COMPARATIVE STUDY ON ACCOUNTING AND FISCAL AMORTIZATION
Placed in the international trend, Romanian accounting had experienced various changes, especially as regards of progress on disconnection between accounting and fiscality. In the present, fiscal rules should not have any role in accounting decisions, because accounting rules are applied to produce...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Nicolae Titulescu University Publishing House
2012-05-01
|
| Series: | Challenges of the Knowledge Society |
| Subjects: | |
| Online Access: | http://cks.univnt.ro/uploads/cks_2012_articles/index.php?dir=02_economics%2F&download=cks_2012_economics_art_042.pdf |
| _version_ | 1819113748433993728 |
|---|---|
| author | MARIANA GURAU MARIA ZENOVIA GRIGORE |
| author_facet | MARIANA GURAU MARIA ZENOVIA GRIGORE |
| author_sort | MARIANA GURAU |
| collection | DOAJ |
| description | Placed in the international trend, Romanian accounting had experienced various changes, especially as regards of progress on disconnection between accounting and fiscality. In the present, fiscal rules should not have any role in accounting decisions, because accounting rules are applied to produce accounting information that is useful in making decisions and to provide a "true and fair view" upon financial reality of the entity. However, the barrier in the habit of accounting to thinking for fiscal point of view all economic transactions remains insurmountable, yet. Starting from this perspective on disconnection between accounting and fiscality would mean that amortization recorded in the accounting, as a result of management policy, to be different from fiscality amortization, to calculate income tax. Although formally accepted, disconnect between accounting and fiscality continues to meet many difficulties. In this sense, it is usual in practice to use the same method of amortization for accounting purposes and for fiscal purposes to prevent complications of double track amortization and prevent wandering in the rules in this field. Accounting rule is deliberately eluded in favor of the fiscal rules. This is the reason we proposed to make in this paper a comparative study between norms and rules on accounting and fiscal amortization, paper in which we intend to show the benefits of applying accounting and fiscal rules separately. |
| first_indexed | 2024-12-22T04:34:20Z |
| format | Article |
| id | doaj.art-0b444c416a2b42819d43b6b93e4c7db0 |
| institution | Directory Open Access Journal |
| issn | 2068-7796 |
| language | English |
| last_indexed | 2024-12-22T04:34:20Z |
| publishDate | 2012-05-01 |
| publisher | Nicolae Titulescu University Publishing House |
| record_format | Article |
| series | Challenges of the Knowledge Society |
| spelling | doaj.art-0b444c416a2b42819d43b6b93e4c7db02022-12-21T18:38:55ZengNicolae Titulescu University Publishing HouseChallenges of the Knowledge Society2068-77962012-05-012-15851591COMPARATIVE STUDY ON ACCOUNTING AND FISCAL AMORTIZATIONMARIANA GURAUMARIA ZENOVIA GRIGOREPlaced in the international trend, Romanian accounting had experienced various changes, especially as regards of progress on disconnection between accounting and fiscality. In the present, fiscal rules should not have any role in accounting decisions, because accounting rules are applied to produce accounting information that is useful in making decisions and to provide a "true and fair view" upon financial reality of the entity. However, the barrier in the habit of accounting to thinking for fiscal point of view all economic transactions remains insurmountable, yet. Starting from this perspective on disconnection between accounting and fiscality would mean that amortization recorded in the accounting, as a result of management policy, to be different from fiscality amortization, to calculate income tax. Although formally accepted, disconnect between accounting and fiscality continues to meet many difficulties. In this sense, it is usual in practice to use the same method of amortization for accounting purposes and for fiscal purposes to prevent complications of double track amortization and prevent wandering in the rules in this field. Accounting rule is deliberately eluded in favor of the fiscal rules. This is the reason we proposed to make in this paper a comparative study between norms and rules on accounting and fiscal amortization, paper in which we intend to show the benefits of applying accounting and fiscal rules separately.http://cks.univnt.ro/uploads/cks_2012_articles/index.php?dir=02_economics%2F&download=cks_2012_economics_art_042.pdftrue and fair viewfiscal amortizationlinear amortizationdisconnect between accounting and fiscality |
| spellingShingle | MARIANA GURAU MARIA ZENOVIA GRIGORE COMPARATIVE STUDY ON ACCOUNTING AND FISCAL AMORTIZATION Challenges of the Knowledge Society true and fair view fiscal amortization linear amortization disconnect between accounting and fiscality |
| title | COMPARATIVE STUDY ON ACCOUNTING AND FISCAL AMORTIZATION |
| title_full | COMPARATIVE STUDY ON ACCOUNTING AND FISCAL AMORTIZATION |
| title_fullStr | COMPARATIVE STUDY ON ACCOUNTING AND FISCAL AMORTIZATION |
| title_full_unstemmed | COMPARATIVE STUDY ON ACCOUNTING AND FISCAL AMORTIZATION |
| title_short | COMPARATIVE STUDY ON ACCOUNTING AND FISCAL AMORTIZATION |
| title_sort | comparative study on accounting and fiscal amortization |
| topic | true and fair view fiscal amortization linear amortization disconnect between accounting and fiscality |
| url | http://cks.univnt.ro/uploads/cks_2012_articles/index.php?dir=02_economics%2F&download=cks_2012_economics_art_042.pdf |
| work_keys_str_mv | AT marianagurau comparativestudyonaccountingandfiscalamortization AT mariazenoviagrigore comparativestudyonaccountingandfiscalamortization |