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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): Zinkevičienė, Danutė;Stončiuvienė, Neringa;Juočiūnienė, Dalia
Title: Relation between animal depreciation and financial ratios
Is part of: Apskaita ir finansai: mokslo, verslo ir viešojo sektoriaus partnerystė: 11-osios tarptautinės mokslinės konferencijos programa ir santraukos, 2018 m. lapkričio 29-30 d. / Aleksandro Stulginskio universitetas. Akademija, 2018
Extent: p. 31-31
Date: 2018
Keywords: animal classification;animal measurin;depreciation
ISBN: 9786094491436
Abstract: Purpose of the research - to assess the impact of the accounting of animals at their acąuisition (production) cost less depreciation to the financial results and financial position of agricultural businesses. The methodological framevvork of the research is based on the agency and positive accounting theories and the main accounting principles. The research is based on analytical data from agricultural business enterprises that specialise in animal breeding and value the animals at the acquisition cost, hovvever do not calculate depreciation. The research analyses classification of animals, their accounting at acquisition (production) cost, calculation of depreciation, and the impact of calculation/non calculation of depreciation to the financial results and financial position. The research revealed the problems associated with the calculation of animals' depreciation. From the results of the research it appears that it is irrelevant to depreciate productive animals if animals are measured at cost as that has no material impact on the value of assets, the economic outturn and the key linancial ratios of the enterprises, and requires to elaborate the accounting of the animal production costs, vvhich sometimes is irrational or even mpossible, the depreciation amounts fail to take into account changes in animal productivity and economic value. The amounts of depreciation for productive animals are included in the cost of agricultural produce or new biological assets obtained there from and the competitiveness of those products is reduced. Additionally, in order to improve the solvency (i.e. liquidity and stability) and reduce the financial risk, the most attractive alternative from the financial perspective was to measure animals at the acquisition (production) cost and to vvaive the depreciation accounting
Affiliation(s): Vytauto Didžiojo universitetas
Žemės ūkio akademija
Appears in Collections:Universiteto mokslo publikacijos / University Research Publications

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