DEFINING THE ACCOUNTING TREATMENT OF THE CONCESSION ACCORD CONTRACTS
Supp/2008 , p741..748
Author(s):
Stefan Aurel RĂILEANU
Keywords:
IFRS, normalisation, accounting treatment, service concession arrangements
Abstract:
Nowadays, in the context of an upturning economy, it is necessary to develop public service’s infrastructure concerning roads, bridges, tunnels, hospitals, airports, water distribution, energy and communication networks. This infrastructure is developed and maintained mostly by the government and it is financed by public budgetary credits, but in some countries the government has introduced contracts (accords of services concession) in order to incite the private sector to participate to this development. The problem is that the national accounting regulations concerning the recognition and the integration of these contracts within the financial statements are most of the time very diverging. As a response to these issues, the present study intends to define the accounting treatment of the concession accord contracts and it relies on the International Financial Reporting Standards content.
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