Accounting policies and practices applicable for the impairment of assets that generate income other than cash flows
Starting with 2005, at an European level, the European Commission alongside the International Federation of Accountants (IFAC) promoted the implementation of accrual accounting within the public sector and, by default, the shift from cash accounting to accrual accounting, as well as the development...
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| Format: | Article |
| Language: | English |
| Published: |
Chamber of Financial Auditors of Romania
2016-07-01
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| Series: | Audit Financiar |
| Subjects: | |
| Online Access: |
http://revista.cafr.ro/temp/Article_9487.pdf
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| _version_ | 1798043706190725120 |
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| author | Marinela Daniela MANEA |
| author_facet | Marinela Daniela MANEA |
| author_sort | Marinela Daniela MANEA |
| collection | DOAJ |
| description | Starting with 2005, at an European level, the European
Commission alongside the International Federation of
Accountants (IFAC) promoted the implementation of
accrual accounting within the public sector and, by
default, the shift from cash accounting to accrual
accounting, as well as the development of financial
statements based on the International Public Sector
Accounting Standards (IPSAS). IPSAS’ starting point
were the International Financial Reporting Standards
(IFRS) issued by the International Accounting Standards
Board (IASB). The requests of the IPSAS Standard 21
“Impairment of Non-Cash-Generating Assets” were
drawn up in accordance with this policy. The
differentiated practices that can be applied to the public
sector in relation to the private sector have led us to the
analysis of the solutions suggested by IPSAS 21
precisely to understand and further study the concepts
and mechanisms of the depreciation of assets that
generate income other than cash flows. Without
neglecting the reality of the Romanian accounting
practice within the public sector, we will gradually go
through the steps of measuring and recognizing the
depreciation losses associated with the assets that
generate income other than cash flows, owned by the
public entities. |
| first_indexed | 2024-04-11T22:52:50Z |
| format | Article |
| id | doaj.art-a5a1af3eb40c41dbba51ae9da8f9fd96 |
| institution | Directory Open Access Journal |
| issn | 1844-8801 |
| language | English |
| last_indexed | 2024-04-11T22:52:50Z |
| publishDate | 2016-07-01 |
| publisher | Chamber of Financial Auditors of Romania |
| record_format | Article |
| series | Audit Financiar |
| spelling | doaj.art-a5a1af3eb40c41dbba51ae9da8f9fd962022-12-22T03:58:31ZengChamber of Financial Auditors of RomaniaAudit Financiar1844-88012016-07-011413976176810.20869/AUDITF/2016/139/7619487Accounting policies and practices applicable for the impairment of assets that generate income other than cash flowsMarinela Daniela MANEA0 Valahia University, Târgoviște Starting with 2005, at an European level, the European Commission alongside the International Federation of Accountants (IFAC) promoted the implementation of accrual accounting within the public sector and, by default, the shift from cash accounting to accrual accounting, as well as the development of financial statements based on the International Public Sector Accounting Standards (IPSAS). IPSAS’ starting point were the International Financial Reporting Standards (IFRS) issued by the International Accounting Standards Board (IASB). The requests of the IPSAS Standard 21 “Impairment of Non-Cash-Generating Assets” were drawn up in accordance with this policy. The differentiated practices that can be applied to the public sector in relation to the private sector have led us to the analysis of the solutions suggested by IPSAS 21 precisely to understand and further study the concepts and mechanisms of the depreciation of assets that generate income other than cash flows. Without neglecting the reality of the Romanian accounting practice within the public sector, we will gradually go through the steps of measuring and recognizing the depreciation losses associated with the assets that generate income other than cash flows, owned by the public entities. http://revista.cafr.ro/temp/Article_9487.pdf Public sectornon-cash-generating assets depreciation lossrecoverable value |
| spellingShingle | Marinela Daniela MANEA Accounting policies and practices applicable for the impairment of assets that generate income other than cash flows Audit Financiar Public sector non-cash-generating assets depreciation loss recoverable value |
| title | Accounting policies and practices applicable for the impairment of assets that generate income other than cash flows |
| title_full | Accounting policies and practices applicable for the impairment of assets that generate income other than cash flows |
| title_fullStr | Accounting policies and practices applicable for the impairment of assets that generate income other than cash flows |
| title_full_unstemmed | Accounting policies and practices applicable for the impairment of assets that generate income other than cash flows |
| title_short | Accounting policies and practices applicable for the impairment of assets that generate income other than cash flows |
| title_sort | accounting policies and practices applicable for the impairment of assets that generate income other than cash flows |
| topic | Public sector non-cash-generating assets depreciation loss recoverable value |
| url |
http://revista.cafr.ro/temp/Article_9487.pdf
|
| work_keys_str_mv | AT marineladanielamanea accountingpoliciesandpracticesapplicablefortheimpairmentofassetsthatgenerateincomeotherthancashflows |