Study On The Biological Assets Information Disclosure Of China's Listed Agriculture Companies

China is a large agricultural country, and strongly dependent on which is a big domestic consumption and export income generation. As for agriculture enterprises, agricultural activities and biological assets specialty brings particular nature to the disclosure and accounting information: the fundamental characteristic of agriculture is that the natural flora and fauna reproduction intertwined with the economy reproduction and it is this characteristic that leads to the complexity of accounting recognition of agricultural activities, measurement and disclosure. Agricultural activities involving biological assets and agricultural products after accounting recognition and measurement results need to pass to the use by means of information disclosure and the complete, fair, and standardized disclosure of information is of vital importance to agriculture accounting. Therefore, information disclosure of assets in agricultural enterprises has become a key focus accounting academy and economic field.On February 5, 2006 China promulgated the "Enterprise Accounting Standards No. 5 -Biological Assets" and authorized to implement from January 2007. In order to better grasp and implement the new guidelines, there is a necessity for analysis and verification on the current state of the disclosure of information from theoretical basis.The paper fall into four chapters:The first chapter is a brief introduction to the background, purpose, and meaning of this paper; the research status from home and abroad; the limitation of the paper; the contents, creations and shortcomings; these entire firm basics lead to the following discussion.The second part is the related theories to the disclosure of assets information. It is the theoretical foundation of an in-depth and comprehensive exposition of agricultural enterprises accounting information disclosure, including the disclosure of information expounded the concept and the evolution of information disclosure, information on biological assets and the disclosure of the relevant characteristics outlined on the biological assets of the importance of information disclosure, the principles and hygiene supplies the contents of the disclosure of information production and biological assets and the disclosure of information theory efficient market hypothesis, asymmetric information theory, game theory to economics analysis.The third part is about our listed companies to disclose information on the status of assets. This part is based on the actual situation in disclosure information of assets, applies the existing 35 agricultural listed companies and the main business of 47 agriculture-related companies listed in the 2004-2006 financial report for the empirical stud, collects, collates and classifies the financial assets of the report relating to the relevant biological information, and conducts Eview data analysis methods to disclose information on biological assets value of the company, so as to disclose the seven aspects of widespread problems (i.e. unclearity and unsystematy of disclosure of information in specific farmers business projects, less biological assets and agricultural products classified information listed, no timely and inadequate disclosure of information in biological assets, inadequat risk management tips and less related accounting policy and accounting to estimate these manifest information disclosure) and at last gives a further analysis of the current and existing problems.The fourth part is the standard of information disclosure measures. Countermeasures related to the corresponding content and requirements in China's 2006 promulgated "Enterprise Accounting Standards No. 5 -Biological Assets" are proposed from the rules and norms and other regulatory measures to solve the existing problems, to provide strong theoretical support to enhance the quality of the country's agricultural enterprises biological assets, so as to facilitate the new accounting standards in agriculture and agriculture-related enterprises in the smooth implementation and promotion.