Evaluation of applicability of IAS 41 - Agriculture to the valuation of growing forest stands and their accounting treatment in the Czech Republic

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The paper aims to evaluate the applicability of International Accounting Standard (IAS) 41 to the valuation of a growing stock of stands and entering its value in the corporate accounting system in the Czech Republic. In this context, IAS 41 is analysed in detail with focus on the method of reporting of the forest value in the accounting. At the same time a questionnaire survey is conducted among the forestry sector experts on the topic of willingness to report the forest value in statements. Based on the findings, an alternative solution to the application of IAS 41 to the forest accounting treatment, which would be potentially applicable, is proposed in the paper. The questionnaire survey (n = 317) has found that there is an increasing tendency towards the willingness to report the forest in the statements, especially in the organizations which simultaneously meet the statutory duty to disclose this value in the notes to the statements, and it is also recognized that this willingness does not depend on the legal form of organization. … full description

Bibliographic Details

Main Author

M. Stárková

Other Authors

Helena Čermáková , Tomáš Hlavsa , Hana Vostrovská, Markéta Levá

Document Type

Articles

Physical Description

13 ilustrací

Published in

Journal of Forest Science. -- ISSN 1212-4834. -- Roč. 62, č. 9 (2016), s. 429-440

Subjects

FORESTRY

ENTERPRISES

FOREST MANAGEMENT

FOREST STANDS

FOREST SURVEYS

VALUATION

ECONOMIC VALUE

METHODS

ACCOUNTING

ASSETS

SURVEYS

DATA COLLECTION

QUESTIONNAIRES

PSYCHOLOGICAL FACTORS

MOTIVATION

lesnictví

podniky

lesní hospodářství

lesní porosty

inventarizace lesů

oceňování

ekonomická hodnota

metody

účetnictví

aktiva

průzkumy

sběr dat

dotazníky

psychologické faktory

motivace

Item Description

13 tabulek

Bibliography

Literatura na s. 439-440,