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ISSN: 2344 - 102X
ISSN-L: 2344 - 102X
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Volume 5, Number 3, Year 2017| 1. THE ACCOUNTING TREATMENT FOR THE REVALUATION SURPLUS OF FIXED ASSETS | 
Download | | Author(s): Liliana Lazari | | DOI: 10.4316/EJAFB.2017.531 | | Abstract: The objective of this research is to examine and present the methods of recognizing, recording and
doing the financial report of the surplus raised within the revaluation of the entity's fixed assets. As
a starting point, there are presented the stipulations of the National Accounting Standards
regarding the subsequent evaluation of fixed assets (NAS "Tangible and intangible assets", NAS
"Investment Property", NAS "Impairment of Assets", etc.), afterwards being examined the
provisions of the International Financial Reporting Standards concerning the methods of
revaluating the fixed assets, their recognition, book-keeping and financial reporting. | | Keywords: Fixed Assets, Subsequent Evaluation, Revaluation, Revaluation Surplus, Depreciation,
Amortization, Fair Value, Book Value, Accounting Records |
| 2. DOUBLE TAXATION - METHODS OF AVOIDING IT AT NATIONAL AND INTERNATIONAL LEVEL |
Download | | Author(s): Maia Bajan, Alexandrina Ciorchina, Nicoleta Trudov | | DOI: 10.4316/EJAFB.2017.532 | | Abstract: Double taxation is the levy of tax by two or more jurisdictions on the same declared income asset
or financial transaction.
Depending on the juridical aspects related to the legislator's will, double taxation can be
deliberated or unintentional. It is also based on various criteria of appearance, such as residency
criterion, criterion of nationality and source of income. There exist different methods to avoid
double taxation at national and international level, by respecting both domestic laws and
conventions signed between the involved parties. | | Keywords: Double Taxation, Residency Criterion, Criterion Of Nationality, Criterion For Source Of
Income, Methods To Avoid |
| 3. ACCOUNTING JUDGMENTS AND RULES ON THE OUTCOME OF THE AUDITED ENTITY'S ACTIVITY DEPENDING ON THE INCORPORATED/ UNINCORPORATED EXPENSES IN THE COST OF PRODUCTS |
Download | | Author(s): Camelia Catalina Mihalciuc, Aurelian Bacinschi | | DOI: 10.4316/EJAFB.2017.533 | | Abstract: In the Romanian accounting system, the costs incurred for obtaining the products (assimilated
here: semi-finished products, finished products, residual products, agricultural products, products
in progress) are compensated by registering of certain incomes when they are handed over to the
warehouse, and then adjusted registering price differences at the end of the month. Due to this fact
and to the more complex function of the account 711 - "Revenues related to product inventory
costs", the auditing of finished product accounts, of price differences in finished products accounts
and of related revenues (acc. 711), usually present a high degree of risk. Also, the specificity of
these accounts requires a good knowledge of the system used to calculate production costs,
respectively of correctly identifying the categories of expenses which will be included/not included
into the cost of the products. Thus, in the present study, the main objective aims to establish certain
working hypotheses, which identify situations related to the inclusion/non-inclusion of the certain
expenses in the cost of the products, that will influence the result of the activity (taking into account
the present laws) and based on the stated hypotheses to draw the related rules. | | Keywords: Included Expenses, Non-included Expenses, Additional Expenses, Cost Of Products
Inventories |
| 4. ASPECTS REGARDING THE ENVIRONMENTAL POLICY IN ROMANIA |
Download | | Author(s): Gheorghe Morosan, Laurentia - Elena Scurtu | | DOI: 10.4316/EJAFB.2017.534 | | Abstract: The aim of the present paper is to highlight the environmental policy of Romania over the last five
years. It will be shown the level of environmental expenditures, public and private, and we will
search evidences of a coherent environmental policy conducted by the Romanian state in the last
period. The purpose of this paper is derived from the fact that Romania has, lately, more and more
problems related to the environmental protection, problems revealed by the EU through various
communiques and warnings addressed to the Romanian Government regarding the management of
environmental policy. Therefore the objectives of this paper are: presenting the main theoretical
aspects regarding the environment, presenting the Romanian environmental commitments, the
analysis and the interpretation of some relevant macroeconomic indicators for the environmental
policy. | | Keywords: Environment, Environmental Protection, Sustainable Development, Environmental
Protection Expenditures |
| 5. INTEGRATED REPORTING - PERSPECTIVES IN PUBLIC HEALTH INSTITUTIONS IN SELF-FINANCING |
Download | | Author(s): Liudmila Frumusachi | | DOI: 10.4316/EJAFB.2017.535 | | Abstract: There are currently continuous metamorphoses of the accounting system within the public
sanitary institutions for self-financing by changing the emphasis from the control function to the
communication function, creating new requests for interested parties' information, new
accounting objects and evaluation methods of these ones, which has led to integrated reporting.
Thus, in order to meet the needs of information users, a new reporting model is needed, which
takes into account the relationship between environmental and social factors, the quality of
management, reflecting the impact of long-term decisions on the sustainable development of
entity and the economy as a whole. The need for complete information on external reporting of
Public Health Care Institutions (PHCI), at least at this time, has led to the expansion of
traditional financial reporting by including social and environmental aspects within the
traditional reporting. This concept (integrated reporting) is a mix between the classical financial
reporting and the concept of sustainability (also known as sustainable development). The
integrated reporting highlights the relevant information to valuing value from a long-term
perspective for decision-makers and encouraging the allocation of financial resources to support
long-term value creation in the sense of societal expectations. | | Keywords: Integrated Reporting, MSPI, Capital, Financial Reports, Statistical Reports, Medical
Services |
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