EconPapers    
Economics at your fingertips  
 

Problems of milk quota management in accounting system their effect on property status of enterprises

Arpad Kiss

Acta Agronomica Ovariensis, 2009, vol. 51, issue 1, 9

Abstract: According to both international and Hungarian accounting standards milk quota shall be capitalised among the assets of the enterprises. It is necessary for the implementation of the activity; its value can be defined based on market processes and regulations of the authorities. Due to the possibility of trading quotas on the market it would be the only solution to avoid the recognition of requested and purchased quotas on different values in the accounting system. Considering the total amount of quotas a HUF 40 billion increase of assets could be reached by the enterprises in milk production, if quotas were recognized among the intangible assets. Based on the results of a questionnaire survey the majority of enterprises did not perform the valuation tasks, therefore the total asset value is lower than the realistic value by HUF 50 million (by 7.2% of the total asset value). The study introduces the possible methods of the calculation of historical cost and depreciation.

Keywords: Agricultural and Food Policy; Agricultural Finance; Financial Economics (search for similar items in EconPapers)
Date: 2009
References: View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://ageconsearch.umn.edu/record/54039/files/Acta-51-1-separat-Kiss.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:acagov:54039

DOI: 10.22004/ag.econ.54039

Access Statistics for this article

More articles in Acta Agronomica Ovariensis from University of West Hungary, Faculty of Agricultural and Food Sciences Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().

 
Page updated 2021-01-16
Handle: RePEc:ags:acagov:54039