Research On Accounting Recognition And Measurement Of Biological Assets In China

With the continuous development of the economy and rising prosperity in all industries,in addition to the traditional animal husbandry and fishery,more and more industries such as manufacturing,environmental protection industry,are involved with the accounting of biological assets.With the variety and characteristics of biological assets,the problems of biological assets accounting treatment need to be studied and solved.Besides,the "accounting standards for Enterprises No.fifth-biological assets" issued by China's Ministry of Finance has been used over ten years,the guidelines in the implementation of the ten years will also expose some problems that need to be solved.At present,most of the domestic and foreign academic research focus on the biological assets accounting problems,but the reasons behind the problem and related recommendations are relatively few.Therefore,this paper attempts to start from the characteristics of biological assets,according to the statistical information of the representative sample analysis,to analyze the main problems of the biological assets accounting confirmation and measurement and reasons behind,and put forward certain suggestions.Biological assets,is defined as "living animals and plants",have both assets and biological characteristics.Biological assets with characteristics such as biological conversion,life-cycle style,dual assets degrees,expected return with uncertainty,have different impacts on accounting recognition and measurement.At the same time,with the goal of accounting theory,accounting information quality requirements and the concept of assets and liabilities and income expense view as the theoretical basis,this paper focus on accounting recognition and classification of biological assets,the choice of measurement attributes and depreciation and impairment of subsequent measurement of in-depth analysis.Through the analysis of relevant accounting information of the biological assets 51 listed companies,it can reflect China's biological assets accounting confirmation and measurement of the common accounting recognition and classification of inappropriate identification;incorrect reflection of natural increase of value;the problems of depreciation and the impairment.The fundamental reasons behind are biological assets accounting standards lags behind the biological assets and related industries rapid development requirements;as well as complexity and particularity of the biological assets to increase the enterprise and external information asymmetry and accounting treatment difficulty.Therefore,this paper argues that from the aspects of refinement of biological assets classification,promotion fair value measurement and reasonable application of biological assets depreciation policy,also with reduction the biological asset impairment of earnings manipulation and strengthen the external supervision and audit efforts to promote China's biological assets accounting confirmation and measurement.