ACCOUNTING AND FISCAL POLICIES REGARDING THE TREATMENT OF ASSETS’ DEPRECIATION – NATIONAL AND INTERNATIONAL
Published: 2011-01-01
Volume: No 22 - June 2011
Pages: 36|52
Authors
- Professor Mariana
- Professor Ioan
Abstract
A large part of fixed assets depreciate with time, a fact that requires their replacement, usually, through amortization. Amortization appears as a value equivalent of the irreversible deterioration of an asset as a result of its functioning, of the effects of natural factors, of technical progress and of other causes. A part of the assets, whose use is temporally unlimited, as, for example, lands and financial investments, is not amortized; a possible depreciation of them is covered through adjustments (provisions). Accordingly, maintenance self-financing has an important consequence upon the performance of an economic entity; it includes amortization that provides the renewal of the fixed assets that are out of use and the depreciation or loss of value adjustments of active elements and provisions.
Keywords: accounting amortization, fiscal amortization, adjustment, depreciation, value loss, international accounting standard
Cite this article
APA: Professor Mariana, Professor Ioan (2011). ACCOUNTING AND FISCAL POLICIES REGARDING THE TREATMENT OF ASSETS’ DEPRECIATION – NATIONAL AND INTERNATIONAL. Internal Auditing & Risk Management, Vol. 22, No. 22, pp. 36-52.
BibTeX:
@article{professormariana2011487,
title = {ACCOUNTING AND FISCAL POLICIES REGARDING THE TREATMENT OF ASSETS’ DEPRECIATION – NATIONAL AND INTERNATIONAL},
author = {Professor Mariana and Professor Ioan},
journal = {Internal Auditing & Risk Management},
year = {2011},
volume = {22},
pages = {36----52},
doi = {}
}