Accounting considerations on the evaluation and reevaluation of non-current assets

Abstract

A non-current asset, like any other asset of an economic entity, must be valued to be recorded in the current accounting and, respectively, for recognition in the annual financial statements. Thus, the valuation determines the values at which the patrimonial items will be recognized in the annual financial statements. For evaluation purposes, will be taken in account first of all, the general evaluation rules, the main moments when this evaluation process takes place, this assuming the choice of a particular assessment base. All these considerations have been the main objective of the topic addressed, taking into account also, as in this paper to present the main aspects regarding the initial evaluation and the subsequent evaluation of the non-current assets, both theoretically and applicative, with the compliance of the accounting provisions given by OMFP 1802/2014. JEL:M 41