OPTIONS FOR REPORTING OF DEPRECIATION OF FIXED BIOLOGICAL ASSETS ACCORDING TO IAS 41

Elena Georgieva ()
Additional contact information
Elena Georgieva: University of Plovdiv “Paisii Hilendarski”, Bulgaria

Economics and computer science, 2016, issue 2, 15-22

Abstract: An important element of the accounting policies of enterprises, operating in the agricultural sector, is the organization of accountability of fixed biological assets. With the recent changes in the provisions of International Accounting Standards, effective 01.01.2016, bearer plants were removed from the scope of IAS 41 Agriculture and included within the scope of IAS 16 Property, plant and equipment. The aim of the study is to analyze the impact of changes on the accounting policies of agricultural enterprises, in particular the assessment of fixed biological assets and capabilities for charging depreciation. An important aspect is the synchronization of accounting and tax legislation regarding possibilities for the recognition of depreciation of fixed biological assets.

Keywords: bearer biological assets; historical cost; depreciation (search for similar items in EconPapers)
JEL-codes: A1 (search for similar items in EconPapers)
Date: 2016
References: Add references at CitEc
Citations:

Downloads: (external link)
http://eknigibg.net/spisanie-br2-2016-pp.15-22.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:kab:journl:y:2016:i:2:p:15-22

Access Statistics for this article

More articles in Economics and computer science from Publishing house "Knowledge and business" Varna
Bibliographic data for series maintained by Julian Vasilev ().