Naslov
Fair value in agriculture

Autori
Cirkveni Filipović, Tamara ; Božina, Anja

Vrsta, podvrsta i kategorija rada
Sažeci sa skupova, sažetak, znanstveni

Izvornik
Znanje in poslovni izzivi globalizacije v letu 2013. / Merkač Skok, Marjana - Celje, 2013, 73-74

Skup
Znanje in poslovni izzivi globalizacije v letu 2013.

Mjesto i datum
Celje, Slovenija, 14.11.2013. - 15.11.2013

Vrsta sudjelovanja
Poster

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
fair value, biological assets, agricultural products, agriculture, MRS 41, HSFI 17

Sažetak
Application of fair value during additional determination of assets value is in the large number of International financial reporting standards defined as possibility, not as obligation. However, when we talk about agricultural activity, application of previously mentioned fair value is defined as obligation, especially when we speak about evaluation of agricultural products. On the other hand, during evaluation of biological assets application of fair value can be excluded only in case of inability of reliable fair value determination and only during initial value determination of that kind of property. The same demands are set up also within demands of Croatian financial reporting standards which also ask for application of fair value during evaluation of agricultural products and biological property. 5 th International Scientific Conference Knowledge and business challenges of globalisation in 2013 74 ■ Faculty for commercial and business sciences Financial and accounting perspectives Within this article there are methods explained for determination of fair value of biological assets and agricultural products depending on whether active market exists for this kind of property or not. Beside that, risks are defined that are related to determination of fair value in case there is no active market for that kind of property, which is the most common case in business practice. On the end of the article there are shown results of conducted research about application of fair value in the agriculture within the global economic surroundings.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA