REVALUATION OF TANGIBLE ASSETS FROM ACCOUNTING AND FISCAL PERSPECTIVES

Acknowledged by the accounting regulations conform to the European directives inside the alternative assessment norms, the revaluation of tangible assets is also accepted by the International Accounting Standards as an allowed alternative treatment. As there is a real interaction between accountancy...

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Main Authors: MARIANA GURAU, MARIA GRIGORE
Format: Article
Language:English
Published: Nicolae Titulescu University Publishing House 2011-04-01
Series:Challenges of the Knowledge Society
Subjects:
Online Access:http://cks.univnt.ro/uploads/cks_2011_articles/index.php?dir=02_economy%2F&download=cks_2011_economy_art_075.pdf
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author MARIANA GURAU
MARIA GRIGORE
author_facet MARIANA GURAU
MARIA GRIGORE
author_sort MARIANA GURAU
collection DOAJ
description Acknowledged by the accounting regulations conform to the European directives inside the alternative assessment norms, the revaluation of tangible assets is also accepted by the International Accounting Standards as an allowed alternative treatment. As there is a real interaction between accountancy and taxation, the present study aims to analyze the fiscal vision on the revaluation, the manner in which the above mentioned accepts the revaluation of tangible assets. It is a known fact that the accounting information is used by the taxation as an object and a support in order to determine and to settle the assessments, the taxes and the contributions. Still, the taxation authority reserves the rights to punctually impose some financial treatments distinct to the accounting rules. This also happens with the revaluation of tangible assets, and this is exactly what we emphasize in the present paper.
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spelling doaj-art-3c6e56172dfe4bdc88d1ee42d8b90eb22025-08-20T02:43:58ZengNicolae Titulescu University Publishing HouseChallenges of the Knowledge Society2068-77962011-04-011-15151522REVALUATION OF TANGIBLE ASSETS FROM ACCOUNTING AND FISCAL PERSPECTIVESMARIANA GURAUMARIA GRIGOREAcknowledged by the accounting regulations conform to the European directives inside the alternative assessment norms, the revaluation of tangible assets is also accepted by the International Accounting Standards as an allowed alternative treatment. As there is a real interaction between accountancy and taxation, the present study aims to analyze the fiscal vision on the revaluation, the manner in which the above mentioned accepts the revaluation of tangible assets. It is a known fact that the accounting information is used by the taxation as an object and a support in order to determine and to settle the assessments, the taxes and the contributions. Still, the taxation authority reserves the rights to punctually impose some financial treatments distinct to the accounting rules. This also happens with the revaluation of tangible assets, and this is exactly what we emphasize in the present paper.http://cks.univnt.ro/uploads/cks_2011_articles/index.php?dir=02_economy%2F&download=cks_2011_economy_art_075.pdffair valuerevaluationhistorical costalternative evaluation rulesfiscal treatment of revaluation
spellingShingle MARIANA GURAU
MARIA GRIGORE
REVALUATION OF TANGIBLE ASSETS FROM ACCOUNTING AND FISCAL PERSPECTIVES
Challenges of the Knowledge Society
fair value
revaluation
historical cost
alternative evaluation rules
fiscal treatment of revaluation
title REVALUATION OF TANGIBLE ASSETS FROM ACCOUNTING AND FISCAL PERSPECTIVES
title_full REVALUATION OF TANGIBLE ASSETS FROM ACCOUNTING AND FISCAL PERSPECTIVES
title_fullStr REVALUATION OF TANGIBLE ASSETS FROM ACCOUNTING AND FISCAL PERSPECTIVES
title_full_unstemmed REVALUATION OF TANGIBLE ASSETS FROM ACCOUNTING AND FISCAL PERSPECTIVES
title_short REVALUATION OF TANGIBLE ASSETS FROM ACCOUNTING AND FISCAL PERSPECTIVES
title_sort revaluation of tangible assets from accounting and fiscal perspectives
topic fair value
revaluation
historical cost
alternative evaluation rules
fiscal treatment of revaluation
url http://cks.univnt.ro/uploads/cks_2011_articles/index.php?dir=02_economy%2F&download=cks_2011_economy_art_075.pdf
work_keys_str_mv AT marianagurau revaluationoftangibleassetsfromaccountingandfiscalperspectives
AT mariagrigore revaluationoftangibleassetsfromaccountingandfiscalperspectives