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The fact that the accounting can only submit one representation of the reality normally leads to the problem of not mistaking the image for the reality, of being fully aware of the gap between the two of them and of not becoming a prey of a dangerous illusion – such as it often happens with the amateur users of the accounting. We must admit that this image itself can create a new reality and influence the conduct of the economic agents by producing certain effects. The issue of accounting truth or, more specifically, the adaption of the image within the accounting to the economic reality should be evaluated on the grounds of criteria such as accuracy, authenticity and validity. Accuracy does not have to mean the exactness specific to a copy or the resemblance with a model since this reason is not unique and depends on the vision of the social protagonists. Therefore, it mainly refers to the other meaning of the term “accuracy”, which we should keep in mind: an image that we can trust, that is trustworthy. The debate over accountancy and state assets evaluation in governmental financial reports is a complex problem. In this paper we present evaluation methods of the government fixed assets, its illustrations in public entities financial reports – developing evaluation principles, we treat depreciation accounting and assets maintenance expenditures, and some perspectives over the approached domain.