Evaluation of applicability of IAS 41 – Agriculture to the valuation of growing forest stands and their accounting treatment in the Czech Republic

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60460709%3A41110%2F16%3A70958" target="_blank" >RIV/60460709:41110/16:70958 - isvavai.cz</a>

Result on the web

<a href="http://dx.doi.org/10.17221/59/2016-JFS" target="_blank" >http://dx.doi.org/10.17221/59/2016-JFS</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.17221/59/2016-JFS" target="_blank" >10.17221/59/2016-JFS</a>

Result language

angličtina

Original language name

Evaluation of applicability of IAS 41 – Agriculture to the valuation of growing forest stands and their accounting treatment in the Czech Republic

Original language description

The paper aims to evaluate the applicability of International Accounting Standard (IAS) 41 to the valuation of a growing stock of stands and entering its value in the corporate accounting system in the Czech Republic. In this context, IAS 41 is analysed in detail with focus on the method of reporting of the forest value in the accounting. At the same time a questionnaire survey is conducted among the forestry sector experts on the topic of willingness to report the forest value in statements. Based on the findings, an alternative solution to the application of IAS 41 to the forest accounting treatment, which would be potentially applicable, is proposed in the paper. The questionnaire survey (n = 317) has found that there is an increasing tendency towards the willingness to report the forest in the statements,especially in the organizations which simultaneously meet the statutory duty to disclose this value in the notes to the statements, and it is also recognized that this willingness does not

Czech name

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Czech description

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Type

J_SC - Article in a specialist periodical, which is included in the SCOPUS database

CEP classification

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OECD FORD branch

50202 - Applied Economics, Econometrics

Project

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Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2016

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Journal of Forest Science

ISSN

1212-4834

e-ISSN

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Volume of the periodical

2016 (9)

Issue of the periodical within the volume

62

Country of publishing house

CZ - CZECH REPUBLIC

Number of pages

12

Pages from-to

429-440

UT code for WoS article

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EID of the result in the Scopus database

2-s2.0-84991729102