Research On Accounting Information Disclosure Of Biological Assets Of Listing Corporation

For any country, agriculture is the foundation of economic lifeblood, it is the most basic needs of the life level of people.So is for China. With the development of market economy and continuous improvement of economic system, whether for the mode of operation or for the forms of organization, agriculture has transformed gradually from traditional agriculture to modern agriculture, this developing tendency is confirmed by the development of agriculture listing Corporation in the process of agricultural industrialization.In the process of the increase of agriculture-related business in agricultural listing Corporation, some problems emerge in an endless stream. Some agricultural listing Corporation encounter the delisting, there is financial fraud in the landmark based assets--biological assets, such as Yinguangxia and Lantian Share’s financial fraud.Visiblely, the biological asset management requires a high quality guidelines for specification.In addition to setting and development of biological assets accounting standard in the world, in February5,2006our country promulgated the "Enterprise Accounting Standards No. fifth--biological assets", putting forward the concept of biological assets, setting standard to the confirmation, measurement, recording and reporting, all aspects of biological asset.In China’s Shanghai and Shenzhen Stock Exchange, there is a list of46listing Corporation belonging to the agricultural, forest, existing herd, fishery category, the other categories also have many listing Corporation having business involving biological assets.In the annual report2010of Listing Corporation,we find85Listing Corporation having consumable biological assets (Wind source), productive biological asset with67(Wind source), public welfare biological asset with3.In this thesis. I hope to analysis the biological assets information of listing Corporation, comprehensively presenting status of China’s listing Corporation information disclosure of biological assets at this stage. making the reader to have a objective knowledge of the effects of biological assets accounting standards’s application and implementation.On this basis.I made a summarize of the existing problems of information disclosure of biological assets in listing Corporation, and made a uggstions about how to inprove this situation.This thesis is composed of five chapters.Chapter one. introduction.Mainly introduce the research background, literature review, biological assets accounting and the significance of perfect information disclosure of it, research ideas and methods etc.Chapter two. the research on information disclosure of biological assets.Come to the first is the biological assets related theory, mainly introducing the concept of biological assets, its particularity, confirmation, measurement and other basic theory.The second is related to information disclosure theory, mainly introducing the concept and development of accounting information disclosure, accounting information disclosure and agency theory, signal transmission and the theory of competitive advantage, market failure and externality and hitchhiking theory relation. At last, this thesis introduced accounting information disclosure requirements for biological assets both at home and abroad.Chapter three, the information disclosure of biological assets of listing Corporation.From sample selection, information disclosure, problem analysis statistics and cause analysis.I investigated the information disclosure of biological assets, and found biological assets information disclosure have many problems, such as inaccurate, lack of value-added information confirmation and disclosure of fair value and the low level of its application, incomplete information disclosure, incomparability between different company. Comprehensive analysis, the cause of these problems are mainly due to the particularity of biological assets, the protection of commercial secrets, accountant occupation judgment of biological assets, pay less attention, region difference factors.Chapter four, the biological asset information disclosure improvement suggestions.These proposal are mainly on the level of the accounting standards and its implementation, law. enterprise, and market to improve, in order to improve the quality of information disclosure of biological assets. On accounting standards level, I mainly presented to improve the method of the biological asset classification, mandatory disclosure of biological assets specific content, increase the value-added information confirmation standard and disclosure requirements, appropriately expand the use of fair value measurement model in practice.Law is proposed the punishing enforcement to financial fraud. On enterprise level, it was put forward to improve the accounting personnel professional quality on biological assets accounting standard value.Market level is mainly presented, strengthening market supervision, to promote the exchange of market information, so as to reduce the biological asset standard implementation gap.Chapter five, conclusion and further exploration.Summary of the existing shortcomings and the contributions made.Indicating a failure of in-depth study of the problem, and its future development trend.