INTERNATIONAL ACCOUNTING STANDARD 41 (IAS 41) – IMPLICATION FOR REPORTING CROP ASSETS

Cornel Gabriel Niţă, Petru Ştefea

Abstract


A series of articles were written regarding International Accounting Standard 41 (IAS 41) – Agriculture in order to outpost the the implication of this standard over valuating the different biological assets. Valuation of crop assets are also a part of the IAS 41 objective.  Anyway,  this paper investigates the implications of International Accounting Standard 41 for European Union (EU) entities reporting on holdings of crop asset from thre  points of view: implication of production forecast over the accurate accounting, the impact over cash flow and the possibility like companies to use acoounting methodology on own interests.

Keywords


agricultural accounting; crop accounting; fair value; production forecast; international accounting standard

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LUCRĂRI ȘTIINȚIFICE MANAGEMENT AGRICOL

ISSN print 1453-1410
ISSN online 2069-2307
(former ISSN 1453-1410, E-ISSN 2069-2307)

PUBLISHER: AGROPRINT Timisoara, Romania
PAPER ACCESS: Full text articles available for free
FREQUENCY: Annual
PUBLICATION LANGUAGE: English

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Banat`s University of Agricultural Sciences and Veterinary Medicine “King Michael I of Romania” from Timisoara
Faculty of Management and Rural Tourism
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