文章基本信息

标题：Accounting issues related to timber industry specific operations
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作者：Madalina ANTONIU ; Florentina MOISESCU
期刊名称：Risk in Contemporary Economy
电子版ISSN：2067-0532
出版年度：2018
DOI：10.26397/RCE2067053211
语种：English
出版社：Dunarea de Jos University of Galati
摘要：Forest has always been considered a human partner in its evolution. With the passage of time,a new relationship has been imposed so that the forest has turned into a resource and wood is a great asset. At present,the forest area accounts for 42% of the total European Union surface area,the main agricultural product being raw wood. At international level,accounting in this area was not a priority,and therefore only in 2003 a standard for agricultural regulation was approved: IAS 41 "Agriculture". When products from biological assets of an entity are harvested,IAS 41 is applied,but if they are subsequently processed,they will be subject to IAS 2 standard. Considering the complexity of calculating the assessment of biological assets,the study concludes that it is easier to apply fair value than historical cost to the accounting,the latter providing a less accurate understanding of the real situation.
关键词：biological assets;recognition;fair value;forest;wood.