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DC Field | Value | Language |
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dc.contributor.author | Tsamis, Anastasios | - |
dc.contributor.author | Liapis, Konstantinos J. | - |
dc.date.accessioned | 2018-06-22T08:48:53Z | - |
dc.date.available | 2018-06-22T08:48:53Z | - |
dc.date.issued | 2017 | - |
dc.identifier.citation | Tsamis, A., & Liapis, K. (2014). Fair value and cost accounting, depreciation methods, recognition and measurement for fixed assets. International Journal of Economics & Business Administration, 2(3), 115-133. | en_GB |
dc.identifier.issn | 23817356 | - |
dc.identifier.uri | https://www.um.edu.mt/library/oar//handle/123456789/31244 | - |
dc.description.abstract | In accounting and finance, fair value is a rational and unbiased estimate of the potential market price of a good, service or asset. On the other hand, cost accounting policy is more conservative and prudence. Accounting fairness refers mostly to the fair presentation, the initial recognition and measurement or valuation of an element. Therefore, adopting different accounting policies results in the assets being presented in the entity’s financial statements with different values. With the application of cost or fair value accounting policies across firms or countries, the financial statements are being incomparable. Another issue arises from depreciation methods applied. With the application of different depreciation accounting methods across firms or countries, the financial statements are being incomparable. Both accounting policies for recognition and measurement and depreciation methods, determine the net value of fixed assets in financial statements’ presentations. Thus, a decision-making procedure exists for recognition and measurement of property assets using the above components. The research objects of the paper are to explore in detail the relationship between cost and fair value accounting policies with depreciation methods, by enabling decision-making options. The financial method of discounted cash flow (DCF) technique is used for fair value accounting as well as for impairment test and the depreciation accounting methods are used for cost accounting policy, in order to explore the decision options for a property asset recognition and measurement. Following the above procedure, a fair value accounting model is correlated with the deprecation methods and an analysis of the impact of each decision-making alternative in financial statements’ figures is produced | en_GB |
dc.language.iso | en | en_GB |
dc.publisher | Eleftherios Thalassinos | en_GB |
dc.rights | info:eu-repo/semantics/openAccess | en_GB |
dc.subject | Cost accounting | en_GB |
dc.subject | Current value accounting | en_GB |
dc.subject | Discounted cash flow | en_GB |
dc.subject | Depreciation | en_GB |
dc.title | Fair value and cost accounting, depreciation methods, recognition and measurement for fixed assets | en_GB |
dc.type | article | en_GB |
dc.rights.holder | The copyright of this work belongs to the author(s)/publisher. The rights of this work are as defined by the appropriate Copyright Legislation or as modified by any successive legislation. Users may access this work and can make use of the information contained in accordance with the Copyright Legislation provided that the author must be properly acknowledged. Further distribution or reproduction in any format is prohibited without the prior permission of the copyright holder. | en_GB |
dc.description.reviewed | peer-reviewed | en_GB |
dc.publication.title | International Journal of Economics & Business Administration | en_GB |
Appears in Collections: | IJEBA, Volume 2, Issue 3 |
Files in This Item:
File | Description | Size | Format | |
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Fair_Value_and_Cost_Accounting,_Depreciation_Methods,_Recognition_and_Measurement_for_Fixed_Assets_2014.pdf | 492.07 kB | Adobe PDF | View/Open |
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