The impact of long-lived non-financial assets depreciation/amortization method on financial statements
<p>Non-financial long-lived assets are ones ensuring company’s basic business operations, with expected useful time more than one accounting period, and generating profit. Assets often requiring significant investments constitute also considerable part of companies’ total assets in its stateme...
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| Format: | Article |
| Language: | English |
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Nicolaus Copernicus University in Toruń
2015-12-01
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| Series: | Copernican Journal of Finance & Accounting |
| Subjects: | |
| Online Access: | https://apcz.umk.pl/czasopisma/index.php/CJFA/article/view/8198 |
| _version_ | 1797728266471079936 |
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| author | Ieva Kozlovska |
| author_facet | Ieva Kozlovska |
| author_sort | Ieva Kozlovska |
| collection | DOAJ |
| description | <p>Non-financial long-lived assets are ones ensuring company’s basic business operations, with expected useful time more than one accounting period, and generating profit. Assets often requiring significant investments constitute also considerable part of companies’ total assets in its statements of financial position. In average this proportion in balance sheets of Latvian companies listed in Baltic stock exchange is 48%. In most of these companies this percentage is higher and even up to 97%. Due to nowadays global economic situation the management of non-financial long- -lived assets also plays significant role in both – shareholders’ (actual/ potential) and management’s – decision-making processes concerning investing, financing, controlling, other activities. In order to ensure financial statements reflects real situation of the particular company, company’s management is responsible to ensure that accounting process of depreciation/ amortization these assets is: – Correct, transparent and in line with specifics of company’s business; – In accordance with respective accounting and reporting regulations. This article reveals theoretical and practical view exploring how information relating depreciation/ amortization of long-lived non-financial assets influences results in financial statements of Latvian companies listed in Baltic stock exchange.</p> |
| first_indexed | 2024-03-12T11:11:31Z |
| format | Article |
| id | doaj.art-50293da6ad0145d79f2a81295efd8491 |
| institution | Directory Open Access Journal |
| issn | 2300-1240 2300-3065 |
| language | English |
| last_indexed | 2024-03-12T11:11:31Z |
| publishDate | 2015-12-01 |
| publisher | Nicolaus Copernicus University in Toruń |
| record_format | Article |
| series | Copernican Journal of Finance & Accounting |
| spelling | doaj.art-50293da6ad0145d79f2a81295efd84912023-09-02T02:50:43ZengNicolaus Copernicus University in ToruńCopernican Journal of Finance & Accounting2300-12402300-30652015-12-01429110810.12775/CJFA.2015.0187302The impact of long-lived non-financial assets depreciation/amortization method on financial statementsIeva Kozlovska0BA School of Business and Finance K.Valdemara street 161, Riga, LV-1013 BA School of Business and Finance & RTU Riga Business School<p>Non-financial long-lived assets are ones ensuring company’s basic business operations, with expected useful time more than one accounting period, and generating profit. Assets often requiring significant investments constitute also considerable part of companies’ total assets in its statements of financial position. In average this proportion in balance sheets of Latvian companies listed in Baltic stock exchange is 48%. In most of these companies this percentage is higher and even up to 97%. Due to nowadays global economic situation the management of non-financial long- -lived assets also plays significant role in both – shareholders’ (actual/ potential) and management’s – decision-making processes concerning investing, financing, controlling, other activities. In order to ensure financial statements reflects real situation of the particular company, company’s management is responsible to ensure that accounting process of depreciation/ amortization these assets is: – Correct, transparent and in line with specifics of company’s business; – In accordance with respective accounting and reporting regulations. This article reveals theoretical and practical view exploring how information relating depreciation/ amortization of long-lived non-financial assets influences results in financial statements of Latvian companies listed in Baltic stock exchange.</p>https://apcz.umk.pl/czasopisma/index.php/CJFA/article/view/8198non-financial long-lived assetsdepreciation methodamortization methodaccounting policyfinancial statements |
| spellingShingle | Ieva Kozlovska The impact of long-lived non-financial assets depreciation/amortization method on financial statements Copernican Journal of Finance & Accounting non-financial long-lived assets depreciation method amortization method accounting policy financial statements |
| title | The impact of long-lived non-financial assets depreciation/amortization method on financial statements |
| title_full | The impact of long-lived non-financial assets depreciation/amortization method on financial statements |
| title_fullStr | The impact of long-lived non-financial assets depreciation/amortization method on financial statements |
| title_full_unstemmed | The impact of long-lived non-financial assets depreciation/amortization method on financial statements |
| title_short | The impact of long-lived non-financial assets depreciation/amortization method on financial statements |
| title_sort | impact of long lived non financial assets depreciation amortization method on financial statements |
| topic | non-financial long-lived assets depreciation method amortization method accounting policy financial statements |
| url | https://apcz.umk.pl/czasopisma/index.php/CJFA/article/view/8198 |
| work_keys_str_mv | AT ievakozlovska theimpactoflonglivednonfinancialassetsdepreciationamortizationmethodonfinancialstatements AT ievakozlovska impactoflonglivednonfinancialassetsdepreciationamortizationmethodonfinancialstatements |