INVENTORIES MEASUREMENT – BETWEEN PRUDENCE AND NONPRUDENCE
In accounting, measurement is the process used to determine the value at which the items of financial statements are recognized in accounting and presented in the balance sheet and in the profit and loss account. Starting from the importance of measurement in accounting, the first study object...
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Academica Brâncuşi
2010-12-01
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Series: | Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie |
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Online Access: | http://www.utgjiu.ro/revista/ec/pdf/2010-04.II/19_IULIA_JIANU.pdf |
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doaj-32529c2eda184f38a0961d8a336e108c2020-11-24T23:47:29ZengAcademica BrâncuşiAnalele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie 1844-70071844-70072010-12-0124 180 195 INVENTORIES MEASUREMENT – BETWEEN PRUDENCE AND NONPRUDENCEIulia JIANU0Cristina Venera GEAMBAŞU1Ionel JIANU 2Bucharest Academy of Economic Studies Bucharest Academy of Economic Studies Bucharest Titu Maiorescu University In accounting, measurement is the process used to determine the value at which the items of financial statements are recognized in accounting and presented in the balance sheet and in the profit and loss account. Starting from the importance of measurement in accounting, the first study objective in this paper brings in the center of discussion the inventories measurement with the purpose to identify the main methods for inventories measurement at exit used by the economic entities listed on EuroNext Paris Exchange Stock. In the present context, when the financial crisis is still felt in the EU countries is important to note the extent to which economic entities demonstrate prudence in accounting by taking into consideration the inventories impairment at balance sheet date. Compliance with the prudence principle to integrate uncertainty in accounting measurement has the purpose to avoid the risk to transfer in the future periods the present uncertainties that are likely to strike the economic entity. One of the main consequences of this principle is to make impairments for inventories. Therefore the second objective of the present paper is to reflect the extent to which the entities under study record impairments for inventories at balance sheet date, as well as to highlight the manner in which is disclosed the information regarding the way the net realizable value can be calculated. http://www.utgjiu.ro/revista/ec/pdf/2010-04.II/19_IULIA_JIANU.pdfIAS 2inventories measurementprudence in accountinginventories impairmentnet realizable value |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Iulia JIANU Cristina Venera GEAMBAŞU Ionel JIANU |
spellingShingle |
Iulia JIANU Cristina Venera GEAMBAŞU Ionel JIANU INVENTORIES MEASUREMENT – BETWEEN PRUDENCE AND NONPRUDENCE Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie IAS 2 inventories measurement prudence in accounting inventories impairment net realizable value |
author_facet |
Iulia JIANU Cristina Venera GEAMBAŞU Ionel JIANU |
author_sort |
Iulia JIANU |
title |
INVENTORIES MEASUREMENT – BETWEEN PRUDENCE AND NONPRUDENCE |
title_short |
INVENTORIES MEASUREMENT – BETWEEN PRUDENCE AND NONPRUDENCE |
title_full |
INVENTORIES MEASUREMENT – BETWEEN PRUDENCE AND NONPRUDENCE |
title_fullStr |
INVENTORIES MEASUREMENT – BETWEEN PRUDENCE AND NONPRUDENCE |
title_full_unstemmed |
INVENTORIES MEASUREMENT – BETWEEN PRUDENCE AND NONPRUDENCE |
title_sort |
inventories measurement – between prudence and nonprudence |
publisher |
Academica Brâncuşi |
series |
Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie |
issn |
1844-7007 1844-7007 |
publishDate |
2010-12-01 |
description |
In accounting, measurement is the process
used to determine the value at which the
items of financial statements are recognized
in accounting and presented in the balance
sheet and in the profit and loss account.
Starting from the importance of measurement
in accounting, the first study objective in this
paper brings in the center of discussion the
inventories measurement with the purpose to
identify the main methods for inventories
measurement at exit used by the economic
entities listed on EuroNext Paris Exchange
Stock. In the present context, when the
financial crisis is still felt in the EU countries
is important to note the extent to which
economic entities demonstrate prudence in
accounting by taking into consideration the
inventories impairment at balance sheet date.
Compliance with the prudence principle to
integrate uncertainty in accounting
measurement has the purpose to avoid the
risk to transfer in the future periods the
present uncertainties that are likely to strike
the economic entity. One of the main
consequences of this principle is to make
impairments for inventories. Therefore the
second objective of the present paper is to
reflect the extent to which the entities under
study record impairments for inventories at
balance sheet date, as well as to highlight the
manner in which is disclosed the information
regarding the way the net realizable value
can be calculated. |
topic |
IAS 2 inventories measurement prudence in accounting inventories impairment net realizable value |
url |
http://www.utgjiu.ro/revista/ec/pdf/2010-04.II/19_IULIA_JIANU.pdf |
work_keys_str_mv |
AT iuliajianu inventoriesmeasurementbetweenprudenceandnonprudence AT cristinavenerageambasu inventoriesmeasurementbetweenprudenceandnonprudence AT ioneljianu inventoriesmeasurementbetweenprudenceandnonprudence |
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