15 Finances - Accounting INCORPORATED IMMOBILIZED ACTIVES: IMPORTANCE, VALUATION, REVALUATION Assoc. Prof. PhD Sorinel Domnioru PhD Student Sorin Vîntoru Lect. PhD Daniela Giurescu University of Craiova Faculty of Economy and Business Administration, Craiova, Romania Abstract. In this article, we tried to display two problems. The first problem refers to the fact that, for the incorporated actives, it is stipulated in the law that the subsequent valuations are performed starting with the historic cost, except the amortization and the adjustments in case of devaluation, cumulated. This method has been inspired by the basic accounting treatment foreseen by IAS 38. The second problem relates to the fact that the application of the alternant accounting treatment, when revaluing the incorporated actives starting from the just value, is not only forbidden by the legal regulations from our country, but also perceived as a little further in time until the adoption, mainly because the just value must be reported at an active market. Keywords: incorporated immobilizations, recognition, initial valuation, revaluation, subsequent valuation, schedule of assets and liability valuation The unsatisfying position (place, share and importance) occupied by the incorporated actives in the managers’ perception and preoccupations, as well as in the small and intermediate firms’ patrimony represents the consequence of the conjugated action of several objective and subjective factors, such as: a. inherent characteristics of the incorporated actives (immateriality, volatility, heterogeneity, diversity, contradictory dynamism of the value, polymorphism, strong subjective load attached to them, quick moral wearing out); b. the insufficient interest manifested and the reduced importance given by the managers and specialists in the financial and managerial area and the business area towards these valuable patrimonial resources; c. imprecision and ambiguity of the intern and international legal regulations related to it, especially with regard to the recognition, subsequent valuation, devaluation and amortization. The importance of the incorporated actives in the contemporary economy (post-industrial) consists, generally speaking, in the fact that generation and using them judiciously represent the greatest wealth source and create the largest value-added rate, as it is based on the cheapest and most available resources (factors): imagination, creativity, emotion, feelings, belief, passion, vision etc. of the people (with the condition that they are stimulated and lead in a positive and efficient way, by consolidation, good-will, harmony and synergy among all those that work together and / or have interests in the firms activity - Stakeholders): shareholder, investors, managers, employees, state institutions, creditors, suppliers, clients, local communities, mass-media etc. What else, more than the factors enumerated above, create letters patents, well- known brands, know-how, secrete prescriptions, high quality products, prestige and a