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RECOGNITION OF IMPAIRMENT LOSSES OF INTANGIBLE ASSETS IN ROMANIA VERSUS IFRS

Year 2012, Volume: 4 Issue: 1, 121 - 131, 01.06.2012

Abstract

Developments in accounting, which harmonize with the European Directives and
International Financial Reporting Standards, are correlated with progress in the
field from Europe and worldwide, leading to a change of view in the accounts.
International Accounting Standard IAS 36 "Impairment of Assets" recommended
that the recoverable amount of an asset is assessed every time an indication of
impairment appears, while in Romania the accounting rules require that the
evaluation of intangible assets is to be achieved at the end of the year when
according to the legislation, the inventory takes place. Although current
legislation took nearly all the recommendations of the International Accounting
Standards, in practice there are difficulties regarding the recognition of
impairment losses.

References

  • CECCAR (2011), „International standards for financial reporting IFRS 2011”, CECCAR Publishing House, Bucharest, p.1792-1800
  • Epstein B., Jermakowicz E.,(2007) „Interpreting and Enforcing International Standards of Accounting and Financial Reporting ”, BMT Publishing House,
  • Feleagă L., Feleagă N.(2005)– Comprehensive Financial Accounting. Elements of Accounting Engineering in the Context International Referential, InfoMega Publishing House, 2005, p. 129
  • Feleaga N., Malciu L.(2004) , „International Accounting Challenges in the Turn of the Millenium: model evaluation and intangible investment”, Economic Publishing House, Bucharest,p. 50-85
  • Feleagă N., Feleagă L.(2007), „Accounting. An European and International Approach”, second volume Economic Publishing House, Bucharest, p.100-130
  • Munteanu Victor, Cristina Andreica(2009), „Companies financial accounting”, Prouniversitaria Publishing House, Bucharest Marius Pantea(2008), „Protection of intelectual property rights in the era of globalization”, Expert Pub lishing House, Bucharest
  • Stan S. (2008), „Intangible assets evaluation. A guide to interpret and evaluate GN 4”, Iroval Publishing House, Bucharest
  • Ordinance of the Ministry of Public Finance no. 3055/2009 for enforcing accounting regulations according to the European directives
Year 2012, Volume: 4 Issue: 1, 121 - 131, 01.06.2012

Abstract

References

  • CECCAR (2011), „International standards for financial reporting IFRS 2011”, CECCAR Publishing House, Bucharest, p.1792-1800
  • Epstein B., Jermakowicz E.,(2007) „Interpreting and Enforcing International Standards of Accounting and Financial Reporting ”, BMT Publishing House,
  • Feleagă L., Feleagă N.(2005)– Comprehensive Financial Accounting. Elements of Accounting Engineering in the Context International Referential, InfoMega Publishing House, 2005, p. 129
  • Feleaga N., Malciu L.(2004) , „International Accounting Challenges in the Turn of the Millenium: model evaluation and intangible investment”, Economic Publishing House, Bucharest,p. 50-85
  • Feleagă N., Feleagă L.(2007), „Accounting. An European and International Approach”, second volume Economic Publishing House, Bucharest, p.100-130
  • Munteanu Victor, Cristina Andreica(2009), „Companies financial accounting”, Prouniversitaria Publishing House, Bucharest Marius Pantea(2008), „Protection of intelectual property rights in the era of globalization”, Expert Pub lishing House, Bucharest
  • Stan S. (2008), „Intangible assets evaluation. A guide to interpret and evaluate GN 4”, Iroval Publishing House, Bucharest
  • Ordinance of the Ministry of Public Finance no. 3055/2009 for enforcing accounting regulations according to the European directives
There are 8 citations in total.

Details

Other ID JA37HA26DK
Journal Section Articles
Authors

Munteanu Victor This is me

Andrei (dănăilă) Alina Elena This is me

İon (daviţoiu) İulia Daciana This is me

Publication Date June 1, 2012
Published in Issue Year 2012 Volume: 4 Issue: 1

Cite

APA Victor, M., Elena, A. . (. . A., & Daciana, İ. (. İ. (2012). RECOGNITION OF IMPAIRMENT LOSSES OF INTANGIBLE ASSETS IN ROMANIA VERSUS IFRS. International Journal of Business and Management Studies, 4(1), 121-131.
AMA Victor M, Elena A(A, Daciana İ(İ. RECOGNITION OF IMPAIRMENT LOSSES OF INTANGIBLE ASSETS IN ROMANIA VERSUS IFRS. IJBMS. June 2012;4(1):121-131.
Chicago Victor, Munteanu, Andrei (dănăilă) Alina Elena, and İon (daviţoiu) İulia Daciana. “RECOGNITION OF IMPAIRMENT LOSSES OF INTANGIBLE ASSETS IN ROMANIA VERSUS IFRS”. International Journal of Business and Management Studies 4, no. 1 (June 2012): 121-31.
EndNote Victor M, Elena A(A, Daciana İ(İ (June 1, 2012) RECOGNITION OF IMPAIRMENT LOSSES OF INTANGIBLE ASSETS IN ROMANIA VERSUS IFRS. International Journal of Business and Management Studies 4 1 121–131.
IEEE M. Victor, A. . (. . A. Elena, and İ. (. İ. Daciana, “RECOGNITION OF IMPAIRMENT LOSSES OF INTANGIBLE ASSETS IN ROMANIA VERSUS IFRS”, IJBMS, vol. 4, no. 1, pp. 121–131, 2012.
ISNAD Victor, Munteanu et al. “RECOGNITION OF IMPAIRMENT LOSSES OF INTANGIBLE ASSETS IN ROMANIA VERSUS IFRS”. International Journal of Business and Management Studies 4/1 (June 2012), 121-131.
JAMA Victor M, Elena A(A, Daciana İ(İ. RECOGNITION OF IMPAIRMENT LOSSES OF INTANGIBLE ASSETS IN ROMANIA VERSUS IFRS. IJBMS. 2012;4:121–131.
MLA Victor, Munteanu et al. “RECOGNITION OF IMPAIRMENT LOSSES OF INTANGIBLE ASSETS IN ROMANIA VERSUS IFRS”. International Journal of Business and Management Studies, vol. 4, no. 1, 2012, pp. 121-3.
Vancouver Victor M, Elena A(A, Daciana İ(İ. RECOGNITION OF IMPAIRMENT LOSSES OF INTANGIBLE ASSETS IN ROMANIA VERSUS IFRS. IJBMS. 2012;4(1):121-3.