Abstracting and IndexingРИНЦReferativny Zhurnal VINITI RAS Worldcat Google Scholar Online availableEastvieweLIBRARY.RU Biblioclub |
Recognition of self-produced foodstuffs according to ifrs in agricultural business
Available online: 9 April 2010 Subject Heading: PROBLEMS OF ACCOUNTING JEL Classification:
According to IFRS, evaluation of assets at their fair value requires the existence of an active market for this kind of property. In view of absence of an active market in this sphere, agricultural organizations face a problem of evaluation of self-produced feedstuffs such as hay, silage, haylage and straw. This presents an actual question for the companies of agricultural sector which are going through the transition to the practice of financial reporting according to IFRS. In the present article we suggest a method of evaluation of self-produced foodstuffs based on their nutritive value which allows to present objective information about the above-mentioned resources for agricultural companies. Keywords: self-produced foodstuffs, foodstuffs, IFRS, RAS (Russian Accounting Standards), transformation, agricultural sector, agro-industrial complex, agricultural business, International accounting practices, accounting practices in agriculture, financial accounting, cattle breeding |
ISSN 2311-9381 (Online)
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