REVALORIZACIJA OSNOVNIH SREDSTAVA I NJEN UTICAJ NA FINANSIJSKE IZVEŠTAJE
REVALUATION OF FIXED ASSETS AND ITS IMPACT ON THE FINANCIAL STATEMENTS

Summary/Abstract: Financial statements seek to provide quality and relevant information to entities so that they can make a variety of decisions. Basically, financial statements aim to provide information about the financial position, financial success and cash flows of an economic entity, which are useful for making economic decisions by a wider range of users. They also show the results that the management of the business entity has achieved in managing the resources entrusted to it. Revaluation of fixed assets is the adjustment of the original value of previously acquired fixed assets with the movement of prices over the life of the fixed asset, or the adjustment of the value adjustment, ie the write-off value of fixed assets due to the extension of the useful life. The goal of revaluation is to provide funds in the depreciation fund with which the same fixed asset can be procured again. The revaluation of assets provides an opportunity to adjust the financial statements to the current market situation. It is also one of the methods by which the image of financial statements can be "distorted".

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