Comparative Analysis Regarding Fixed Assets: IAS/IFRS – Romanian Regulations

Within the scientific approach I have undertaken in this paper, I have proposed to analyze the extent to which the new accounting values adopted for the evaluation of fixed assets, in view of their relation to financial statements, may serve the informational needs of all financial information users. The latter are in need of credible and relevant information, which would allow anticipating the future evolution of the entity. For this reason, we are currently witnessing a reappraisal of the evaluation’s fundamental principles, by transferring from a historical-cost-based accounting to another type of accounting, based on fair values. In this paper I have analyzed the means by which tangible, intangible and financial assets are evaluated, according to the provisions of the international financial reporting standards and of the national regulations. In the conclusion I have attempted to present the evaluation perspectives in Romania.