Allowances and Valuation Allowances – Essential Elements for the Presentation of the Fair View of the Financial Statements

Allowances and Valuation Allowances – Essential Elements for the Presentation of the Fair View of the Financial Statements

Number 3, March 2020  »  Financial accounting and reporting

Elena Stănciulescu, PhD
Bucharest

Abstract: This article presents the accounting and fiscal treatment of allowances and valuation allowances. In order to achieve the accounting’s objective of providing the fair view, it is required that all accounting principles are followed and the allowances or impairment losses of assets are recorded, whether deductible or non-deductible, considering their significant role regarding the financial statements.
Classification JEL: M41, K34 | Pages: 24-34

Statistics: abstract views 144 | PDF downloads 356 | PDF views 211
   



This website uses cookies to analyze the traffic and to improve the browsing experience. The cookies of third party companies / services placed on this site (Google Analytics, Facebook, Twitter, Disqus) are included here. By continuing to use this website, you agree to the storage of all cookies on your device.