena such as inflation, it began to be more often used the assessment based on the current value and, in particular, on the fair value. The users of the financial statements must always be taken into when selecting a basis of evaluation. Internationally, we can observe the tendency that, by the use of a certain bases of evaluation, to respond favourably to the needs of a various range of users; a balance must be assured between the relevance of the information (their usefulness in decision-making) and their reliability (their objectivity).
Year of publication: |
2010
|
---|---|
Authors: | Samara, Silvia |
Published in: |
Annals of the University of Petrosani, Economics. - University of Petrosani, Romania. - Vol. 10.2010, 4, p. 297-308
|
Publisher: |
University of Petrosani, Romania |
Subject: | evaluation | financial statements | fair value | historical cost | net value of achievement | estimation techniques | IASB | European Directives |
Saved in:
freely available
Saved in favorites
Similar items by subject
-
Estimation and valuation in accounting
IONESCU, Cicilia, (2014)
-
The Influence of Accounting Policies over the Entities’ Result
Ţinta, Alice Emilia, (2013)
-
Estimation and valuation in accounting
IONESCU, Cicilia, (2014)
- More ...