The Historical Cost, a Paradigm of the 21st Century
The Historical Cost, a Paradigm of the 21st Century

Summary/Abstract: According to the current regulations, the valuation aims several moments, namely: the input date (when the element enters the patrimony), the inventory date, the date of the financial year’s ending and, not at last, the output date (when the element leaves the patrimony). The present paper focuses on the financial year’s ending valuation moment. The valuation is one of the most up-to-date accounting issues. Choosing the valuation basis actually involves establishing the moment for registering into the balance sheet the element value, namely: the past - the input value, the present - current value, the future - present value

• Details
• Contents