BIOLOGICAL ASSETS MANAGEMENT: VALUATION AND DISCLOSURE
Abstract:
Agricultural activities, due to several specific characteristics, are regulated by a separate standard - International Accounting Standard 41 - Agriculture, which makes a clear difference between biological assets and agricultural products. The purpose of this paper is to consider the representation of biological assets in the financial reporting of public companies in the territory of the Republic of Serbia. The research was conducted on a sample of 582 public companies from the Belgrade Stock Exchange during 2017, of which 29 are from the agricultural sector. The results of the research show that in the sector of agriculture, forestry and fisheries, the most common item is the value of biological assets, where 17 public companies disclosed the value of biological assets according to IAS 41.
CITATION:
IEEE format
M. Kljajić, M. Jovanović, V. Mizdraković, “Biological Assets Management: Valuation and Disclosure,” in FINIZ 2024 - Social Media and Contemporary Business, Belgrade, Singidunum University, Serbia, 2024, pp. 21-25. doi: 10.15308/finiz-2024-21-25
APA format
Kljajić, M., Jovanović, M., Mizdraković, V. (2024). Biological Assets Management: Valuation and Disclosure. Paper presented at FINIZ 2024 - Social Media and Contemporary Business. doi:10.15308/finiz-2024-21-25
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