THEORETICAL AND PRACTICAL ASPECTS REGARDING THE IAS-36 APPLICATION TO “THE IMPAIRMENT OF ASSETS” TO C.E. OLTENIA

Abstract

The main characteristics of the assets are the incorporated economic benefits, the way in which these may enter in the patrimony and the derivation of the assets from previous events or transactions. In 1998 IASC Council approved the IAS – 36 percept, “the Impairment of assets”, that imposes the estimation and accounting of the loss of value for an asset, when the recoverable amount of this is inferior to its book value. The objective of this standard is to set the proceedings, which an enterprise applies in order to assure that its assets are accounting to a less or equal value with their recoverable value.

Keywords

• value
• losses
• assets
• treasury cash flows
• cession