Abstracting and IndexingРИНЦReferativny Zhurnal VINITI RAS Worldcat Google Scholar Online availableEastvieweLIBRARY.RU Biblioclub |
Assessment of biological assets at fair value under cost approach
Available online: 22 September 2013 Subject Heading: PROBLEMS OF ACCOUNTING JEL Classification:
The use of internationally recognized principles and accounting practices will increase the investment attractiveness of the agricultural organizations, which leads to the need to assess the objects of accounting at fair value. In the article the need of application of fair value is proved at an assessment of biological assets, three approaches to an assessment at fair value are revealed: market, expensive and profitable. On the example of animals of dairy herd of cattle the technique of determination of fair value of cows within expensive approach is considered. As a result of the made calculations the cost of estimated animals within expensive approach appeared above their balance cost (almost 1, 3 times on the example of 10 animals). Keywords: biological assets, assessment, cost approach, cows |
ISSN 2311-9381 (Online)
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