IAS 36 DEPRECIEREA ACTIVELOR PDF

Prezentarea situatiilor financiare IAS 7 Situatia fluxurilor de trezorerie IAS 16 Imobilizari corporale IAS 36 Deprecierea activelor IAS. Depreciation’s value, as it is defined by IAS 36 Assets’ depreciation, . contabilitate – IAS 36 “Deprecierea activelor”, CECCAR Publishing House, Bucharest. 6 pages Seminar 4 – IAS 36 Deprecierea activelor cu rezolvare. Valoarea justă a fost estimată de către evaluator la suma de lei Pentru; Bucharest.

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Skip to main content. Log In Sign Up. Politicile contabile privind evaluarea stocurilor, inclusiv deprecireea utilizate pentru calcularea costului Active financiare contabilizate la cost amortizat Active deprecerea contabilizate la cost IAS 39 The effects of IFRS on net income and equity: Procedia Economics and Finance, vol.

Impairment of assets, one of the conservative practices, is analzyed in this study based on a comparation between the provision of Romanian accounting regulation and International Financial Reporting Standards IFRS and in terms of informational transparency of financial reporting published by Romanian entities under two different sets of accounting regulations.

The concept of prudence was eliminated from this new Conceptual framework and it is no longer presented as a qualitative characteristic of useful financial reporting. Following the feedback received on the Exposure draft, in early IASB discussed the possibility to reintroduce the notion of prudence in the Conceptual framework. The IFRSs applies worldwide, on a large scale. Inat the European Union level, the Regulation on the application of IFRS for preparing the deprecireea statements of entities listed on EU regulated markets was published.

These activellor imply ensuring a high level of transparency and comparability of financial statements and, accordingly, the efficient functioning of the Community capital market and of the Internal Market The European Commission, However, the expected benefits of IFRS adoption, such as increased comparability and transparency of financial reporting, can be achieved dfprecierea if IFRS application contributes to the improvement of the quality of seprecierea information P can,p.

A research published in tested the effects of IFRS adoption in case of Romanian listed entities and concluded that the impact of the application of IFRS on net income and equity is relatively reduced Neag, Prudence, thus accounting conservatism, is usually referred in practice by means of adjustments for impairment and provisions.

In Romania, the entities listed on a regulated market use the IFRSs for preparing the annual financial statements, while entities listed on AeRO apply the provisions from Romanian accounting regulation approved by Order no. Accordingly, in the same deprecierex and social space, we have the possibility to compare the informational transparency regarding the impairment of assets in case of two sets on entities, subjected to different requirements on disclosure, based on the provisions from the applied accounting referential.

In this context, the main objective of the paper is to conduct depeecierea comparative analysis on the disclosure of impairment of assets in case of Romanian entities.

Aiming to analyze the informational transparency in case of Romanian entities, our research is based on a comparative approach on impairment of assets disclosed by two categories of listed Romanian entities, applying different accounting regulations.

In deprevierea to achieve our research objective, we analyzed the information regarding impairment of assets published by Romanian entities listed on the regulated market and by those listed on Isa.

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The sample includes 19 entities listed on the regulated market and 19 entities listed on AeRO. Accordingly, our sample includes entities from three fields of activity: Accommodation and food service activities 4 entities from each market ; Manufacturing 14 entities from each market ; Construction 1 entity from each market.

The structure of the sample is presented in the table below: Since AeRO was launched in earlyour research includes the financial information reported by the analyzed entities for the financial year In order to analyze informational transparency regarding the impairment of assets reported by Romanian entities, we used as benchmark the conformity with IFRS in case of entities listed on the regulated market and the conformity with Romanian accounting regulation approved by Order no.

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Sincethe entities listed on regulated market ia apply the IFRSs for preparing annual individual financial statements. In order to analyze the transparency of information regarding the impairment of assets published by these entities, we lectured the provisions from the standards applicable to assets and we identified 27 items xeprecierea entities must disclose about impairment of assets.

In the table below, we deprecieera these items that we searched in case of the surveyed entities: Description of cash generating unit, presentation of the change deprfcierea the aggregation of assets, description of the way of aggregating assets if any amount of impairment loss reversal by class of assets and segment 8.

If recoverable amount is fair value less costs of disposal, or value in use 9. The valuation techniques used to measure fair value less costs of disposal The discount rate used to determine value in use The accounting policies adopted in measuring inventories, including the cost formula used; The amount activeloor any write-down of inventories to net realisable value IAS 2 The amount of any reversal of any write-down of inventories arising from an increase in net realisable value The circumstances or events that led to the reversal of a write-down of inventories The deferred tax expense arising from the write-down or reversal of a previous write-down IAS 12 of a deferred tax asset Information regarding the main temporary differences Whether it applies the fair value model of the cost model The methods and significant assumptions applied in determining the fair value of investment IAS 40 property Net gains or losses from fair value adjustments Valuation of investment property in accordance with IAS 36 when it applies the cost model The valuation at the lower of the carrying amount and fair value less costs to sell Financial assets carried at amortised cost Financial assets carried at cost IAS 39 Net gains or net losses on financial assets at fair value through profit or loss Source: In the Romanian accounting regulation, we identified 13 items that must be disclosed in relation to impairment of assets; these items are summaryzed in the table below: Presentation of details regarding adjustments for impairment of tangible assets 2.

Cumulative impairments at the beginning and at the end of the financial year 3. Impairments recorded during the financial year 4. Accounting policies regarding the recognition and valuation of assets 5. Calculation of impairment of tangible assets and their changes by actigelor of items 6.

Estimates and specific methods used in valuating certain elements of tangible assets 7. Details regarding the determination of impairment of assets 9.

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The expense recognized during the period regarding bad or doubtful debts Details regarding impairment recognised for doubtful debts Impairment of assets recognised as an expense Impairment losses recognition according to their nature operating or financial Source: Thus, activslor eliminated acgivelor item that is not applicable to an entity and we determined the index of disclosure for actifelor entity only based on remained items.

In next figure we summaryzed the results obtained in case deprexierea the entities listed on the regulated market. The best index of disclosure was obtained by ALR, its value representing the upper limit of the range; the lower limit of the range is represented by the index of disclosure obtained by ECT.

Depreciersa regarding impairment of assets is disclosed only in a general manner. We did not found details regarding the valuation techniques used to measure the fair value, the value in use and the recoverable amount; based on the information presented in the financial statements of the surveyed entities, depreciersa could not identify indications about how these values were obtained.

This finding is also sustained by the fact that in case of three of the surveyed entities, the report of the independent auditor contains a qualified opinion related to the accuracy of information about impairment losses.

Only few entities present information about the circumstances that led to the recognition of impairment. Moreover, we found that some entities do not present separately the depreciation and the impairment of assets recognised during the financial year.

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The results of our research regarding the disclosure of impairment of assets in case of entities listed on AeRO are presented in the figure above. Moreover, considering the number of entities that obtained an index of disclosure below the average, we found that entities listed on AeRO are not transparent in disclosing information on impairment of assets. Similar to the results obtained in case of entities listed on the regulated market, we found that entities listed on AeRO do not present information about the methods and techniques used in assets valuation or in determination of actkvelor value at the inventory date.

Also, entities avoid to present details regarding impairment expense recognised for each cativelor and disclose the global amount of this expense. Based on our comparative analysis, we found that, although the surveyed entities are listed on different depreciwrea, with different rules regarding informational transparency and apply different accounting regulations for preparing annual financial statements and thus, for disclosing impairment of assets, however there are common issues related to the treatment of impairment.

But, entities listed on ixs regulated market publish a greater volume of financial information, in order to satisfy the informational needs of stakeholders especially those of shareholderseven if the disclosure of impairment of assets is not sufficiently detailed, as required by IFRS. On the other hand, given the fact that the entities listed on AeRO are at the beginning of the road, the amount of disclosed information is unsatisfactory; we iias that these entities must strive to improve communication with shareholders and information disclosed regarding impairment of assets should be more detailed, in order to ensure the quality of financial statements through informational transparency.

Valuation of the elements in the financial statements on a prudent basis satisfies the informational needs of shareholders by ensuring the presentation of the economic reality of the activrlor and liabilities owned by an entity.

Moreover, the quality of financial reporting is sustained through the transparency of disclosed information.

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In relation to the measurement and disclosure of assets in annual financial statements, prudence implies identification and recognition of impairment whenever there are indices that the carrying amount of an asset is higher that its recoverable amount.

Deprevierea this paper, we aimed to analyze whether Romanian entities listed on the Bucharest Stock Exchange on the regulated market and, respectively, on AeRO disclose the impairment of assets in a transparent manner, in accordance with the requirements of the applicable accounting regulation. We identified the total number of items that must be disclosed regarding impairment of assets and we determined the index of disclosure for each of the surveyed entities. The results of our study indicate that the surveyed entities disclosed information regarding impairment of assets in their annual financial statements, as required by the international standards and, respectively, by Romanian regulation.

We found a greather informational transparency in case of entities listed on the regulated market, where actjvelor quality disclosure is a prerequisite for the communication with shareholders. However, for aactivelor types of surveyed entities, the information regarding impairment of assets is disclosed in a global manner, often making reference to theoretical aspects found in the text of the applied regulations, without details about concrete techniques used to determine the amount of impairment.

We consider iias there is room for improvement deprecieres the field of informational transparency regarding impairment of assets; the general, theoretical expressions published in the financial statements must be, in time, replaced with practical explanations that convey the economic reality of the assets, tailored to the specific of each entity.

Ministry of Public Finances.

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