THE ACCOUNTING TREATMENT OF ASSET DEPRECIATION AND THE IMPACT ON RESULT
The users of the financial statements have long been limited to perusing the loss and profit account to find out information about the accounting result. It has been considered the most significant indicator to measure the performance of a company, without taking into account, however, the relevanc...
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doaj-240f108b26b44388acdeeac48885490e2020-11-25T01:23:54ZengUniversity of PetrosaniAnnals of the University of Petrosani: Economics1582-59492247-86202013-12-01XIII2271280THE ACCOUNTING TREATMENT OF ASSET DEPRECIATION AND THE IMPACT ON RESULTMARILENA ROXANA ZUCA0Romanian-American University, Bucharest, RomaniaThe users of the financial statements have long been limited to perusing the loss and profit account to find out information about the accounting result. It has been considered the most significant indicator to measure the performance of a company, without taking into account, however, the relevance of such information. The accounting result is the result of the free choice on accounting policies of companies and leads to an increase or decrease of this result. It is difficult to select the most relevant policy of the multiple accounting policies provided by the International Financial Reporting Standards with impact on a company’s financial performance. Such various accounting practices make an accurate evaluation of the performance and financial situation of companies of different nationalities difficult. It is certain, though, that different accounting solutions used for re-evaluations, amortizations and adjustments lead to different financial results for identical exploitation conditions.http://www.upet.ro/annals/economics/pdf/2013/part2/Zuca-2.pdfdepreciationamortizationadjustmentself-financing |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
MARILENA ROXANA ZUCA |
spellingShingle |
MARILENA ROXANA ZUCA THE ACCOUNTING TREATMENT OF ASSET DEPRECIATION AND THE IMPACT ON RESULT Annals of the University of Petrosani: Economics depreciation amortization adjustment self-financing |
author_facet |
MARILENA ROXANA ZUCA |
author_sort |
MARILENA ROXANA ZUCA |
title |
THE ACCOUNTING TREATMENT OF ASSET DEPRECIATION AND THE IMPACT ON RESULT |
title_short |
THE ACCOUNTING TREATMENT OF ASSET DEPRECIATION AND THE IMPACT ON RESULT |
title_full |
THE ACCOUNTING TREATMENT OF ASSET DEPRECIATION AND THE IMPACT ON RESULT |
title_fullStr |
THE ACCOUNTING TREATMENT OF ASSET DEPRECIATION AND THE IMPACT ON RESULT |
title_full_unstemmed |
THE ACCOUNTING TREATMENT OF ASSET DEPRECIATION AND THE IMPACT ON RESULT |
title_sort |
accounting treatment of asset depreciation and the impact on result |
publisher |
University of Petrosani |
series |
Annals of the University of Petrosani: Economics |
issn |
1582-5949 2247-8620 |
publishDate |
2013-12-01 |
description |
The users of the financial statements have long been limited to perusing the loss and profit account to find out information about the accounting result. It has been considered the most significant indicator to measure the performance of a company, without
taking into account, however, the relevance of such information. The accounting result is the result of the free choice on accounting policies of companies and leads to an increase or decrease of this result. It is difficult to select the most relevant policy of the multiple accounting policies provided by the International Financial Reporting Standards with impact on a company’s financial performance. Such various accounting practices make an accurate evaluation of the performance and financial situation of companies of different nationalities difficult. It is certain, though, that different accounting solutions used for re-evaluations, amortizations and adjustments lead to different financial results for identical exploitation conditions. |
topic |
depreciation amortization adjustment self-financing |
url |
http://www.upet.ro/annals/economics/pdf/2013/part2/Zuca-2.pdf |
work_keys_str_mv |
AT marilenaroxanazuca theaccountingtreatmentofassetdepreciationandtheimpactonresult AT marilenaroxanazuca accountingtreatmentofassetdepreciationandtheimpactonresult |
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1725120114983960576 |