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ISSN: 2344 - 102X
ISSN-L: 2344 - 102X
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Article from Volume 9, Number 1, Year 2021| BIOLOGICAL ASSETS ACCOUNTING IN THE AGRICULTURAL SECTOR | 
Download | | Author(s): Monica Laura Zlati, Cristian Mirica | | DOI: 104316/EJAFB.2021.911 | | Abstract: Biological assets are a basic renewable resource for the agricultural sector. Due to their complex nature and transformation of their structure or destination over time, the recognition and accounting treatment of biological assets is a challenge for small agricultural entities due to the limited nature of the business and due to the disclosure of assets required by current accounting. The paper aims are to approach by empirical methods the casuistry of biological assets from an accounting perspective and to present a dashboard for adequate accounting procedures in the case of biological assets. The article is useful to economic entities in the agricultural sector, bringing to light the latest practices regarding accounting approach for biological assets by reference to the international IAS / IFRS standards. | | Keywords: Agriculture, Biological Assets, International Standards, Accounting Procedures | References:
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