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ISSN: 2344 - 102X
ISSN-L: 2344 - 102X
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Article from Volume 7, Number 2, Year 2019| ACCOUNTING TREATMENT OF FIXED ASSETS ACCORDING TO IAS 16 AND NAS. PRACTICAL AND COMPARATIVE ASPECTS | 
Download | | Author(s): Svetlana Mihaila, Maria Busuioc | | DOI: 10.4316/EJAFB.2019.7211 | | Abstract: The purpose of this research is to describe the accounting treatment of fixed assets from the national perspective, the convergences as well as the divergences encountered in their accounting under IFRS. The importance of this paper is given by the fact that fixed assets / tangible assets are active, which are more or less present at each entity and the harmonization of national accounting with IFRS provisions is constantly increasing, therefore this research is accompanied by practical aspects of the stipulations of both standards, notably IAS 16, proposing solutions for different situations. Thus, through this research, the authors set out to illustrate some key moments that are treated differently, such as determining the cost of entry of the fixed asset, such as the evaluation of property, plant and equipment at the time of preparing the financial statements, from the perspective of NAS and IAS 16 and their reassessment. Each aspect described is accompanied by examples. | | Keywords: Evaluation At Cost, Revaluation Of Fixed Assets, Provision, Surplus From Revaluation, Harmonization, Financial Situations, Accounting Adjustments. | References:
1. Cosmulese, C. G., Alexandru, C. D. (2017). Accounting Policies Specific To Intangible Assets, Paradigme Financiar-contabile în Viziunea Tinerilor Cercet?tori, 15 Decembrie, Chi?in?u 2017, Pp. 220-227, ISBN 978-9975-3202-2-1.
2. Fiscal Code Of The Republic Of Moldova No. 1163-XIII Of 24.04.1997, Http://lex.justice.md/md/326971/
Http://lex.justice.md/viewdoc.php?action=view&view=doc&id=360132&lang=1
3. IAS 8 „Accounting Policies, Changes In Accounting Estimates And Errors”,
Http://www.conta- Conta.ro/miscellaneous/182_miscellaneous_contabilitate_files%20182_.pdf
4. IFRIC 1 ,, Modifications Of Existing Debts From Decommissioning, Restoration And Similar Nature”. Published By The Ministry Of Finance On January 04, 2018,
5. Mihalciuc, C., Cosmulese, C. G., Popadiuc, I., Neagu, I. (2017). Accounting Treatments For The Valuation Of Tangible Fixed Assets Prospects Of Accounting Development: The Young Researcher’s View, 22 Noiembrie, Chi?in?u, ASEM, Pp. 99-111, ISBN 978-997575-895-6, Http://ase.md/files/catedre/cae/conf/conf_con_22.11.17.pdf.
6. NAS ,, Intangible And Tangible Fixed Assets”. Published By The Ministry Of Finance On August 21, 2017, Http://lex.justice.md/md/296151/
7. NAS ,, Presentation Of Financial Statements”, Approved By The Order Of The Minister Of Finance Nr.118/2013, Https://www.contabilsef.md/ro-NAS-prezentarea-situa-iilor-financiare-ru-NAS-prezentarea-situa-iilor-financiare-en-46678/
8. NAS 16, Property, Plant And Equipment. Published By The Ministry Of Finance On January 04, 2018, Http://lex.justice.md/md/296151/
9. NAS 37,, Provisions, Contingent Liabilities And Contingent Assets”, Http://www.creeaza.com/afaceri/economie/contabilitate/IAS- Provizioane-datorii-contin278.php
10. ?urcanu V., Golocialova, I. (2015). Manual: Financial Reporting According To International Standards, Chisinau Publishing House, P. 269.
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