The Journal of Accounting and Management, Vol 1, No 2 (2011)

Abstract

This article aims to present the principles of international accounting standards and regulations on how Romanian accepted recognition of assets in financial reports.Company's financial reports include financial statements and other statements / reports of the directors.At the same time, it will insist on base / type of value that can be used by evaluators to harmonize concepts and especially the bases of valuation for balance sheet recognition of assets.Currently identity is observed near or approaches of International Financial Reporting Standards (IFRS, formerly IAS) on the property valuation of assets of the optical approach the International Valuation Standards (IVS) and the European Valuation Standards (EVS). Addresses IFRS measurement bases in the context of recognition of the various categories of assets and recording their correspondent accounts.