The management and accounting monitoring of tangible fixed assets in accordance with the International Financial Reporting Standards (IFRS) plays a key role in the financial management of the company. Tangible fixed assets, often represent a significant part of a company's total assets, and its proper management can have a long-term impact on the company's financial results and position. Recognition of tangible fixed assets refers to their recording in the company's financial statements. IFRS provide guidance and requirements for the recognition, measurement and derecognition of tangible fixed assets. Recognition occurs when the cost of the asset is reliably measurable and it is probable that the future economic benefits associated with the asset will flow to the company. After initial recognition, it is important to define accounting policies for the subsequent measurement of fixed assets. This includes the decision to use the cost or revaluation method. The cost method implies the measurement of fixed assets at the purchase price less accumulated write-offs, while revaluation enables the recognition of changes in the market value of assets. This decision depends on the specifics of the company and the type of assets it owns.