Valuation of biological assets and agricultural production according to IAS 41- theory versus applicability

Abstract

Implementation an accontant system for the entreprises with agricultural activity can represent an instrument importantly in fight with the others competing.The efficiency this system not can be recognized if only by an increase in informational quality, essential in insurance correctness of process of reporting this information. Starting from these aspects, the objective of our paper is oriented on the analysis of the characteristics defining this specific system to the agricultural entities trough the necessity of applying the provisions of IAS 41, for listed companies, respectively by applying OMFP 1802/2014 in accordance with Directive 34 CEE/2013. JEL: M 41, O 13