What does the implementation of IFRS for SMEs bring for agricultural enterprises?
To chci
Agricultural activity is largely different from other activities that the entities perform in order to achieve profit. Unlike other business entities, agricultural produce is significantly dependent on natural climatic conditions, and therefore a particular specialization of agricultural produce depends on geographic location. Agricultural producers use every
form of business organization, from small farms to large publicly held corporations. Although most entrepreneurs working in agriculture are small and medium enterprises, the specifics of agriculture are significantly reflected in the financial reporting intended primarily for large corporations traded on the capital markets. Aim of this paper is to review the possibilities of implementation of the provisions relating to agriculture in the frame of Internal Financial Reporting Standard (IFRS) for Small and Mediun-sized Entities (SMEs) into practice of entities concerned whose object is agricultural production and to recommend appropriate application in practice. There are designed specific procedures of recording in relation to the nature of biological assets and agricultural produce and ways of measurement in this paper. The nature of biological assets is considered as distinguishing criterion (consumable assets, bearer assets and consumable assets with long production cycle).
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Podrobná bibliografie
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Hlavní autor
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Hana Bohušová
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Další autoři
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Patrik Svoboda
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Typ dokumentu
- Články
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Fyzický popis
- 2 il.
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Publikováno v
- Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis. -- ISSN 1211-8516. -- Roč. 59, č. 7 (2011), s. 81-90
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Témata
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Popis jednotky
- 1 graf, 1 tabulka
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Bibliografie
- Literatura na s. 89-90
