Research On Measurement Of Biological Assets In China

From ancient times agriculture is very important in our country.Agriculture is the lifeblood of the economy.After the Reform and Opening,agricultural enterprises have gradually gone abroad.The traditional extensive agriculture is gradually moving towards a modern and sustainable way.As an economic management activity,accounting can reflect and supervise the financial status and operating results of agricultural enterprises.As the prototype of standards,"Accounting Methods for Agricultural Enterprises" came into being in 2004.In 2006,CAS5 was officially promulgated,representing a new chapter in the accounting of biological assets in China.With the development of agriculture,the status of biological assets in agricultural enterprises' financial statements cannot be ignored any more,and the practice of biological assets accounting is more flexible and changeable.However,there are many cases of fraud in agricultural enterprises in recent years,and biological assets accounting standards also appear new problems in the application.The standards that have been in place for more than a decade have fallen out of reach of the rapidly growing agriculture,and cannot improve the quality of accounting information.The study of measurement of biological assets has great significance to enrich the accounting theory of biological assets and regulate the accounting practice of biological assets.The current academic dispute over the measurement of biological assets is mainly in the measurement mode.IAS41 adopts the fair value measurement mode,while our country adopts the mixed measurement mode.This fundamental difference has also resulted in the difference between the accounting treatment of biological assets.Choosing an appropriate measurement model of biological assets is essential to improve the quality of accounting information.In this paper,the measurement of biological assets is the main research content.The paper uses standardized research,statistical analysis,case analysis,comparative research and other research methods.First of all,the paper analyzes the accounting of biological assets theoretically,then counting and describing the accounting treatment of biological assets of agricultural enterprises from three aspects: measurement mode,depreciation,provision for impairment to find out the problems,and then analyzing the causes of the problems further with practical cases.Then an international comparison of biological assets accounting standards is made,and the differences are pointed out and the reasons are analyzed.Finally,the paper puts forward some suggestions.Based on the latest regulations at home and abroad and the annual reports of 119 agricultural enterprises,the paper analyzes the factors influencing domestic and foreign standard setters and enterprises in choosing measurement models,then makes suggestions combining the application environment of China.In order to further improve the standards,this paper provides specific ideas for promoting fair value measurement by category and builds a model to evaluate fair value.The paper also suggests that non-market causes of impairment should not be reversed,and the disclosure of biological asset accounting should be improved.In order to adopt the standards better,the article also puts forward some suggestions: to reasonably determine the depreciation policy of biological assets and to improve the accuracy of biological assets accounting.