Biological assets reporting: Is the increase in value caused by the biological transformation revenue?

Agriculture represents a signifi cant part of the national economy. It secures production of food and infl uences many related processing industries. Although the volume of agricultural production and its proportion in the gross dom estic product has been decreasing, there is a huge interest in increasing the performance of agriculture companies. One of the ways to enhance the company performance, to gain new markets or to achieve cost savings is a merger. Mergers are not very usual in the fi eld of agriculture currently -their proportion in the total number of mergers in the Czech Republic in 2001-2013 was 3.07%. Th e aim of this paper is to analyse mergers in the fi eld of agriculture. Th e analysis focuses on the consequences of mergers from the perspective of changes in the fi nancial position and the company performance in the year before the merger and three years after the merger. Th e analysis proved that the company size (measured by the balance sheet total) decreased as a consequence of mergers and their performance increased.

mentioning

confidence: 99%

Analysis of mergers in Czech agriculture companies

Hýblová¹

2014

“…He finally concluded that the treatment of fixed assets (IAS 16: Property, Plant and Equipment) is the most appropriate for the bearer biological assets held for more than one year. Bohušová et al (2012) have identified some obstacles to the practical application of the IAS 41 and suggested ways to deal with them. Starting from a comparative analysis of different accounting treatments for biological assets, they have highlighted that the main aim of the standard seems not to have been achieved.…”

Section: Doi: 1017221/48/2015-agriceconmentioning

confidence: 99%

“…The importance of this standard has been highlighted in many studies (Argilès and Slof 2001;Penttinen et al 2004;Herbohn and Herbohn 2006;Lefter and Roman 2007;Svensson et al 2008;Argilès et al 2009;Elad and Herbohn 2011;Bohušová et al 2012;Feleagă et al 2012) and criticized in others (Elad 2007;Aryanto 2011;Bohušová et al 2012).…”

mentioning

confidence: 99%

Amendments to the IAS 41 and IAS 16 - implications for accounting of bearer plants

Bozzolan¹,

Laghi²,

Mattei³

2016

Under the IAS-IFRS standards, agricultural activity is accounted for using a fair value model. In 2014, the IASB amended the accounting treatment for bearer plants with the aim to address some concerns that have emerged since the application of the IAS 41. Th e amendments require that bearer plants be accounted for like property, plant and equipment (IAS 16). In the paper, there are analysed the aspects introduced by these amendments, moving from the IASB project. In particular, the reasons that led to these amendments are explained and it is explored whether all the concerns previously identifi ed by accounting scholars and practitioners have been addressed. Moreover, there are identifi ed some possible obstacles to the practical application of the amendments to the IAS 41.

“…These values are usually determined by some limiting quotas. These are followed in the financial statements (kinds and values) and they are subject to audit (Bohušová et al 2012). The data are considered to be of a high quality and they can be integrated in other systems; they can be used for the applied research.…”

Section: Environmental Accounting and The Fadn As A Basis Of Model Fomentioning

confidence: 99%

Environmental accounting and the FADN as a basis of model for detecting the material flow cost accounting

Kouřilová¹,

Sedláček²

2014

Th e quality of the reported accounting data and the way these data are used are becoming more and more risky aspects of business management. Many instruments are already used to identify the creative accounting and the frauds and new ones are still being searched for. One of the suitable approaches is the use of the database Farm Accountancy Data Network (FAND) and environmental indicators. Monitoring of material balances and wastes in the form of environmental costs and also parts of the material balances can be a basis for the creation of the model for the detection of the material fl ow cost accounting. Th e model uses other balance areas as well: fi nancial, energy-related and legislative. Th e paper presents a proposal of the model and its possible use for the discussion. Th e proposed model was applied to the real conditions of two real production companies with trading activities. Its strengths and weaknesses are evaluated.