The Importance of Information through Accounting Practice in Agricultural Sector-European Data Network

Athanasios,

doi:10.3844/jssp.2010.221.228

Cited by 21 publications

(8 citation statements)

References 8 publications

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“…The allocation of indirect costs is another source of complexity for the cost calculation in agriculture. According to Athanasios et al (2010), fair value of biological assets is asserted to be more relative and it faithfully depicts the reality of the biological transformation.…”

Section: Resultsmentioning

confidence: 99%

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

Bohušová¹,

Svoboda²,

Nerudová³

2012

AGR ECON-CZECH

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Agricultural activity diff ers from other activities carried out by business units to achieve the profi t. Agricultural activity is in comparison with other activities of business subjects dependent on the natural and environmental conditions, and therefore the agriculture specialization is narrowly connected with geographical position. Th e aim of the paper is to identify the possible obstacles in the practical application of the International Accounting Standard 41 (IAS 41) and to suggest the possible ways of their elimination. Th e comparative analysis of the currently applied rules for agricultural activity reporting and the analysis of the current accounting treatment of agricultural activity under the International Financial Reporting Standards (IFRS) were the starting point of the research. Th is part serves as the basis for own research in which the authors are trying to identify the specifi cs of agricultural production, biological assets and biological transformation. More suitable methods for their recognition, measurement and reporting were suggested as an alternative to the current treatments. At the end, the results are also confronted with contemporary scientifi c literature on that topic, which is not very broad. Th e main reason for the research of the authors in this area is the possible elimination of obstacles in the practical application of the IAS 41.

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Section: Resultsmentioning

confidence: 99%

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

Bohušová¹,

Svoboda²,

Nerudová³

2012

AGR ECON-CZECH

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“…This procedure is necessary when using methods of statistical multivariate analysis, such as classification and linear ordering of objects. Among the factors analyzed, the variable x15 is a destimulant because the increase in costs may have a direct negative impact on sustainability and economic stability in both the short and long term (Vazakidis et al, 2010). The higher costs of animal production have negative impact on production intensity and economic sustainability.…”

Section: Choosing a Set Of Variables To Determine The Productive Potementioning

confidence: 99%

Economic Sustainability of Dairy Farms in the EU

Bórawski¹,

Pawlewicz²,

Mickiewicz³

et al. 2020

ERSJ

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Purpose: The objective of this research is to evaluate changes in the economic sustainability of dairy farms in the European Union (EU) countries during 2007-2016 when dairy quotas were being removed in the EU. We wanted to answer the question what is the economic sustainability of dairy farms in the EU, and how has the economic sustainability in the EU countries changed after the accession of new member states in 2004 and 2017. Design/Approach/Methodology: An economic sustainability assessment of farms was conducted using the Farm Accountancy Data Network (FADN) census data with several economic efficiency indicators. We analyzed variables using the Hellwig method. Findings: Results indicate that milk production increased in almost all the countries of the EU, as did their economies. The largest annual increase in standard output (SO) was in Denmark, Slovakia, Czech Republic, Sweden and United Kingdom. In turn, the smallest annual increase in SO was in Lithuania, Bulgaria, Latvia and Poland. Dairy farms in the Czech Republic and Denmark had the highest economic sustainability, while dairy farms in Bulgaria, Croatia, Poland, Romania and Slovenia had the lowest economic sustainability. Practical Implications: While not providing a comprehensive assessment, the indicators used do provide important information about economic impacts related to the scale and distribution of production, difference in labor cost, sources of income and maintenance of farms. Originality/Value: Modern dairy farms must have production efficiency and environmental compliance to achieve sustainability. Much of the current literature focuses on the efficiency and environmental aspects of sustainability and there is a lack of data that assesses economic sustainability.

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“…For literature pertaining for this study, the authors use as the basis of the literature as a basis for understanding the use of modeling in research methodsthat will be in use. One of them performed by Muhammad, et, al (2014), Elad & Herbohn (2011), Athanasios (2010), Levan (2015), . They reasearch related to biological asset to performance finance.…”

Section: Literature Reviewmentioning

confidence: 99%

The Effect of Accounting Plant Assets and Leading Commitment to Good Corporate Governance and Effect Performance Finance in Perum Perhutani Holding : Draft a Proposal

Lestari

Farida

2018

j. akunt. BERKELANJUTAN INDONESIA

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This paper discuss about PSAK 69 agriculture with specific focus on accounting of plant assets can effect performance finance in Perhutani holding, Indonesia. Biological asset are plants and animals undergoing biological transformations. Biological transformation consists of the process of growing, developing, producing and ready quotes that lead to changes both qualitatively and quantitatively. This raises the needs of various parties regarding the ability of the aplication of PSAK 69 in biological asset, especially on the use of present value of the model of cash inflows in the future to determine the fair value of biological asset certain categories. The results of the proposed study would hopefully assist in the development of an alternative fair value model in valuing plant assets supported by leading commitment and subsequently lead to good corporate governance specifically on the performance finance.

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The Importance of Information through Accounting Practice in Agricultural Sector-European Data Network

Cited by 21 publications

References 8 publications

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

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

Economic Sustainability of Dairy Farms in the EU

The Effect of Accounting Plant Assets and Leading Commitment to Good Corporate Governance and Effect Performance Finance in Perum Perhutani Holding : Draft a Proposal

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