Home  Journals  International Accounting  15(147) - 2010 November

Biological assets recognition and disclosure. valuation methodology

Available online: 8 November 2010

Subject Heading: REPORTING REFORMING

JEL Classification: 

Today investing in agriculture is one of priority and socially significant trends in business. IFRS financial statements of agricultural companies are a guarantee of effective and transparent management in these companies. Biological assets are one of most significant entries in IFRS accounts. Article presents information about most complex aspects of biological assets fair value determination. Formats of information disclosure in financial statements are discussed. As a result, the technology of biological assets valuation and disclosure was suggested in order to make financial statements transparent and useful for investors. This technology was implemented on several Russian companies.

Keywords: biological assets, disclosure, valuation methodology, financial reporting in agriculture

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ISSN 2311-9381 (Online)
ISSN 2073-5081 (Print)

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