Recognition and measurement of assets in accordance with the requirements of regulatory framework

Abstract

The aim of this paper is to discuss the recognition and measurement of balance sheet assets in accordance with the requirements of professional regulations or The International Accounting Standards, The International Financial Reporting Standards and The International Financial Reporting Standards for Small and Medium Entities. Review of the application of legal and internal accounting regulation was aimed to provide comprehensive insights into the valuation of balance sheet assets and presented a comparative overview of the valuation of assets for different types of companies.

Keywords

• evaluation
• balance assets
• the regulatory framework