|
ISSN: 2344 - 102X
ISSN-L: 2344 - 102X
Our journal is currently indexed in the following databases:
|
| |
Article from Volume 7, Number 3, Year 2019| CONSIDERATIONS REGARDING THE ACCOUNTING CHALLENGES DERIVED FROM THE APPLICATION OF THE ACCOUNTING POLICIES PROVIDED IN IAS 41 | 
Download | | Author(s): Veronica Grosu, Mihaela - Ionela Socoliuc | | DOI: 10.4316/EJAFB.2019.735 | | Abstract: In recent decades, there has been an increasing interest for the agricultural sector worldwide due to a multitude of factors such as: commodity market instability and rising food prices, population growth, environmental constraints on food production and the consequences of climate change. The society is aware on a day to day basis that nutrition, and especially its quality, plays an essential role in maintaining vitality and health. Because we live in a consumer society, managerial decisions and investments must be directed towards the development of high agriculture at the level of European and international requirements, but at the same time there is also the effort to preserve the culture, nature and naturalness of this sector according to each countryThese aspects, in today's reality, have given agriculture a strategic role on issues of vital importance for the development of society and the world economy. The significance of the agricultural field extends beyond the investment itself, thus the role of accounting according to international reporting standards, receives a particular note in this sector of activity, the authors pointing precisely to the fundamental accounting specifications that an accounting professional must know in relation to this subject. Therefore, the purpose of this article is to present the reflection in accounting of specific operations in the agricultural field, by using a practical example - an accounting monograph of a company with agricultural activity, more specifically in the fruit growing sector. | | Keywords: Accounting Policies, IAS 41, Fair Value, Evaluating. | References:
1. Argilés, J.M., Garcia-Blandon, J., Monllau, T. (2011). Fair Value Versus Historical Cost-Based Valuation For Biological Assets:
Predictability Of Financial Informations, Revista De Contabilidad-Spanish Accounting Review, 14(2), 87-113.
2. Argilés, J.M., Slof, E.J. (200
1). New Opportunities For Farm Accounting, European Accounting Review 10(2), 361-383
3. Aryanto, Y. H. (2011). Theoretical Failure Of IAS 41: Agriculture, S.1-5, Retrieved 3 January 2019 From Http://ssrn.com/abstract=1808413.
4. Cassandro, P. E. (1970). Le Aziende Agrarie: Caratteristiche Organizzative E Di Gestione. Cacucci, Bari, 24.
5. Corbella, S. (2000). L’impresa Agricola, Caratteri Distintivi, Profili Di Rischio E Dinamiche Aggregative. Franco Angeli, Milano.
6. Cosmulese, C.G. (2019). A Literature Review Of Articles Assessing The Extent Of Compliance With IAS 41, European Journal Of Accounting, Finance & Business, 10(20).
7. Cosmulese, G. C., Mihai, L. (2019). The Importance Of Forestry At Macroeconomic And Microeconomic Level. Ecoforum Journal, 8(1).
8. Feleag?, L., Feleag?, N., R?ileanu, V. (2012). Theoretical Considerations About Implementation Of IAS 41 In Romania. Theoretical And Applied Economics, 2(2), 31-38.
9. Gavrilescu, D., Davidovici, I., Toderoiu, F., Gavrilescu, C., Rusali M., T. C., Florian, V., Tudor, M. (2006). Agricultura ?i Spa?iul Rural Românesc Din Perspectiva Dezvolt?rii Durabile. Academia Român?, Institutul Na?ional De Cercet?ri Economice, Institutul De Economie Agrar?, Bucure?ti, 240.
10. Lefter, V., Roman, A. G. (2007). IAS 41 Agriculture: Fair Value Accounting. Theoretical And Applied Economics, 5(510), 15-22.
11. Mate?, D., Grosu, V. (2008). Evaluating And Recognizing Biological Assets And Agricultural Activities According To IAS 41, Lucr?ri ?tiin?ifice, Seria Agronomie, 51, 457-462
12. Mates, D., Grosu, V., Hlaciuc, E., Bostan, I., Bunget, O., Domil, A., Artene, A. (2015). Biological Assets And The Agricultural Products In The Context Of The Implementation Of The IAS 41: A Case Study Of The Romanian Agro-food System. Archives Of Biological Sciences. 67(2), 705-714.
13. Mate?, D., Stanoiov, S. (2017). Particularit??i Privind Organizarea Contabilit??ii în Agricultur?. Simpozion „Pavel Ciuce” Edi?ia A XV-a „Adaptabilitate, Divergen?e ?i Perspective în Contabilitatea ?i Fiscalitatea Contemporan? (197-206). Agroprint Timisoara, Romania.
14. Mihalciuc, C., Socoliuc, M. (2008). Theoretical And Practical Aspects Referring To The Application Of IAS 41–Agriculture. Lucrari ?tiintifice-Seria Agronomi, 51, 249-254.
15. Moisa, C., Mircov, V. D., Cozma, A. (2012). Drought–a Risk Factor In Agriculture In Western Plain Of Autumn 2011. Research Journal Of Agricultural Science, 44(3), 86-94.
16. Price Waterhouse Coopers (2009). Forest Industry: Application Review Of IAS 41, Agriculture: The Fair Value Of Standing Timber, Global Forest, Paper & Packaging, Retrieved 3 January 2019 From Http://www.pwc.com/cl/es/publicaciones/assets/forest-industry.pdf
17. Toma, C. (2005). Recunoasterea Si Evaluarea Activelor Biologice Si Produselor Agricole. Analele Stiintifice Ale Universitatii" Alexandru Ioan Cuza" Din Iasi-Stiinte Economice, 50, 133-139.
18. ***IAS 41, Agriculture, Par.2-3 Included In International Financial Reporting Standards (IFRS), Part A, CECCAR, Bucharest, 2015.
19. *** ORDER No. 2844/2016 Of December 12, 2016 For The Approval Of The Accounting Regulations In Compliance With The International Financial Reporting Standards Published In: The Official Monitor No. 1020 Of December 19, 2016, Retrieved 3 January, 2019 From Https://static.anaf.ro/static/10/Anaf/legislatie/OMFP_2844_2016.pdf
|
| | Back to journal ... |
|
|
| |
|
|
|
