Home  Journals  International Accounting  16(148) - 2010 November

Peculiarities of application IFRS 41 «Agriculture» in Russian practice of accounting and reporting

Available online: 18 November 2010

Subject Heading: REFORMING OF ACCOUNTING

JEL Classification: 

In the article the order IFRS 41 «Agriculture» in Russian practice of making consolidated reporting is analyzed. Problem questions of biological classification are observed, including long-term and short term, their content is pr?cised. Ways of biological resources valuing using in the Russian practice according to (the actual self-cost, plan or norm cost) and IFRS 41(fair cost), development of biological resources valuing are analyzed. Economical operations and account correspondence by parallel accounting method for further undividual reporting of farm enterprise and presenting in the basis company are suggested.

Keywords: bookkeeping accounting, finance reporting, consolidated reporting, individual reporting, biological resources, perennial plants, breeding and fattening animals, expenses for producing plant growing and animal husbandry production

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

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