What accounting policies apply to non-current assets?

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Frequently Asked Questions
How are non-current assets valued in financial statements?
Non-current assets are recorded at their acquisition cost less accumulated depreciation or amortization.

How does depreciation affect non-current assets?
Depreciation reduces the carrying amount of non-current assets over their useful lives.

Key policies: initial cost recognition, depreciation/amortization, impairment tesWhat is Corporate Social Responsibility and why is it important for companies?
In addition to providing goods or services, it is well known that businesses have a significant impact on society and the local communities where they operate. From creating jobs to using the natural resources of a specific area, every business has a responsibility to ensure social and economic well-being.

In this sense, Corporate Social Responsibility could be defined as the commitment of companies to work ethically and seeking social good. In this way, all their operations are planned taking into account the economic and environmental impact they may generate.

The company seeks to generate a benefit for its employees and for people close to the community where it operates. All this without seeking economic benefits, which is a fundamental characteristic of CSR.

Importance of Corporate Social Responsibility
Today's business world is extremely complex and many of the actions taken can affect society in the short and long term. For this very reason, all businesses and industries must take responsibility for taking sustainable actions that favor social and economic improvement and the protection of their human resources.

Although there are many laws that regulate this type of behavior, it is list of usa cell phone number important that companies adopt this commitment voluntarily, since this is how better results are achieved. On the other hand, maintaining a Corporate Social Responsibility (CSR) policy helps you improve the perception of your clients and even new investors.

Types of Corporate Social Responsibility
Now that you know what Corporate Social Responsibility is, it is time for you to learn about its types, which are:

Social and environmental responsibilities: this includes all actions that seek to improve the environmental condition of an area, or also when it is a matter of reducing the damage that was caused previously. Whatever the case, it is one of the most important modalities today.
Philanthropic responsibility: this considers all the actions that the company carries out to benefit society. We are then talking about social initiatives such as donations to charitable causes or volunteering days for non-profit organizations.
Ethical responsibility: in this case, the institution's commitment to play a social role where its activities are correct and fair for society and in the commercial sphere itself is considered.
Economic responsibility: Finally, actions that seek to generate a positive impact on the economy, promoting the creation of new jobs and providing quality goods and services, are considered here.
Maintaining initiatives that seek to help society can be complicated and requires a lot of time and investment of resources. However, the results can be very satisfactory and bring benefits to the company in the long term.