Abstract:

The crop production in Romania encountered in the last decades many transformations, meant to return to the rural population the property sentiment and also to create the premises for a sustainable agriculture. The reality that the agricultural farms face delays the accomplishment of these goals. From the accounting perspective, the specialized farms do not find within the existing legislation the conditions for implementing the standards regarding agriculture. Small steps are made for applying the IFRS, but the evaluation methods for biological assets and for the crop production on one hand and the financial situation reporting on the other hand are classic. This paper aims to present the overall situation of farms, specialized in crop production and the accounting of their specific assets.