New Approaches in Accountancy of the Romanian Equine Growth Sector

New Approaches in Accountancy of the Romanian Equine Growth Sector

Blog Article

The activity of equine growth puts many problems regarding the way of recognition, registration and valuation of equines as Plumbing Parts biological assets, but also regarding the way of calculation for the auction prices.Taking into consideration the ascendant trend of this sector, and also the diversification of its activities, accountancy faces new situations, which require to be solved in the conditions of the existent International Accounting Standards.In this respect, Romania came with certain improvements, which allow the separate registration of biological assets, their valuation at the fair value and the separate registration of the economic benefits brought by the biological assets to the entity.This Door Mats paper presents a part of these aspects, in the context of the new settlements adopted in accounting by the Romanian legislation.