Revaluation of Tangible Fixed Assets in the Public Sector. Accounting Concepts and Practices

The premise of addressing aspects concerning the revaluation of tangible fixed assets took into account its importance within the portfolio of components that precede the preparation of the annual financial statements. Through the correct and complete application of the conceptual and accounting coo...

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Bibliographic Details
Published inCECCAR Business Review Vol. 4; no. 11; pp. 8 - 18
Main Authors Pitulice, Ileana Cosmina, Ștefănescu, Aurelia
Format Journal Article
LanguageEnglish
Published The Body of Expert and Licensed Accountants of Romania 01.12.2023
Subjects
accounting practices
public sector
revaluation
tangible fixed assets
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Summary:The premise of addressing aspects concerning the revaluation of tangible fixed assets took into account its importance within the portfolio of components that precede the preparation of the annual financial statements. Through the correct and complete application of the conceptual and accounting coordinates related to the revaluation of tangible fixed assets, they will contribute to providing a true image of the financial position and financial performance of public sector entities. Thus, the issue of revaluation of tangible fixed assets in the public sector was approached gradually, in a three-dimensional manner, namely concepts, specific accounting practices and presentation in the annual financial statements.
ISSN:1454-9263
2668-8921
DOI:10.37945/cbr.2023.11.02