Accounting Practices Regarding the Non-Current Assets Held for Sale

Manea, Marinela Daniela; Veronica, Stefan

doi:10.29358/sceco.v0i15.69

Cited by 2 publications

(2 citation statements)

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“…However, the merger of the claim for default with PMH is not not allowed, looking back at the Supreme Court Decision No. 866 K/Pdt/2007 dated October 24, 2007 confirmed the cumulative objective between default and PMH, but with a note that these two things must be clearly explained separately, so as not to confuse judges [14].…”

Section: Fictitious Orders Seen From the Civil Sidementioning

confidence: 91%

Settlement of Fictitious Ordering Cases Made by Users of Information Technology-Based Application Services on Online Transportation

Kristianto,

Njatrijani,

Suradi

2023

Proceedings of the International Conference on Sustainability in Technological, Environmental, Law, Management, Social and Econ

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Online transportation is facing a problem called fake orders, which causes loss for many people. This study aims to understand regulations about fake orders and the solution. The approach method used in this study is juridical-empiric with research specifications as the descriptive-analytical. The sample is determined through purposive and accidental sampling, then data collected by literature study and interviews, data is analyzed through juridically qualitative techniques. The result of the study shows that fake orders are seen as defaults and can be resolved through a court lawsuit or alternative resolution dispute. On the other hand, companies choose to compensate drivers as the most popular solution to solve the problem of fake orders.

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Section: Fictitious Orders Seen From the Civil Sidementioning

confidence: 91%

Settlement of Fictitious Ordering Cases Made by Users of Information Technology-Based Application Services on Online Transportation

Kristianto,

Njatrijani,

Suradi

2023

Proceedings of the International Conference on Sustainability in Technological, Environmental, Law, Management, Social and Econ

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“…According to the studies by Gornik-Tomaszewski and Shoaf (2004) and Manea and Stefan (2010), the reclassification of a non-current asset to current assets as held for sale should occur by meeting certain criteria, which are: i) recovery the book value through the sale of the asset; ii) the asset must be immediately available for sale, only the procedures inherent to the sale being allowed; iii) it will be necessary for the transaction value to be adequate to its fair value; and iv) the sale must be highly probable, that is, a sale plan must be in progress whose objective is to find a buyer so that the transaction can be effectively concluded in less than 12 months.…”

Section: Non-current Assets Held For Sale and Discontinued Operationsmentioning

confidence: 99%

Non-current assets held for sale and discontinued operations: an analysis in the level of evidence and the characteristics of publicly traded Brazilian companies

Silva

Souza²

2022

AMBIENTE

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Purpose: The objective of this research is to analyze the level of disclosure and the characteristics of publicly traded Brazilian companies in relation to non-current assets held for sale and discontinued operations. Methodology: To analyze the level of disclosure, a checklist was created based on CPC 31 (2009). This study is classified as documentary, considering that the Notes to the Financial Statements, the Balance Sheet and the Statement of Income for the Year of the companies included in the sample were analyzed. The problem approach was qualitative. The sample consists of all companies in Brazil, Bolsa, Balcão (B3) that presented non-current assets held for sale (NCAHS) and / or discontinued operations (DO) in 2018, which corresponds to 67 companies divided into 10 operating sectors. The characteristics analyzed were: sector of activity, corporate governance, profitability, auditing company, and shares are traded on the New York Stock Exchange (NYSE). Results: The results suggest that companies that fall under the New Market, have negative profitability and trade shares on the NYSE tend, on average, to perform a higher level of disclosure of NCAHS and DO. The sectors with the highest concentration of NCAHS and DO were Industrial Goods and Cyclic Consumption, both comprising 16 companies out of 67 in the sample. The nature of NCAHS that stood out the most were the subsidiaries, with 49% representativeness. It was observed that companies still need to improve their disclosure, as the sample average was 44%. Contributions of the Study: The realization of the present investigation contributes in the sense that the accounting practice pertaining to NCAHS and DO is relatively recent in Brazil and many academics may still have doubts about the subject, considering that the accounting pronouncement CPC 31 brought new disclosure procedures. In this sense, this research contributes towards presenting the way in which Brazilian public companies are showing NCAHS and DO in an updated context, demonstrating that they need to improve the level of information disclosed to fully comply with CPC 31.

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Accounting Practices Regarding the Non-Current Assets Held for Sale

Abstract: SummaryGenerally the non-current assets, and especially the tangible assets, are held by the entity (

Cited by 2 publications

References 1 publication

Settlement of Fictitious Ordering Cases Made by Users of Information Technology-Based Application Services on Online Transportation

Settlement of Fictitious Ordering Cases Made by Users of Information Technology-Based Application Services on Online Transportation

Non-current assets held for sale and discontinued operations: an analysis in the level of evidence and the characteristics of publicly traded Brazilian companies

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