Balancing real estate in budget
The paper discusses the presentation of real estate in the balance sheet, its valuation, posting, write-off from business books in accordance with International Accounting Standards. Tangible assets, consisting of property, plant, equipment and various types of inventories, represent the most signif...
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Center for Economic and Financial Research, Belgrade
2018-01-01
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doaj-91b840fcfb4e401394f8eeb46bd97d3e2020-11-25T02:04:00ZengCenter for Economic and Financial Research, BelgradeOditor2217-401X2683-34762018-01-014117262217-401X1801017LBalancing real estate in budgetLukić Marija0Trandafilović Jelena1Vojska Srbije, BeogradRepublički fond za penzijsko i invalidsko osiguranje, BeogradThe paper discusses the presentation of real estate in the balance sheet, its valuation, posting, write-off from business books in accordance with International Accounting Standards. Tangible assets, consisting of property, plant, equipment and various types of inventories, represent the most significant property category among all users of public revenues. According to international accounting standards, it should be presented in the balance sheet according to the value that is based on market prices of the same or similar property. Therefore, the property is periodically revalued and at the end of each accounting period it is checked whether the carrying amount deviates from the amount that would be received by the sale. Property, plant and equipment are the most significant part of total state assets and are differentiated in the balance sheet from other items at high values.https://scindeks-clanci.ceon.rs/data/pdf/2217-401X/2018/2217-401X1801017L.pdfbalancereal estatebudget |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Lukić Marija Trandafilović Jelena |
spellingShingle |
Lukić Marija Trandafilović Jelena Balancing real estate in budget Oditor balance real estate budget |
author_facet |
Lukić Marija Trandafilović Jelena |
author_sort |
Lukić Marija |
title |
Balancing real estate in budget |
title_short |
Balancing real estate in budget |
title_full |
Balancing real estate in budget |
title_fullStr |
Balancing real estate in budget |
title_full_unstemmed |
Balancing real estate in budget |
title_sort |
balancing real estate in budget |
publisher |
Center for Economic and Financial Research, Belgrade |
series |
Oditor |
issn |
2217-401X 2683-3476 |
publishDate |
2018-01-01 |
description |
The paper discusses the presentation of real estate in the balance sheet, its valuation, posting, write-off from business books in accordance with International Accounting Standards. Tangible assets, consisting of property, plant, equipment and various types of inventories, represent the most significant property category among all users of public revenues. According to international accounting standards, it should be presented in the balance sheet according to the value that is based on market prices of the same or similar property. Therefore, the property is periodically revalued and at the end of each accounting period it is checked whether the carrying amount deviates from the amount that would be received by the sale. Property, plant and equipment are the most significant part of total state assets and are differentiated in the balance sheet from other items at high values. |
topic |
balance real estate budget |
url |
https://scindeks-clanci.ceon.rs/data/pdf/2217-401X/2018/2217-401X1801017L.pdf |
work_keys_str_mv |
AT lukicmarija balancingrealestateinbudget AT trandafilovicjelena balancingrealestateinbudget |
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