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Finance Books
Finance Books
Finance Books
Prices are calculated for:Malta, Other Payment Options
The book presents the provisions of the Greek Accounting Standards - E.L.P. (Law 4308/2014) regarding the valuation-revaluation, as stated in article 24 of Law 4308/2014, of the following assets at historical cost and fair value.
The rule of E.L.P. is that the assets of the business 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 mainly the following:
Real estate
With E.L.P., the real estate of businesses is divided into two categories: self-used and investment. Businesses have the ability to readjust, that is, to value-revaluate separately each of these two categories. The book provides a detailed presentation, with practical examples, of the provisions of article 24, where the accounting for the readjustment of real estate, depreciation, deferred taxes, and income tax calculation, as well as the preparation of financial statements, is presented.
Biological assets
The book provides a detailed presentation of the provisions of E.L.P. and the issuance of interpretive guidelines by E.L.T.E. regarding the valuation at fair value, as well as at historical cost of biological assets, with the presentation of detailed explanatory examples.
Financial assets
Financial assets, as distinguished by E.L.P., fall 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 readjustment of financial assets, deferred taxes, and income tax calculation, 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, at the same time, the court decisions that judged certain disputed issues of real estate readjustment. Various articles regarding the readjustment of the value of real estate are also included.
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