ISSN: 2225-8329
Open access
As far as the public domain is concerned, the necessity for decreasing the differences between national and international accounting standards generated the need for an accounting harmonization. The purpose of this harmonization is to achieve the comparability of information from public institutions, in other words, to decrease the differences between countries regarding the evaluation and recordings in accounting, regarding the evaluation of patrimony, of the achievements and financial position. The preference for a specific accounting policy is determined by the need to illustrate an accurate financial situation and performance. Therefore, it is necessary to select an optimal accounting policy for the evaluation of fixed tangible assets as well, a policy that provides the relevant, prudent and complete information under all significant aspects through the means of financial situations.
Chi?u, A. G. (2010) Councelor – public institutions accounting, Rentrop & Straton Publishing House, Bucharest , 2010.
Dasc?lu, C. (2006) The convergence of public accounting in Romania to the international public sector accounting standards, C.E.C.C.A.R. Publishing House, Bucharest.
I. F. A. C. (2009) International Public Sector Accounting Standards Textbook vol.I and II, C.E.C.C.A.R. Publishing House, Bucharest.
Tenovici, C. O. (2013) National and international in public institutions accounting, Sitech Publishing House, Craiova.
Accounting Law no. 82. (1991) , republished, Official Gazette of Romania, Part I, no. 454/18 June 2008.
O.M.F.P. no. 1917. (2005) on approving the Methodological Norms regarding the organization and management of public institutions accounting, chart of accounts for public institutions and its implementing instructions published in the Official Gazette nr.1186/29.12.2005.
In-Text Citation: (Tenovici, 2013)
To Cite this Article: Tenovici, C. O. (2013). The Evaluation Subsequent to the Recognition of Fixed Tangible Assets for Public Institutions – Method Based on Cost. International Journal of Academic Research in Accounting Finance and Management Sciences, 3(2), 26–38.
Copyright: © 2021 The Author(s)
Published by HRMARS (www.hrmars.com)
This article is published under the Creative Commons Attribution (CC BY 4.0) license. Anyone may reproduce, distribute, translate and create derivative works of this article (for both commercial and non-commercial purposes), subject to full attribution to the original publication and authors. The full terms of this license may be seen at: http://creativecommons.org/licences/by/4.0/legalcode