Comparative study of heritage assets accounting

Document Type : Review Paper

Authors

1 Assistant Professor, Department of Accounting, Faculty of Management and Accounting, Shahid Beheshti University, Tehran, Iran.

2 Ph.D. Student, Department of Accounting, Faculty of Management and Accounting, Shahid Beheshti University, Tehran, Iran

3 M.Sc. Department of Accounting, Faculty of Social Sciences, Kurdistan University, Sanandej, Iran

Abstract

Heritage assets are often considered as one of the significant factors of economic development in every country. However, in order to measure these types of assets and their economic influence, certain tools and methodologies should be evaluated and implemented. On the other hand, as some of their aspects are subjective, accounting for all assets encounters serious shortcomings. Heritage assets belong to a category that for having a distinct nature, their identification and measurement faces many challenges. It appears that accounting for the mentioned assets is more difficult than other types of assets, also the standards for identifying and measuring them are different from other standards. In the present study, an attempt has been made to discuss the literature on heritage assets and the efforts made by standard-setting institutions worldwide on the way of identifying and measuring these assets. In Iran, there is no systematic and separate standard for the identification and measurement of these assets, and in Standards 5 and 7, specific criteria have been considered superficially.

Keywords

References

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History

  • Receive Date: 16 September 2021
  • Revise Date: 17 November 2021
  • Accept Date: 24 November 2021

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