PL EN


2013 | 901 | 57-70
Article title

Zmiana wyceny składników bilansowych na przykładzie MSR 41 „Rolnictwo”

Title variants
EN
A Change of Accounting Valuation ‒The Example of IAS 41 “Agriculture”
Languages of publication
PL
Abstracts
EN
The main aim of the article is to present IAS 41 “Agriculture” as a sign of evolution in IFRS’s valuation. From a historical point of view, agricultural activity has been based on historical cost accounting. The introduction of IAS 41 “Agriculture” can be considered a revolution where valuation is concerned. The first part of the article outlines the philosophy and detailed regulations of IAS 41. Assumptions of biological asset valuation are then analysed using the example of the timber industry. The final part of the article presents the most controversial aspects of IAS 41, especially where early income recognition is concerned. Additional practical examples are provided, when the fair value of biological assets and agricultural produce and its impact on the income statement generate negative consequences for an entity’s financial statement.
Contributors
  • Uniwersytet Ekonomiczny w Krakowie, Katedra Rachunkowości Finansowej, ul. Rakowicka 27, 31-510 Kraków, Poland, kg@uek.krakow.pl
References
  • Argilés J.M., Slof E.J. [2001], New Opportunities for Farm Accounting, „The European Accounting Review”, nr 2 (10).
  • Comment Letters [2000] IASB, http://www.pwc.com/en_GX/gx/ifrs-reporting/pdf/A_practical_guide_to_accounting_for_agricultural_assets.pdf (dostęp: 29.11.2011).
  • Elad Ch. [2004], Fair Value Accounting in the Agricultural Sector: Some Implications for International Accounting Harmonization, „European Accounting Review”, vol. 13, nr 4.
  • Forest, Paper & Packaging, Forest Industry: Application review of IAS 41, Agriculture: the Fair Value of Standing Timber I [2009], PricewaterhouseCoopers, http://www.pwc.com/en_GX/gx/forest-paper-packaging/pdf/0900223-fpp-brochure.pdf (dostęp: 24.11.2011).
  • George M.S.C. [2007], Why Fair Value Needs Felling, „Accountancy Magazine”, May.
  • International Financial Reporting Standards. Official pronouncements as issued at 1 January 2009 [2009], International Accounting Standard Board, London.
  • Perry R. [2007], Questions Persist over New Standard for Agriculture, „Chartered Accountants Journal”, April.
  • Perry R. [2008], NZ IAS 41: the Solution is Refinement, not Abandonment, „Chartered Accountants Journal”, May.
  • A Practical Guide to Accounting for Agriculture Assets [2009], PricewaterhouseCoopers’ IFRS and corporate governance publications and tools 2009, November 2009.
  • Scott J. [2005], Joanne Scott Outlines the Impact of NZ IAS 41 Agriculture, „Chartered Accountants Journal”, February 2005.
  • Waine D. [2009], NZ IAS 41 Neither Fair Nor Value for the Agricultural Sector, „Char-tered Accountants Journal”, May.
  • IV dyrektywa Rady z dnia 25 lipca 1978 r. w sprawie rocznych sprawozdań finansowych niektórych rodzajów spółek, wydana na podstawie artykułu 54 ust. 3 pkt g) Traktatu (78/660/EEC), tekst jednolity opracowany według stanu na 1.07.2003 przez redakcję „Rachunkowości”, „Rachunkowość” 2003, nr 7.
Document Type
Publication order reference
Identifiers
YADDA identifier
bwmeta1.element.desklight-57cee96b-b8e5-4755-ad15-c0a5b6631b51
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