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Biological Assets Accounting In The Agricultural Sector

Author

Listed:
  • Monica Laura ZLATI

    (Stefan cel Mare University of Suceava, 720229, Romania)

  • Cristian MIRICA

    (Universitatea Dunărea de jos Galați, Romania)

Abstract

Biological assets are a basic renewable resource for the agricultural sector. Due to their complex nature and transformation of their structure or destination over time, the recognition and accounting treatment of biological assets is a challenge for small agricultural entities due to the limited nature of the business and due to the disclosure of assets required by current accounting. The paper aims are to approach by empirical methods the casuistry of biological assets from an accounting perspective and to present a dashboard for adequate accounting procedures in the case of biological assets. The article is useful to economic entities in the agricultural sector, bringing to light the latest practices regarding accounting approach for biological assets by reference to the international IAS / IFRS standards.

Suggested Citation

  • Monica Laura ZLATI & Cristian MIRICA, 2021. "Biological Assets Accounting In The Agricultural Sector," European Journal of Accounting, Finance & Business, "Stefan cel Mare" University of Suceava, Romania - Faculty of Economics and Public Administration, West University of Timisoara, Romania - Faculty of Economics and Business Administration, vol. 15(25), pages 1-7, February.
    • Handle: RePEc:scm:ejafbu:v:15:y:2021:i:25:p:1-7
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    References listed on IDEAS

    as
    1. Viorel Lefter & Aureliana Geta Roman, 2007. "IAS 41 Agriculture: Fair Value Accounting," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 5(5(510)), pages 15-22, May.
    2. Liliana FELEAGĂ & Niculae FELEAGĂ & Vasile RĂILEANU, 2012. "Theoretical considerations about implementation of IAS 41 in Romania," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(2(567)), pages 31-38, February.
    3. Siti Nuryanah & Sardar M. N. Islam, 2015. "The Context of the Case Study," Palgrave Macmillan Books, in: Corporate Governance and Financial Management, chapter 5, pages 145-156, Palgrave Macmillan.
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