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On Problems in Evaluating Incomes in Agriculture International Perspective


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1 University of Environmental and Life Science, Wroclaw, Poland
 

In most countries agriculture accounts for being low income sector. For this reason they arrange for various systems to support the sector. Unfortunately those systems can not be effective unless adequate methods of measuring incomes are employed

In the EU the main system that supports agriculture is direct subsidies. Outside UE very common is the use of indirect instruments like tax preferences,or specific social and health insurances .

Unfortunately those systems can not be effective unless adequate methods of measuring incomes are employed. There are attempts to find unified measuring standards. One of such attempts are International Accounting Standards-No 41 (Agriculture). The aim of the article is to analyse the structure of the IAS 41 and identify barriers in global introduction IAS 41.

In the first part of the article links between International Financial Reporting Standards and local accounting systems are shown.Next, as a special problem, different approaches to tax expenditures are evaluated. Finally, barriers in introduction of IAS 41 are shown.


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  • Guggiola, G. (2010,December), IFRS Adoption In The E.U. Accounting Harmonization and Markets Efficiency: A Review, The International Business&Economics Research , vol. 9,

  • International Financial Reporting Standard IASCF, London

  • International Accounting Standards. 41 -Agriculture. Retrieved from http:// ec.europa.eu/internal_market/ accounting/docs/consolidated/ias41_en.pdf.

  • European Union,Agriculture ,2015, Retrieved from http://europa.eu/pol/agr/index_ en.htm

  • Eurostat : Land cover, lnd use and landscape, 2016, Retrieved from:http://ec.europa. eu/eurosta t /statistics-explained/index.php/Land_cover,_land_use_and_landscape

  • Lefter ,V.,Roma ,A.G.(2016) :IAS 41: Fair Value Accounting, Retrieved from http://store.ectap.ro/articole/215.pdf

  • Polackova, B.(ed.) 2004) Tax Expenditures: Shelding Light on Government Spending through the Tax System. Lesson from Developed and Transition Economies, The World Bank, Washington

  • http://ec.europa.eu/internal_market/accounting/docs/consolidated/ias41_en.pdf,Available 12,March 2016).


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  • On Problems in Evaluating Incomes in Agriculture International Perspective

Abstract Views: 226  |  PDF Views: 83

Authors

Krzysztof Prymon
University of Environmental and Life Science, Wroclaw, Poland

Abstract


In most countries agriculture accounts for being low income sector. For this reason they arrange for various systems to support the sector. Unfortunately those systems can not be effective unless adequate methods of measuring incomes are employed

In the EU the main system that supports agriculture is direct subsidies. Outside UE very common is the use of indirect instruments like tax preferences,or specific social and health insurances .

Unfortunately those systems can not be effective unless adequate methods of measuring incomes are employed. There are attempts to find unified measuring standards. One of such attempts are International Accounting Standards-No 41 (Agriculture). The aim of the article is to analyse the structure of the IAS 41 and identify barriers in global introduction IAS 41.

In the first part of the article links between International Financial Reporting Standards and local accounting systems are shown.Next, as a special problem, different approaches to tax expenditures are evaluated. Finally, barriers in introduction of IAS 41 are shown.


References