The Recognition and Valuation of an Asset\'s Productivity in Business Accounting and Reporting

Abstract

In this article we have considered the problems of classification and recognition of a specific type of asset, namely cattle embryos, as well as analyzed the characteristic features of this type of asset. We also substantiated its recognition as a biological asset in accordance with IFRS 41 "Agriculture". The possibility of applying the approach to embryos' valuation by means on fair value has been proved based on the convergence of selection calculations' methods and the income discounting method. The calculations have shown that the evaluation of the embryos depends on conditions and patterns of their usage. The results of the study will allow more reasonably forming professional judgment in the primary recognition of the biological asset and its valuation at the reporting dates in the financial statements.

Achieving the Polyprofessionality of the Future Personnel Through the Development of Entrepreneurial Competencies

“…In teaching entrepreneurship, an important additional effect is observedentrepreneurial competence has a significant impact on the formation of positive psychological capital of students and successful teamwork in the organization [10,13,15]. A comparative study was conducted not only among students who studied entrepreneurship in addition to the main educational profile, but also among graduates who have their own small business [10].…”

Bank Financial Risk Assessment in the Digital Background

“…The key components of the assessment depend on the specifics and degree of digitalization. Thus, while the report of the Bank of France focused on the market condition of Eastern Europe, the report of the Bank of Norway paid more attention to the analysis of the developed markets of the USA, the EU, and Japan [4,14,24,31].…”