Research On Implementation Effectiveness Of The Biological Assets Standards

Our country is a large agricultural nation with the population of one billion and three hundredmillion. Agriculture is people’s livelihood, which plays an important role in our national economy.With agricultural science and technology’s rapid development, agriculture is becoming the mostpotential industry. In addition, agricultural activities in domestic enterprises are increasinggradually, that makes the regulation in agricultural activities become an inevitable trend. The“International Accounting Standards No.41-Agriculture "(IAS41) was released in2001.Following the changeable international situation, as well as satisfying domestic real demand, theministry of finance released the" Enterprises Accounting Standards No.5-Biological Assets"(CAS5), which was implemented since January1,2007. To the day of December31,2010, CAS5has been implemented for four years. This paper is based on this subject and makes asystematical research on the implementation of the domestic biological assets.This paper is divided into five parts; the content of each part is depicted as follows:The first part mainly elaborates the research background, objective and methods. After thedeep review of existing related literature, the paper found that the present researches onimplementation effect of domestic biological assets standards is insufficient, which determine theresearch direction.The second part elaborates the related theory of biological assets standards. It includes thebiological assets concept and related definition, classification and particularity of biologicalassets, theories of accounting goal and background of CAS5.The third part focuses on the confirmation effect of biological assets. Based on comparativestudy of provisions on biological assets confirmation in CAS5and IAS41, the paper usesstatistical analysis and case analysis to illustrate the present situation and existing problems onthe confirmation of biological assets in china from two parts of classification and ambiguousclassification standard. At last, some advices are put forward to improve the confirmationsituation.The fourth part focuses on the measurement effect of biological assets. Based on comparative study of the provisions on biological assets measurement in CAS5and IAS41, the paper usesstatistical analysis and case analysis to illustrate the present situation and existing problems onthe measurement of biological assets in china from two parts of measurement attribute anddepreciation method. At last, some advices are put forward to improve the measurement situation.The fifth part focuses on the information disclosure effect of biological assets. Based oncomparative study of the provisions on information disclosure of biological assets in CAS5andIAS41, the paper uses statistical analysis and case analysis to illustrate the present situation andexisting problems on the information disclosure of biological assets in china from six parts likethe disclosure of classification and quantity. At last, some advices are put forward to improve theinformation disclosure situation.