IDEAS home Printed from https://ideas.repec.org/a/iaf/journl/y2013i2p43-47.html
   My bibliography  Save this article

Substantiation of Biological Assets Classification Indexes for Enhancing Their Accounting Efficiency

Author

Listed:
  • Rayisa Tsyhan

    (Kremenchuk Mykhailo Ostohradskyi National University)

  • Olha Chubka

    (Kremenchuk Mykhailo Ostohradskyi National University)

Abstract

Present day national agricultural companies sell their products in both domestic and foreign markets which has a significant impact on specifics of biological assets accounting. The article offers biological assets classification provided in the Practical Guide to Accounting for Biological Assets and, besides, specifications proposed by various scientists. Based on the analysis, biological assets classification has been supplemented with new classification factors and their appropriateness has been also reasoned. According to the authors, for enhancing biological assets account efficiency the classification should be sufficiently detailed and, at the same time, it should prevent cases of double accounting of one and the same objects. Each of the following class mark should add the previous one. Classification of biological assets should be carried out based on the criteria that would take into consideration natural characteristics of crop and livestock assets and specifics of present market.

Suggested Citation

  • Rayisa Tsyhan & Olha Chubka, 2013. "Substantiation of Biological Assets Classification Indexes for Enhancing Their Accounting Efficiency," Oblik i finansi, Institute of Accounting and Finance, issue 2, pages 43-47, June.
    • Handle: RePEc:iaf:journl:y:2013:i:2:p:43-47
    as

    Download full text from publisher

    File URL: http://www.afj.org.ua/pdf/67-ob-runtuvannya-klasifikaciynih-oznak-biologichnih-aktiviv-dlya-pidvischennya-efektivnosti-ih-obliku.pdf
    Download Restriction: no
    File URL: http://www.afj.org.ua/ua/article/67/
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    biological asset; guide to accounting for biological assets; classification of biological assets; immature biological assets; agricultural produce;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:iaf:journl:y:2013:i:2:p:43-47. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Serhiy Ostapchuk (email available below). General contact details of provider: https://edirc.repec.org/data/iafkvua.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.