ACCOUNTING OF DEPRECIATION OF FIXED ASSETS IN NATIONAL AND INTERNATIONAL TERMS

Lilia GRIGOROI, Liliana LAZARI, Nicolae BALTEŞ* Academia de Studii Economice a Moldovei *Universitatea „Lucian Blaga” din Sibiu

Аннотация

The objective of this study is to examine and compare the accounting and financial reporting of fixed assets impairment from the perspective of the National Accounting Standards and the International Financial Reporting Standards. In this respect, initially we exposed the provisions of NAS "Impairment of Assets" referring to fixed assets in view of the most important steps in the accounting cycle - recognition, measurement, recording and presentation in the financial statements. Then these steps and their presence were followed and reviewed based on the terms of IAS 36 "Impairment of Assets" regarding fixed assets, identifying the similarities and discrepancies. Keywords: accounting, impairment loss, the carrying amount, the fair value less costs to sell recoverable value, use value.