Biological Assets: Impact of Measurement on Financial Position and Performance of SMEs

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F17%3A43912836" target="_blank" >RIV/62156489:43110/17:43912836 - isvavai.cz</a>

Result on the web

<a href="https://doi.org/10.23762/fso_vol5no1_2" target="_blank" >https://doi.org/10.23762/fso_vol5no1_2</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.23762/fso_vol5no1_2" target="_blank" >10.23762/fso_vol5no1_2</a>

Result language

angličtina

Original language name

Biological Assets: Impact of Measurement on Financial Position and Performance of SMEs

Original language description

The paper focuses on the possible ways of biological assets measurement in financial reporting of SMEs. According to IFRS for SMEs, the entity uses the fair value model for biological assets with readily determinable fair values, and the cost model for all other biological assets. The nature of all kinds of biological assets differs significantly, especially that of bearer plants and living animals. The authors evaluated the application of the above-mentioned methods to the representatives of both kinds of biological assets (an apple orchard and dairy cows). According to the study the way of biological assets measurement affects the financial position and performance of SMEs involved in the agricultural sector. The cost model is a more suitable way of measurement for bearer plants reporting, while the fair value measurement is more suitable for living animals in respect to fundamental principles of financial reporting.

Czech name

—

Czech description

—

Type

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

CEP classification

—

OECD FORD branch

50602 - Public administration

Project

<a href="/en/project/GA15-24867S" target="_blank" >GA15-24867S: Small and medium size enterprises in global competition: Development of specific transfer pricing methodology reflecting their specificities</a><br>

Continuities

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Publication year

2017

Confidentiality

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

Name of the periodical

Forum Scientiae Oeconomia

ISSN

2300-5947

e-ISSN

—

Volume of the periodical

5

Issue of the periodical within the volume

1

Country of publishing house

PL - POLAND

Number of pages

13

Pages from-to

19-31

UT code for WoS article

—

EID of the result in the Scopus database

2-s2.0-85060841724