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Title: The recognition and valuation of an asset’s productivity in business accounting and reporting
Authors: Shadrina, M. A.
Shelemekh, N. N.
Mizyureva, V. V.
Kerimov, V. E. O.
Lukyanov, B. V.
Keywords: Business logistics -- Russia
Business planning -- Russia
Accounting -- Standards
Accounting -- Russia
Financial statements -- Standards
Financial statements -- Russia
International financial reporting standards (IFRS's)
Assets (Accounting) -- Standards
Accounting -- Law and legislation -- Russia
Issue Date: 2018
Publisher: University of Piraeus. International Strategic Management Association
Citation: Shadrina, M. A., Shelemekh, N. N., Mizyureva, V. V., Kerimov, V. E. O., & Lukyanov, B. V. (2018). The recognition and valuation of an asset’s productivity in business accounting and reporting. European Research Studies Journal, 21(4), 129-141.
Abstract: In this article we have considered the problems of classification and recognition of a specific type of asset, namely cattle embryos, as well as analyzed the characteristic features of this type of asset. We also substantiated its recognition as a biological asset in accordance with IFRS 41 "Agriculture". The possibility of applying the approach to embryos’ valuation by means on fair value has been proved based on the convergence of selection calculations’ methods and the income discounting method. The calculations have shown that the evaluation of the embryos depends on conditions and patterns of their usage. The results of the study will allow more reasonably forming professional judgment in the primary recognition of the biological asset and its valuation at the reporting dates in the financial statements.
ISSN: 11082976
Appears in Collections:European Research Studies Journal, Volume 21, Issue 4

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