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The role of assets valuation for dynamising the business in Romania
Dumitru NICA, Laurentia Georgeta AVRAM

Last modified: 2017-11-29

Abstract


The role of patrimonial valuation is very important in dynamising the business that are carried out by Romanian companies. More and more Romanian companies with state, private or mixed capital use the support of the authorized expert evaluators ANEVAR for certain specific needs for patrimonial valuation of assets or businesses for various purposes.

We consider that a first necessity established by the Romanian legislation for companies to evaluate the buildings that own them for tax purposes, which must be carried out with a certain rhythm.

Secondly, we refer to the necessity and usefulness of valuations or revaluations of fixed assets (intangible, tangible and financial) or current assets (stocks, receivables, etc.) for the purpose of reflecting them at fair value or market value in the annual financial statements, for the accurate presentation of these assets in these reference accounting documents that can be searched and used by various external users interested in the course of such business.

Third, but not necessarily lastly, we will focus on the necessity and utility of patrimonial valuations for various ongoing business activities, which are required for various situations such as: entry or exit of business owners; purchases or sales of existing business, mergers, divisions or liquidations of business and other situations stipulated in the Romanian normative acts.

 


Keywords


valuation, market value, fair value, authorized valuer, asset valuation, business valuation, international valuation standards

References


[1] ANEVAR, Standarde de evaluare a bunurilor, Bucharest, 2016;

[2] Anghel Ion (coordinator) and collective, Evaluarea intreprinderii, Economica Publishing House, Bucharest, 2011;

[3] Appraisal Institute, Evaluarea proprietăţii imobiliare, 13th Edition, Romanian Edition, ANEVAR, Bucharest, 2011;

[4] Barrett A. Slade, Evaluarea clădirilor de birouri. O perspectivă actuală, IROVAL Publishing House, Bucharest, 2012;

[5] IASB, Manualul de Standarde Internationale de contabilitate pentru sectorul public -VOL. I si II, CECCAR Publishing House, Bucharest, 2013;

[6] IFRS Foundation, Standardele Internationale de Raportare Financiara - IFRS 2015-Partea A și Partea B, CECCAR Publishing House, Bucharest, 2015;

[7] IVSC, Îndrumar pentru evaluare 1. Fluxul de numerar, IROVAL Publishing House, Bucharest, 2012;

[8] IVSC, Standarde Internaţionale de Evaluare 2011, ANEVAR, Bucharest, 2011;

[9] Pestişanu Constantin, Şchiopu Corneliu, Clădiri: sisteme, subsisteme constructive, IROVAL Publishing House, Bucharest, 2004;

[10] Pestişanu Constantin, Burlacu Cristina, Şchiopu Corneliu, Constructii, cladiri si alte constructii ingineresti, ANEVAR Library Collection;

[11] Pratt Shannon, Abordarea prin piata a evaluarii intreprinderii, IROVAL Publishing House, Bucharest, 2008;

[12] Schiopu Corneliu, Costuri de reconstructie – coturi de inlocuire. Cladiri rezidentiale, IROVAL Publishing House, Bucharest, 2011;

[13] Şchiopu Corneliu, Metoda costurilor segregate, IROVAL Publishing House, Bucharest, 2011;

[14] Stan V. Sorin, Anghel Ion (coordinators), Evaluarea întreprinderii, Fifth Edition revised, IROVAL Publishing House, Bucharest, 2013;

[15] Sorin V. Stan, Bene Irina, Evaluarea proprietati imobiliare. Aplicatii, IROVAL and INVEL MULTIMEDIA Publishing House, Bucharest, 2012;

 

 

 


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