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Type of publication: Tezės kituose recenzuojamuose leidiniuose / Theses in other peer-reviewed publications (T1e)
Field of Science: Ekonomika / Economics (S004)
Author(s): Juočiūnienė, Dalia;Stončiuvienė, Neringa;Zinkevičienė, Danutė
Title: Is measurement of biological assets at fair value consistent with the principles of prudence and neutrality?
Is part of: International conference on economic research [elektroninis išteklius] : proceedings book (full texts-abstracts), 19-20th October 2018, Alanya, Turkey. Alanya: Alanya Alaaddin Keykubat University, 2018
Extent: p. 121
Date: 2018
Keywords: Cost;Fair value;Prudence and neutrality
ISBN: 9786058105805
Abstract: The purpose of this research is to conduct a case study based on analytical data from agricultural enterprises and to estimate how the measurement of biological assets at fair value consistent with the principles of prudence and neutrality. The analysis of scientific literature and practical experience allows for the conclusion that there is no unanimity either among scientists or practitioners on the selection of the measuring model for biological assets cultivated by agricultural enterprises or used for harvesting agricultural produce. Both biological asset measuring methods, the fair value less costs to sell model and the cost model, have advantages and disadvantages. The main advantage of the fair value less cost model is that the fair value of biological assets reflects the processes of biological transformation. The case study aimed at answering the following questions: What effect does the change in the measuring method from the cost model to the fair value less costs to sell model have on the financial standing and the overall performance of an undertaking? What factors influence the change in the biological asset value over a reporting period when the assets are measured at fair value less costs to sell? What effect does the change in the biological asset measuring method have on the key financial ratios, which reflect the financial attractiveness of the business concerned? The research used analytical data and information on biological assets supplied in financial statements of three agricultural enterprises. The agricultural enterprises chosen for the research are specializing in different areas. All those undertakings use the historical cost approach to measure biological assets
Affiliation(s): Vytauto Didžiojo universitetas
Žemės ūkio akademija
Appears in Collections:Universiteto mokslo publikacijos / University Research Publications

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