Research On The Accounting Of Biological Assets Of Agricultural Listed Companies

Agriculture is the founding foundation of China's national economic construction and development.As the main production and production factors of agricultural enterprises,biological assets are an important part of corporate assets.With the continuous development of economic and trade at home and abroad,the continuous improvement of the financial market environment,and the continuous increase in enterprises engaged in agricultural production activities,the demand for accounting information in the capital market is also increasing.However,due to the special nature of the conversion and natural value addition of biological assets,most agricultural listed companies cannot provide detailed information on biological assets,and users of accounting information cannot make correct decisions.Tracing back to the source,before the final financial statement was presented to the investors,did the biological assets in the accounting confirmation phase correctly classify the categories?What measurement model is used to facilitate subsequent measurement?Does it ultimately reflect the true results of corporate biological assets?Is relevant information disclosed fully,authentically,and validly?If these problems cannot be solved effectively,it will seriously affect the normal development of agricultural industrialization.In this paper,the description analysis method is used to count and analyze 130 annual reports of agricultural listed companies in 2014-2016.The discovery of biological assets in the accounting confirmation link has some problems,such as incomplete definition of biological assets,inexplicable boundaries,difficulty in confirming the control of biological assets,etc.;the existence of biological assets in the measurement process does not meet the natural characteristics,and the accounting estimates of similar biological assets are not comparable.Problems such as non-standard disclosure,incomplete disclosure,and low cost of violations exist in the information disclosure process.At the same time,this paper takes the case of two depreciation events in Zhangzidao as an example to further analyze and demonstrate the application of biological assets in the company.Finally,this article proposes biological asset accounting:improve the range and classification criteria of biological assets,promote the construction of third-party biological assets value assessment system,strengthen auditing methods,and improve audit quality.