Abstract

The recent approval of the Italian accounting standard called «ITAS 4-Immobilizzazioni materiali» introduces the accounting evaluation of heritage item as assets. The purpose of this essay is to examine future criteria for assessing the monetary value of heritage assets as part of the financial statements. This article highlights how Italy will record heritage items into its accounting system as assets, along with the proposed methodology for assessing their accounting value. The analysis demonstrates the implications of assigning an economic and monetary value to heritage items, particularly regarding their inclusion among the assets of public budgets