Fair Value for Biological Assets: An Empirical Approach

Cavalheiro, Rafael Todescato; Kremer, Andréia Maria; Gimenes, Régio Márcio Toesca

doi:10.5901/mjss.2017.v8n3p55

Cited by 3 publications

(1 citation statement)

References 17 publications

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“…In view of the difficulty in adopting the International Accounting Standard (IAS) 41, which determines the measurement of biological assets, Cavalheiro, Kremer and Gimenes (2017) employedthe fair-value based methodology to quantitatively evaluate the biological assetsof soybean crop cultivated in the MatoGrosso do Sul State for the periods of 2005-2016 [12]. The study utilized Discounted Cash Flow (DCF) evaluation method and suggests that agronomic knowledge should be considered in addition to economic methods in evaluating biological assets in quantitative and qualitativeterms.…”

Section: Review Of Empirical Literaturementioning

confidence: 99%

Impact of Fair Value Accounting on Biological Assets in Agricultural Sector in Nigeria

Cyril¹,

Elizabeth²,

Chukwuemeka³

2019

IJFBR

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This study critically reviewed the impact of fair value accounting on biological assets of Nigerian agricultural sector with a focus on Okomu Oil Palm Company Plcfor the period of 2009-2018. The study adopted ex-post facto research design. Analytical techniques employed were descriptive statistics and Ordinary Least Squares (OLS) multiple regression analysis. Findings revealed that fair value accounting operationalized by non-current asset, profit after tax, and current assets have insignificant positive effect on the biological assets of the Nigerian Agricultural firms. The implication is that the company reports gain in their biological assets when the fair values of their assets increases. Based on these findings, it was recommended among others that there is need for agricultural firms to adopt the fair value accounting system in other to keep proper records of its biological assets.

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Section: Review Of Empirical Literaturementioning

confidence: 99%

Impact of Fair Value Accounting on Biological Assets in Agricultural Sector in Nigeria

Cyril¹,

Elizabeth²,

Chukwuemeka³

2019

IJFBR

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CEO, CFO, and board attributes’ effect on fair value agriculture disclosure

Abdullah,

Qaderi,

Binti Mohd Ariff

et al. 2023

Cogent Business & Management

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The Influence of Assessment of Biological Assets and Agricultural Production on Taxation of Agricultural Enterprises

Kozachenko

Chudak

Yaremchuk

2019

EFM

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Agriculture is one of the main branches of the national economy of Ukraine. Accordingly, the logic of accounting rules, connected with the objects of this branch, must be based on the national interests. However, this statement is not always performed. Today, between the national and international accounting rules of biological assets and agricultural products, as the main objects of accounting in agriculture. there is a certain dissonance. It concerns the order of their assessment and affects the taxation of agricultural enterprises. The aim of the article is to highlight those consequences which the valuation of biological assets and agricultural products has for the agrarian enterprises, with its influence on their tax load and the financial situation in general. During the process of researching, a chain of considerations about the tax aspect of the motivation of propaganda of the valuation of the biological assets and agricultural products of agricultural enterprises is presented. It is proved that such an assessment procedure is not profitable for local agricultural producers, because it creates additional financial burdens for them. This reduces their competitiveness and creates benefits for big business. On the basis of the negative impact of the estimation of objects of the alive economy at fair value on the financial condition of agrarian enterprises when they are in the system of taxation of income tax, a vision is expressed regarding the refusal of international rules of accounting of biological assets and agricultural products.

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Fair Value for Biological Assets: An Empirical Approach

Abstract: In view of the difficulty in adopting the

Cited by 3 publications

References 17 publications

Impact of Fair Value Accounting on Biological Assets in Agricultural Sector in Nigeria

Impact of Fair Value Accounting on Biological Assets in Agricultural Sector in Nigeria

CEO, CFO, and board attributes’ effect on fair value agriculture disclosure

The Influence of Assessment of Biological Assets and Agricultural Production on Taxation of Agricultural Enterprises

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