Improvement to Biological Assets Valuation Documentation

Evgeniya Popko ()
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Evgeniya Popko: 'Institute of Agrarian Economics' National Scientific Center

Oblik i finansi, 2013, issue 1, 46-51

Abstract: The article deals with the improvement concerning the documentation on the valuation of an agricultural enterprise's biological assets. The objective of the paper is to substantiate the need for the new forms of primary documents for valuation of biological assets at fair value. Based on existing specialized forms of primary documents for long-term and current biological assets accounting it has been found that they do not fully meet the farmers requirements. To eliminate the deficit of the appropriately formed initial documentation it is proposed to use a Biological Asset Acceptance Report and Acceptance Report for Biological Asset Acquired for Free. The primary documents proposed and adjusted to practical use enables efficient organization of biological asset fair value accounting presentation, control over the valuation reliability and obtain the decision-making information.

Keywords: biological assets; documentation; primary document; document entries; fair value (search for similar items in EconPapers)
JEL-codes: M41 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:iaf:journl:y:2013:i:1:p:46-51

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