The Importance and Necessity of Heritage Evaluation
Valuation in accounting has gained considerable importance lately due to the fact that the value obtained as a result of this assessment can be the basis for positive results in the financial statements, which can lead to dividends or the sale of the company to potential investors. For this, the...
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| Format: | Article |
| Language: | English |
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Ovidius University Press
2022-12-01
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| Series: | Ovidius University Annals: Economic Sciences Series |
| Subjects: | |
| Online Access: | https://stec.univ-ovidius.ro/html/anale/RO/2022-issue2/Section%205/27.pdf |
| _version_ | 1797900400239575040 |
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| author | Mircea-Iosif Rus |
| author_facet | Mircea-Iosif Rus |
| author_sort | Mircea-Iosif Rus |
| collection | DOAJ |
| description | Valuation in accounting has gained considerable importance lately due to the fact that the
value obtained as a result of this assessment can be the basis for positive results in the financial
statements, which can lead to dividends or the sale of the company to potential investors. For this,
the measurement obtained must be a present value or fair value, a market value of the company's
assets. Although there are still some companies that value assets at a historical cost, many other
companies prepare a fair value measurement, as the legislation allows for the existance of a mix
of methods for valuing assets. We cannot say that the valuation at fair value is the best accounting
method but it is increasingly accepted because, after the economic crisis of 2007-2008 as well as
the Sars COV-2 pandemic, it reflects a value close to current reality |
| first_indexed | 2024-04-10T08:45:24Z |
| format | Article |
| id | doaj.art-0578838d8a9e4a3aa4649f4c4298f809 |
| institution | Directory Open Access Journal |
| issn | 2393-3127 |
| language | English |
| last_indexed | 2024-04-10T08:45:24Z |
| publishDate | 2022-12-01 |
| publisher | Ovidius University Press |
| record_format | Article |
| series | Ovidius University Annals: Economic Sciences Series |
| spelling | doaj.art-0578838d8a9e4a3aa4649f4c4298f8092023-02-22T08:42:42ZengOvidius University PressOvidius University Annals: Economic Sciences Series2393-31272022-12-01XXII210101014The Importance and Necessity of Heritage Evaluation Mircea-Iosif Rus 0NIRD URBAN-INCERC Cluj-Napoca Branch Valuation in accounting has gained considerable importance lately due to the fact that the value obtained as a result of this assessment can be the basis for positive results in the financial statements, which can lead to dividends or the sale of the company to potential investors. For this, the measurement obtained must be a present value or fair value, a market value of the company's assets. Although there are still some companies that value assets at a historical cost, many other companies prepare a fair value measurement, as the legislation allows for the existance of a mix of methods for valuing assets. We cannot say that the valuation at fair value is the best accounting method but it is increasingly accepted because, after the economic crisis of 2007-2008 as well as the Sars COV-2 pandemic, it reflects a value close to current realityhttps://stec.univ-ovidius.ro/html/anale/RO/2022-issue2/Section%205/27.pdfvaluationassetshistorical costcurrent costfair value |
| spellingShingle | Mircea-Iosif Rus The Importance and Necessity of Heritage Evaluation Ovidius University Annals: Economic Sciences Series valuation assets historical cost current cost fair value |
| title | The Importance and Necessity of Heritage Evaluation |
| title_full | The Importance and Necessity of Heritage Evaluation |
| title_fullStr | The Importance and Necessity of Heritage Evaluation |
| title_full_unstemmed | The Importance and Necessity of Heritage Evaluation |
| title_short | The Importance and Necessity of Heritage Evaluation |
| title_sort | importance and necessity of heritage evaluation |
| topic | valuation assets historical cost current cost fair value |
| url | https://stec.univ-ovidius.ro/html/anale/RO/2022-issue2/Section%205/27.pdf |
| work_keys_str_mv | AT mirceaiosifrus theimportanceandnecessityofheritageevaluation AT mirceaiosifrus importanceandnecessityofheritageevaluation |