THE TRANSITION FROM HISTORICAL COST TO FAIR-VALUE, A CHOICE WITH MAJOR IMPLICATIONS IN ACCOUNTING

This paper treats the importance of the transition from valuation at historical cost to valuation at fair value of the assets within an economic entity, and the contents of the result obtained in financial reporting. The work deals with the influence that the fair value assessment can have on the l...

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Bibliographic Details
Main Authors: ILIE RĂSCOLEAN, ILEANA-SORINA RAKOS
Format: Article
Language:English
Published: University of Petrosani 2016-10-01
Series:Annals of the University of Petrosani: Economics
Subjects:
Online Access:http://www.upet.ro/annals/economics/pdf/2016/part1/Rascolean_Rakos_2.pdf
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