Specifics of the Reporting under International Accounting Standard IAS 41 Agriculture and its Usage on the Central European Stock Exchanges
Identifikátory výsledku
Kód výsledku v IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F18%3A00103142" target="_blank" >RIV/00216224:14560/18:00103142 - isvavai.cz</a>
Výsledek na webu
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DOI - Digital Object Identifier
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Alternativní jazyky
Jazyk výsledku
angličtina
Název v původním jazyce
Specifics of the Reporting under International Accounting Standard IAS 41 Agriculture and its Usage on the Central European Stock Exchanges
Popis výsledku v původním jazyce
Companies listed on stock exchanges in the European Union prepare and present their financial reports mostly in accordance with International Financial Reporting Standards (IAS/IFRS). International Accounting Standard IAS 41 Agriculture, prescribing the accounting treatment and disclosures related to biological assets used for agricultural activity, is an integral part of these standards. The need of the particular standard for agriculture stands from the specific character of agricultural activity based on the biological transformation of living organisms – plants and animal beings. This paper deals with the specific areas of the accounting treatment incorporated in the International Accounting Standard IAS 41. Furthermore, it examines whether there are agriculture companies reporting in accordance with IAS 41 among corporations publicly listed on the stock exchanges in the Czech Republic, in Slovakia, Poland, Hungary and Austria. Results show that only small number of agriculture companies is listed on the Central European stock exchanges. Therefore, there is the low usage of IAS 41. Although IAS 41 might seem redundant, it has its importance consisting in the specific accounting treatment that cannot by substitute by other standards.
Název v anglickém jazyce
Specifics of the Reporting under International Accounting Standard IAS 41 Agriculture and its Usage on the Central European Stock Exchanges
Popis výsledku anglicky
Companies listed on stock exchanges in the European Union prepare and present their financial reports mostly in accordance with International Financial Reporting Standards (IAS/IFRS). International Accounting Standard IAS 41 Agriculture, prescribing the accounting treatment and disclosures related to biological assets used for agricultural activity, is an integral part of these standards. The need of the particular standard for agriculture stands from the specific character of agricultural activity based on the biological transformation of living organisms – plants and animal beings. This paper deals with the specific areas of the accounting treatment incorporated in the International Accounting Standard IAS 41. Furthermore, it examines whether there are agriculture companies reporting in accordance with IAS 41 among corporations publicly listed on the stock exchanges in the Czech Republic, in Slovakia, Poland, Hungary and Austria. Results show that only small number of agriculture companies is listed on the Central European stock exchanges. Therefore, there is the low usage of IAS 41. Although IAS 41 might seem redundant, it has its importance consisting in the specific accounting treatment that cannot by substitute by other standards.
Klasifikace
Druh
D - Stať ve sborníku
CEP obor
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OECD FORD obor
50206 - Finance
Návaznosti výsledku
Projekt
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Návaznosti
S - Specificky vyzkum na vysokych skolach
Ostatní
Rok uplatnění
2018
Kód důvěrnosti údajů
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Údaje specifické pro druh výsledku
Název statě ve sborníku
Proceedings of the 15th International Scientific Conference European Financial Systems 2018
ISBN
9788021089808
ISSN
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e-ISSN
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Počet stran výsledku
8
Strana od-do
139-146
Název nakladatele
Masarykova univerzita
Místo vydání
Brno
Místo konání akce
Brno
Datum konání akce
1. 1. 2018
Typ akce podle státní příslušnosti
CST - Celostátní akce
Kód UT WoS článku
000462948800017