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Description
Specifications
The book presents the provisions of the Greek Accounting Standards - G.A.S. (Law 4308/2014) regarding the valuation, as stated in article 24 of Law 4308/2014, of the following assets at historical cost and fair value.
The rule of G.A.S. is that the assets of the company are valued at historical cost (articles 18 to 28 of the fifth chapter of Law 4308/2014). An exception is article 24, which refers to the use of fair values for selected assets and liabilities. The assets that can be valued at fair value are primarily the following:
Real estate: Under G.A.S., the real estate of companies is divided into two categories: owner-occupied and investment properties. Companies have the option to revalue, that is, to measure at fair value, separately for each of these two categories. The book provides a detailed presentation, with practical examples of the provisions of the aforementioned article 24, where the accounting for the revaluation of real estate, depreciation, deferred tax, and the calculation of income tax, as well as the preparation of financial statements is presented.
Biological assets: The book provides a detailed presentation of the provisions of G.A.S. and the interpretative guidance issued by the Hellenic Accounting and Auditing Standards Authority regarding the valuation at fair value as well as at historical cost of biological assets, with the inclusion of detailed explanatory examples.
Financial assets: The financial assets, according to G.A.S., are distinguished into the following categories: i) Financial assets available for sale, ii) Financial assets of the trading portfolio and financial liabilities that are part of the trading portfolio, iii) Derivatives for hedging. The book provides a detailed presentation, with practical examples of the provisions of article 19 (valuation at historical cost) and article 24 (valuation at fair value), where the accounting for the revaluation of financial assets, deferred tax, and the calculation of income tax, as well as the preparation of financial statements is presented.
Finally, in the second part of the book, the reader can study the provisions in force until 31.12.2014 as well as the various solutions provided by the Ministry of Finance and the decisions of the courts that ruled on certain disputed issues of revaluation of properties. Additionally, various articles regarding the revaluation of property values are also presented.
Manufacturer
Specifications
- Authors
- Georgios Alifantis, Georgios S. Alifantis
- Publisher
- Diplografia
- Language
- Greek
- Cover
- Soft
- Number of Pages
- 482
- Release Date
- 28/09/2017
- Publication Date
- 2017
- Dimensions
- 17x24 cm
- ISBN-13
- 9786185198176
Book Type
- Diversity, Equity & Inclusion (DEI)
- No
Important information
Specifications are collected from official manufacturer websites. Please verify the specifications before proceeding with your final purchase. If you notice any problem you can report it here.