Publication: Valuation of biological assets and agricultural production according to IAS 41- theory versus applicability
Date
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Journal ISSN
Volume Title
Publisher
ASEM
Abstract
Description
SOCOLIUC, Marian, SCHIPOR, Rodica, SOLOVASTRU, Emanuela Marinela. Valuation of biological assets and agricultural production according to IAS 41- theory versus applicability. In: Prospects of accounting development: the young researcher's view [online]: international scientific student conference, November 22, 2017: Collection of articles. Chişinău: ASEM, 2018, pp. 155-162. ISBN 978-9975-75-895-6.
Implementation an accontant system for the entreprises with agricultural activity can represent an instrument importantly in fight with the others competing.The efficiency this system not can be recognized if only by an increase in informational quality, essential in insurance correctness of process of reporting this information. Starting from these aspects, the objective of our paper is oriented on the analysis of the characteristics defining this specific system to the agricultural entities trough the necessity of applying the provisions of IAS 41, for listed companies, respectively by applying OMFP 1802/2014 in accordance with Directive 34 CEE/2013. JEL: M 41, O 13
Implementation an accontant system for the entreprises with agricultural activity can represent an instrument importantly in fight with the others competing.The efficiency this system not can be recognized if only by an increase in informational quality, essential in insurance correctness of process of reporting this information. Starting from these aspects, the objective of our paper is oriented on the analysis of the characteristics defining this specific system to the agricultural entities trough the necessity of applying the provisions of IAS 41, for listed companies, respectively by applying OMFP 1802/2014 in accordance with Directive 34 CEE/2013. JEL: M 41, O 13
Keywords
IAS 41, agricultural activity, OMFP 1802/2014, biological assets