Problems in Formation of the Financial Result in Accordance with Managing Fixed Biological Assets | Проблеми при формиране на финансовия резултат от стопанисване на дълготрайни биологични активи
2011
Georgieva, E., Agricultural University, Plovdiv (Bulgaria)
The synchronization between accounting and tax legislation creates good opportunities for development of the market relations in the agriculture. The fixed biological assets are an important part of the production process in the branch. They are evaluated according to their fair value. This fact results in formation of profit/loss that is not part of the tax financial result but of the accounting financial result. The analysis of this disparity reveals its influence over the economic agents. Possible ways are proposed with the only aim to diminish the distortion of the accounting information as a result of the contradiction between accounting and tax legislation.
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