Clarifying fair value accounting challenges in the reporting of biological assets in the public sector by referring to ASGISA-EC

Van Biljon, Marilene

dc.contributor.advisor	Wingard, H. C.
dc.contributor.author	Van Biljon, Marilene
dc.date.accessioned	2013-03-11T09:51:22Z
dc.date.available	2013-03-11T09:51:22Z
dc.date.issued	2013-03-11
dc.identifier.citation	Van Biljon, Marilene (2013) Clarifying fair value accounting challenges in the reporting of biological assets in the public sector by referring to ASGISA-EC, University of South Africa, Pretoria, <http://hdl.handle.net/10500/8771>	en
dc.identifier.uri	http://hdl.handle.net/10500/8771
dc.description.abstract	Fair value accounting of biological assets in the public sector was introduced with the adoption of the public sector specific accounting standard, Generally Recognised Accounting Practice (GRAP) 101. The public sector currently uses different bases of accounting: public entities and municipalities must use accrual accounting and apply the principles of GRAP, while government departments report on the modified cash basis. Furthermore, public entities do not consistently apply the requirements of GRAP 101. This lack of a uniform basis of accounting has a negative effect on the comparability of financial information. This study identified the challenges facing the public sector in the application of GRAP 101, specifically regarding the fair value accounting of biological assets. The successful implementation of GRAP 101 by a public entity, AsgiSA-EC, was used as a case study to clarify the fair value accounting challenges in the reporting of biological assets in the sector.	en
dc.format.extent	1 online resource (186 leaves)
dc.language.iso	en	en
dc.rights	University of South Africa
dc.subject	Fair value	en
dc.subject	Biological assets	en
dc.subject	Agriculture	en
dc.subject	Pubic sector	en
dc.subject	Rural development	en
dc.subject	Generally Recognised Accounting Practice (GRAP)	en
dc.subject	Accounting basis	en
dc.subject	Conversion challenges	en
dc.subject	Public accountability	en
dc.subject	Modified cash and accrual basis of accounting	en
dc.subject.ddc	657.83500968
dc.subject.lcsh	Finance, Public -- South Africa -- Accounting	en
dc.subject.lcsh	Assets (Accounting)	en
dc.subject.lcsh	AsgiSA Eastern Cape -- Appropriations and expenditures	en
dc.subject.lcsh	Accrual basis acounting -- AsgiSA Eastern Cape	en
dc.subject.lcsh	Accounting -- Standards -- South Africa	en
dc.subject.lcsh	Financial reporting standards -- South Africa	en
dc.subject.lcsh	Fair value -- Accounting	en
dc.subject.lcsh	Financial statements -- Standards	en
dc.subject.lcsh	Civil service -- South Africa -- Accrual basis accounting	en
dc.title	Clarifying fair value accounting challenges in the reporting of biological assets in the public sector by referring to ASGISA-EC	en
dc.type	Dissertation	en
dc.description.department	Business Management	en
dc.description.degree	M.A. (Accounting Science)