ABSTRACT
The
opening of the accounting to the actuarial calculation is a normal consequence
of its evolving spirit. At the origin of the international accounting standards
lies the framework for preparing, presenting and disclosing the financial
statements. The framework stays as a reference matrix, as a standard of
standards, as a constitution of financial accounting. According to the
international framework, the financial statements use different evaluation
bases: the historical cost, the current cost, the realizable (settlement)
value, the present value (the present value of cash flows). Choosing the
evaluation basis and the capital maintenance concept will eventually determine
the accounting evaluation model used in preparing the financial statements of a
company.
KEY
WORDS Actuarial accounting, current costs, fair value accounting, present
value, framework, realizable (settlement) value
CITE THIS WORK
- Related Works
- Internal Audting – An Instrument Of Control In The Public Sector. (a Case Study Of Abia State Ministry Of Education)
- Internal Control System: A Necessity To The Survival And Growth Of Public Organization (a Case Study Of Power Holding Company Of Nigeria. Enugu)
- Importance Of Community Bank In Rural Areas A Case Study Of Nise Community Bank,
- The Usefulness Of Data Base In Financial Institution
- Funding Of Federal Parastatals (a Case Study Of Federal Radio Cooperation Of Nigeria In Enugu State)
- Audit Planning And Control A Study O The Procedure In Some Selected Accounting Firms
- Evaluation Of Problems And Prospects Of Debts Settlement In Internation Trade
- The Use Of An Internal Audit As An Aid To Management Control
- Impact Of Inflation On The Nigeria Economy
- The Effect Of Internal Audit On The Performance Of The Private Firm A Study Of M. B Anamco Ltd, Emene Enugu State