Biological assets: Impact of way of measurement applied on reported Profit or Loss of SMEs

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F16%3A43910900" target="_blank" >RIV/62156489:43110/16:43910900 - isvavai.cz</a>

Výsledek na webu

<a href="http://www.kimba.ku.ac.th/icabr2016/fullpapers/icabr2016.pdf" target="_blank" >http://www.kimba.ku.ac.th/icabr2016/fullpapers/icabr2016.pdf</a>

DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Biological assets: Impact of way of measurement applied on reported Profit or Loss of SMEs

Popis výsledku v původním jazyce

Agricultural activity differs from other activities carried out by business units to achieve the profit. The specifics of biological character of transformation should be also reflected by the methodology for measurement and reporting of the agricultural enterprises' activities. There is the International Accounting Standard (IAS) 41 Agriculture for publicly traded companies reporting and the section 34 Specialized Activities in International Financial Reporting Standard for Small and medium entities (IFRS for SMEs). According to IFRS for SMEs, the entity uses the fair value model for those biological assets for which fair value is readily determinable, and cost model is employed for all other biological assets. The section concerning the biological assets accounting is very brief and ambiguous. The aim of the research is the evaluation of possible ways of individual kinds of biological assets measurement for reporting and the setting of the price for goods and services sold between controlled or related legal entities within an enterprise purposes. The research is aimed at small and medium enterprises (SMEs), the goal is to be in accord with the true and fair view principle, to eliminate ambiguity, and to be in accord with the basic principles of IFRS for SME (simplicity, cost of reporting reduction with respect to special features of biological assets - the substance of all kinds of biological assets differs significantly, especially bearer plants and living animals).

Název v anglickém jazyce

Biological assets: Impact of way of measurement applied on reported Profit or Loss of SMEs

Popis výsledku anglicky

Agricultural activity differs from other activities carried out by business units to achieve the profit. The specifics of biological character of transformation should be also reflected by the methodology for measurement and reporting of the agricultural enterprises' activities. There is the International Accounting Standard (IAS) 41 Agriculture for publicly traded companies reporting and the section 34 Specialized Activities in International Financial Reporting Standard for Small and medium entities (IFRS for SMEs). According to IFRS for SMEs, the entity uses the fair value model for those biological assets for which fair value is readily determinable, and cost model is employed for all other biological assets. The section concerning the biological assets accounting is very brief and ambiguous. The aim of the research is the evaluation of possible ways of individual kinds of biological assets measurement for reporting and the setting of the price for goods and services sold between controlled or related legal entities within an enterprise purposes. The research is aimed at small and medium enterprises (SMEs), the goal is to be in accord with the true and fair view principle, to eliminate ambiguity, and to be in accord with the basic principles of IFRS for SME (simplicity, cost of reporting reduction with respect to special features of biological assets - the substance of all kinds of biological assets differs significantly, especially bearer plants and living animals).

Druh

D - Stať ve sborníku

CEP obor

AE - Řízení, správa a administrativa

OECD FORD obor

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Projekt

<a href="/cs/project/GA15-24867S" target="_blank" >GA15-24867S: Malé a střední podniky v globální konkurenci: Vývoj specifické metodiky převodních cen odrážející jejich specifičnost</a><br>

Návaznosti

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

Rok uplatnění

2016

Kód důvěrnosti údajů

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

Název statě ve sborníku

Proceedings from XI. International Conference on Applied Business Research ICABR 2016

ISBN

978-616-278-346-3

ISSN

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e-ISSN

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Počet stran výsledku

10

Strana od-do

16-25

Název nakladatele

Kasetsart University

Místo vydání

Bangkok

Místo konání akce

Chonburi

Datum konání akce

5. 9. 2016

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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