Practical Assessment (Real Life) of Agricultural Accounting in Ahmara Region, Ethiopiathe Case of Bahir Dar Town Agricultural Firms

Mesfin Yemer

doi:10.12816/0039225

Article Details

Practical Assessment (Real Life) of Agricultural Accounting in Ahmara Region, Ethiopiathe Case of Bahir Dar Town Agricultural Firms

Authors:

Mesfin Yemer

Publisher:

Zainab Arabian Research Society for Multidisciplinary Issues ( ZARSMI )

Main Topics:

Accounting

Journal:

International Journal of Accounting Research 2017 Vol.3 Issue 2, pp.16-26

Document Type:

Article

Publication Date:

8/2017

Document Language:

English

Document ID (Org No.):

106345

Frequency:

Monthly

pISSN:

2311326X

DOI:

10.12816/0039225

Descriptors:

Keywords:

Abstract:

 This paper used qualitative approach to understand the practice of agricultural accounting systems in the Ahmara region agricultural firms. Unstructured interview was used to collect data from the interviewees to achieve the research objectives. Three governmental organizations which have primary concern with the subject matter has been visited to obtain vital information about agricultural activity-Dairy farming and oxen fattening activities. Particularly, this study visit one sole-proprietor and one Co-operative and interviewed all employees especially interviewed the manager of cooperative to realize the current practices of agricultural accounting systems in cooperative. The findings indicated that agricultural accounting is not different from all other business accounting given no books of accounts are maintained, in the IAS 41, fair value measurement, recognition and disclosure, are nonexistent in the business. In addition, in cooperative difficult to make conclusions whether costs are capitalized or expensed while also the business cannot clearly segregate the assets of the business from personal ones. Finally, the study shows that no balance sheet and operating result statements are prepared by the firms.

Article Details

Practical Assessment (Real Life) of Agricultural Accounting in Ahmara Region, Ethiopiathe Case of Bahir Dar Town Agricultural Firms

Authors:

Mesfin Yemer

Publisher:

Zainab Arabian Research Society for Multidisciplinary Issues ( ZARSMI )

Main Topics:

Accounting

Journal:

International Journal of Accounting Research 2017 Vol.3 Issue 2, pp.16-26

Document Type:

Article

Publication Date:

8/2017

Document Language:

English

Document ID (Org No.):

106345

Frequency:

Monthly

pISSN:

2311326X

DOI:

10.12816/0039225

Descriptors:

AUDITING

AGRICULTURE

AGRICULTURAL INSTITUTIONS

ETHIOPIA

Accounting Systems

Agriculture

IAS 41

Biology Assets

Issues

Article Details

Authors: Mesfin Yemer

Publisher: Zainab Arabian Research Society for Multidisciplinary Issues ( ZARSMI )

Main Topics: Accounting

Journal: International Journal of Accounting Research 2017 Vol.3 Issue 2, pp.16-26

Document Type: Article

Publication Date: 8/2017

Document Language: English

Document ID (Org No.): 106345

Frequency: Monthly

pISSN: 2311326X

DOI: 10.12816/0039225

Descriptors:

Issues

Authors:

Mesfin Yemer

Publisher:

Zainab Arabian Research Society for Multidisciplinary Issues ( ZARSMI )

Main Topics:

Accounting

Journal:

International Journal of Accounting Research 2017 Vol.3 Issue 2, pp.16-26

Document Type:

Article

Publication Date:

8/2017

Document Language:

English

Document ID (Org No.):

106345

Frequency:

Monthly

pISSN:

2311326X

DOI:

10.12816/0039225