THE ACCOUNTANT AND FISCAL POINT OF VIEW ON THE DEPRECIATION AND THE ADJUSTMENTS FOR THE DEPRECIATION OF TANGIBLE ASSETS

A special issue that is raised in the case of accountant system connected to fiscality is that of drawing the true image of the financial position and the entity’s performances by converging the accountant rules with the fiscal ones, of the regularity and correctness of the financial periodical reports. There are some issues that lead to conflicts between accountancy and fiscality regarding the true image of the financial position of the entity and they are met when using different depreciation systems, when constituting the risk and expenses provisions, when establishing and registering the adjustments of depreciation and value losses, that, as it is well known, only in few cases they are fiscaly educible, when determining the taxable profit and, implicitly the profit taxation. The accountant depreciation is different from the fiscal depreciation. It doesn’t reflect, in all cases, the effective loss of value of the tangible assets, but only the allocation of its cost for a period of time.