Analysis of Biological Assets in Agriculture
Abstract
Despite the contribution of scientists to the development of the theory and practice of accounting in agricultural organizations on accounting and valuation of biological assets, it is not fully disclosed, which is associated with insufficient theoretical and methodological development of the problems of financial, tax and management accounting of biological assets and their assessment at fair value. The author determined the predicted values of the development of biological assets in agriculture in 2021 with the help of gross output, provided that the observed trend in the development of the factors included in the model-based correlation-regression analysis is maintained. Conclusions and recommendations for further accounting of biological assets in agriculture of the Republic of Kazakhstan are substantiated.
References
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[22] Zachariadis, M., Hileman, G. and Scott, S. V. 2019. Governance and control in distributed ledgers: Understanding the challenges facing blockchain technology in financial services. Information and Organization, 2(29): 105–117. DOI: http://doi.org/10.1016/j.infoandorg.2019.03.001
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[24] IAS 41 Agriculture. IFRS textbook for professional accountants. www.uchet.kz
[25] Official resource of Data of the Ministry of National Economy of the Republic of Kazakhstan for 2018-2020. Available at: https://economy.gov.kz
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[27] Tax Code of the Republic of Kazakhstan. 2017. "On taxes and other obligatory payments to the budget" (with changes and additions as of June 24, 2021)
[2] Argilés-Bosch, J. M., et al. 2018. Usefulness of fair valuation of biological assets for cash flow prediction. Spanish Journal of Finance and Accounting. Revista Española de Financiación y Contabilidad, 47(2): 157–180. DOI: http://doi.org/10.1016/S1138-4891(11)70029-2
[3] Bayboltaeva, N.A. 2017. Problems of practical application of the International Financial Reporting Standard 41 "Agriculture". Materials of the international scientific and practical conference: "State and the market: their share in the regulation of the national economy". Almaty, KazNAU, 119-122 pp.
[4] Beryoza, A.O. 2017. Classification of biological assets in agriculture. Young scientist, 20 (124): 269-272. Available at: https://moluch.ru/archive/124/34237/
[5] Biljon, M. and Wingard, C. 2020. An agricultural sector assessment of biological asset valuation challenges within puts considered from values. International Journal of Financial, Accounting, and Management, 2(3): 243-258. DOI: http://doi.org/10.35912/ijfam.v2i3.265
[6] Bohušová, H., Svoboda, P. and Nerudová, D. 2020. Biological assets reporting: Is the increase in value caused by the biological transformation revenue? Agriculture economy, Czech, 23 (58): 520-532. DOI:https://doi.org/10.17221/187/2020-AGRICECON
[7] Daly, A. and Skaife, H. A. 2017. Accounting for Biological Assets and the Cost of Debt. Journal of International Accounting Research, 15(2): 49–51. DOI: https://doi.org/10.2308/jiar-51415
[8] Duwu, M., Daat, S. and Andriati, H. 2018. Biological asset disclosure. Journal Akuntansi & Keuangan Daerah, 13 (9): 1–30. Available at: http://jurnal.ubl.ac.id/index.php/jak/article/view/1288
[9] He, L.Y., Wright, S. and Evans, E. 2018. Is fair value information relevant to investment decision-making: Evidence from the Australian agricultural sector? Australian Journal of Management, 4 (43): 555–574. DOI:https://doi.org/10.1177%2F0312896218765236
[10] Kazakova, N.A. 2018. Accounting for biological assets at fair value. Accounting in agriculture, 5 (11): 4 - 8.
[11] Kim, D., Yeo, E. and Zhang, Y. 2017. Corporate Governance and Firm Value: The Impact of Corporate Social Responsibility. The Korean Journal of Policy Studies, 32(2): 23–61. Available at: https://www.kci.go.kr/kciportal/main.kci?locale=en
[12] Kim, W., Park, K. and Lee, S. 2018. Corporate social responsibility, ownership structure, and firm value: Evidence from Korea. Sustainability (Switzerland), 10(7): 1-20. DOI: https://doi.org/10.3390/su10072497
[13] Mates, D. 2018. Biological assets and the agricultural products in the context of the implementation of the IAS 41: A case study of the Romanian agro-food system. Archives of Biological Sciences, 2 (67): 705–714. DOI: http://doi.org/10.2298/ABS140301042M
[14] Menicucci, E. 2020. Fair Value Accounting and Earnings Quality. Earnings Quality. Palgrave Pivot, Cham, 9 (12): 107–137. DOI: https://doi.org/10.1007/978-3-030-36798-5_3
[15] Miranda, H. D. 2017. Accounting Practices and International Accounting Standard (IAS). Philippine Accounting Standard (PAS) 41 Compliance of Cattle Farms: Evidence from the Philippines. Journal of Global Business and Trade, 1 (13): 55–77. DOI: http://doi.org/10.20294/jgbt.2017.13.1.55
[16] Muniraju, M. and Ganesh, S. R. 2016. A Study on the Impact of International Financial Reporting Standards Convergence on Indian Corporate Sector. Journal of Business and Management, 18(4): 34–41. DOI:http://doi.org/10.9790/487X-1804053441
[17] Polenova, S.P. 2018. Assessment in accounting and reporting. Moscow: KNORUS. 190p. Available at: https://cdn1.ozone.ru/multimedia/1023720972.pdf (ozone.ru)
[18] Sitdikova, L.F. 2017. Classification of biological assets and the conditions for their recognition when accepting accounting. Bulletin of NGU, 4 (26): 51-56.
[19] Utami, E. and Prabaswara, A. 2020. The Role of Biological Asset Disclosure and Biological Asset Intensity in Influencing Firm Performance. Journal of Accounting and Investment, 3 (21): 537-554. DOI:http://doi.org/10.18196/jai.2103163
[20] Vyruchaeva, A.E. 2019.Topical issues of accounting for biological assets of agriculture. International Agricultural Journal. Moscow: Yurait, 61p.
[21] Yurniwati, Y., Djunid, A. and Amelia, F. 2018. Effect of Biological Asset Intensity, Company Size, Ownership Concentration, and Type Firm against Biological Assets. The Indonesian Journal of Accounting Research, 3 (13): 121-146. DOI: http://doi.org/10.33312/ijar.338
[22] Zachariadis, M., Hileman, G. and Scott, S. V. 2019. Governance and control in distributed ledgers: Understanding the challenges facing blockchain technology in financial services. Information and Organization, 2(29): 105–117. DOI: http://doi.org/10.1016/j.infoandorg.2019.03.001
[23] Zakirova, A.R. 2018. IFRS 41 "Agriculture": accounting features. Bulletin of Kazan State Agrarian University, 1 (6): 30–34.
[24] IAS 41 Agriculture. IFRS textbook for professional accountants. www.uchet.kz
[25] Official resource of Data of the Ministry of National Economy of the Republic of Kazakhstan for 2018-2020. Available at: https://economy.gov.kz
[26] Review of national programs and strategies to support the export of agricultural products in post-Soviet countries. 2019. Food and Agriculture Organization of the United Nations, Rome.
[27] Tax Code of the Republic of Kazakhstan. 2017. "On taxes and other obligatory payments to the budget" (with changes and additions as of June 24, 2021)
Published
2021-09-12
How to Cite
KANABEKOVA, Alida et al.
Analysis of Biological Assets in Agriculture.
Journal of Environmental Management and Tourism, [S.l.], v. 12, n. 5, p. 1371-1385, sep. 2021.
ISSN 2068-7729.
Available at: <https://journals.aserspublishing.eu/jemt/article/view/6364>. Date accessed: 18 apr. 2024.
doi: https://doi.org/10.14505//jemt.v11.5(53).21.
Section
Article
Copyright© 2023 The Author(s). Published by ASERS Publishing 2023. This is an open access article distributed under the terms of CC-BY 4.0 license.