The Historical Cost, a Paradigm of the 21st Century
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.
References
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*** Legea contabilităţii nr. 82/1991, republicată
*** OMFP 3055/2009.
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