CMF CONSULTING SA

  |  2017-10-18

Is it necessary to evaluate real estate for financial reporting?

In the context of the taxable amount in the Tax Code since 1 January 2016, many companies question whether it is still necessary to evaluate real estate for reporting fair market values ​​in their financial statements at the end of the reporting period or may be limited when assessing buildings for tax purposes.

At first sight, seems a simple question, but the answer to this question is one complicated: it depends.
Why depends on? It depends on the accounting standards applicable and then depends on the accounting policy of the company.

 

For more information, please see the Romanian version of the article, here.

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