000			02149nam a22002537a 4500
003			ZW-GwMSU
005			20240730082128.0
008			240730b |||||||| |||| 00| 0 eng d
022			_a03031853
040			_aMSU _bEnglish _cMSU _erda
050	0	0	_aHD1401 AGR
100	1		_aMaina, P.N. _eauthor
245	1	0	_aSmall and medium-sized entities in the agricultural sector: Fair value reporting challenges _ccreated by P.N. Maina and H.C. Wingard
264	1		_aJohannesburg: _bTaylor and Francis, _c2013
336			_2rdacontent _atext _btxt
337			_2rdamedia _aunmediated _bn
338			_2rdacarrier _avolume _bnc
440			_aAgricultural Economics Research, Policy and Practice in Southern Africa _vVolume 52, number 2
520	3		_aBiological assets should be valued at fair value less point of sale costs only if an active market exists. The quoted price in an active market is the appropriate basis for determining the fair value of the asset. The objective of this research was to identify the challenges in respect of fair value reporting on the part of small- and medium-sized entities that publish general purpose financial statements, but that do not have public accountability in implementing the requirements of the International Financial Reporting Standard for Small and Medium-sized Entities. Through the research it was established that in Kenya the commodity markets operate in a simplified auction system with no clear price discovery mechanism. The lack of an active and transparent market is a serious challenge in terms of the application of fair value to biological assets. Consequently most of the farmers prefer to model the market information available. In the light of the diverse nature of agricultural produce, this article recommends virtual trading and development of commodity futures in order to reduce the market access cost, to improve accessibility to market information and to transform the role of middle traders to that of market linkages.
650			_aAgricultural _vSectorfair _xSMEs
700	1		_aWingard, H.C _eco-author
856			_uhttps://doi.org/10.1080/03031853.2013.798064
942			_2lcc _cJA
999			_c166386 _d166386