use and extent of replacement value accounting in the Netherlands
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use and extent of replacement value accounting in the Netherlands by R. K. Ashton

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Published by Institute of Chartered Accountants in England and Wales in London .
Written in English

Subjects:

  • Accounting -- Netherlands.

Book details:

Edition Notes

StatementR.K. Ashton.
ContributionsInstitute of Chartered Accountants in England and Wales.
Classifications
LC ClassificationsHF5616.N2
The Physical Object
Pagination207p. ;
Number of Pages207
ID Numbers
Open LibraryOL20119700M
ISBN 100852913095

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Find out about the accounting rules in the Netherlands: accounting principles and standards: International Financial Reporting Standards (IFRS) as adopted by the EU apply to all domestic and foreign public companies. Small entities must choose between Book 2 of the Dutch Civil Code combined with fiscal valuations, Dutch Accounting Standards for small entities, Dutch Accounting Standards . The NCC and Dutch Accounting Standards (DASs) comprise the Netherlands Generally Accepted Accounting Principles (NL GAAP). Companies are well advised to comply with DASs and are furthermore recommended to use the DASs for reference when interpretation of Title 9 of the Netherlands Civil Code is required. Replacement-cost may be higher or lower 12 than original cost. The cost-or-market rule dictates the use of replacement-cost for merchandise but only when this quantity is less than original-cost. The present dis-cussion will suggest the advantages of al-ways showing the replacement-cost of merchandise inventories in commercial and industrial. NETHERLANDS International Comparison of Insurance Taxation January Netherlands – General Insurance (continued) 5 PREVIOUS NEXT EXIT PRINT Investment valuation Investment income Allowed and commonly used methods are valuation at cost price, market value and, for some investments, redemption value. Included in P&L.

Dutch GAAP (accounting standards in the Netherlands) The Dutch accounting rules are regulated by law. The Dutch Generally Accepted Accounting Principles (Dutch GAAP) are mainly based on EU directives. Dutch GAAP applies to a BV and a NV as well as other entities, like for . In case a building is used for your own business, the minimum tax value is determined at 50% of the 'WOZ' value. For example, if the book value of the building is € ,, the 'WOZ' value is € and the building is used for your own business, it is possible to depreciate on the buildings up to a book value of € , (i.e. 50%.   As a member state of the European Union, the Netherlands is subject to EU// Regulation on the application of international accounting standards (IAS).. The EU IAS Regulation requires application of IFRS Standards as adopted by the EU for the consolidated financial statements of European companies whose securities trade in a regulated securities market starting in   Heineken from the Netherlands stated in its annual report that its reconciliation adjustment in PP&E reflects “the change from statement at estimated replacement cost to historical cost.” 4 Woolworth from Australia explained that “certain items of property, plant and equipment that were previously revalued will be restated at cost on.

and Dutch Accounting Standards (DASs) comprise the Netherlands Generally Accepted Accounting Principles (NL GAAP). Companies are well advised to comply with DASs and are furthermore recommended to use the DASs for reference when interpretation of Title 9 of the Netherlands .   market practice in the Netherlands. In this year’s KPMG Pensions Accounting Survey we take a closer look at the assumptions that companies have used to value their pension liabilities as at Year-End. In addition, we comment on some important changes in the Dutch pension environment. In this survey the companies listed on the Euronext. The term replacement cost or replacement value refers to the amount that an entity would have to pay to replace an asset at the present time, according to its current worth.. In the insurance industry, "replacement cost" or "replacement cost value" is one of several method of determining the value of an insured item. Replacement cost is the actual cost to replace an item or structure at its. neither the group or composite convention of accounting result in the recognition of a gain or loss upon the retirement of an asset. Rather, any difference between the net book value of the assets and the value realized at retirement (salvage proceeds less removal and disposal costs) are embedded in accumulated depreciation and.