Journal article Open Access

IAS 41 Implementation Challenges – The Case of Romania

Liliana Feleagă; Niculae Feleagă; Vasile Răileanu

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  "publisher": "Zenodo", 
  "DOI": "10.5281/zenodo.1057361", 
  "language": "eng", 
  "title": "IAS 41 Implementation Challenges \u2013 The Case of Romania", 
  "issued": {
    "date-parts": [
  "abstract": "Although agriculture is an important part of the world\neconomy, accounting in agriculture still has many shortcomings. The\nadoption of IAS 41 \"Agriculture\" has tried to improve this situation\nand increase the comparability of financial statements of entities in\nthe agricultural sector. Although controversial, IAS 41 is the first\nstep of a consistent transition to fair value assessment in the\nagricultural sector. The objective of our work is the analysis of IAS\n41 and current accounting agricultural situation in Romania.\nAccounting regulations in Romania are in accordance with European\ndirectives and, in many respects, converged with IFRS referential.\nProvisions of IAS 41, however, are not reflected directly in\nRomanian regulations. With the increase of forest land transactions,\nit is expected that recognition and measurement of biological assets\nunder IAS 41 to become a necessity.", 
  "author": [
      "family": "Liliana Feleag\u0103"
      "family": "Niculae Feleag\u0103"
      "family": "Vasile R\u0103ileanu"
  "version": "2508", 
  "type": "article-journal", 
  "id": "1057361"
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