The Research On Accounting Measurement Of Fruit Trees Bioligical Assets

With the rapid development of the Chinese agricultural market,the number of agricultural enterprises is increasing and the volume of the biological assets formed by the scale planting(breeding)is becoming larger.These biological assets are special because they have biotransformation function and the characteristics of natural value-added compared to the ordinary assets and have a very complex growth(breeding)process.Therefore,the particularity of these special biological assets should be fully considered in accounting treatment.At the same time,with the increase in the number of agricultural listed companies which have a large proportion of the biological assets in total assets,it is particularly important for the accurate measurement of the biological assets and the timely and accurate disclosure of the matters related to the biological assets.According to the "Accounting Standards for Business Enterprises No.5-Biological Assets",which was implemented in2007,enterprises should adopt historical cost model to measure biological assets.For biological assets whose fair values can be obtained consistently and reliably,the standard stipulates that the fair value model should be adopted to measure it.However,the standard does not provide specific guidance for the accounting treatment under the fair value model,making the use of the fair value model to measure biological assets impractically,and it also prevents the value of biological assets of some agricultural enterprises from being truly and effectively reflected.Based on the literature review of biological assets,this paper compares and analyzes the characteristics of the historical cost model and fair value model used in biological assets measurement,discusses the characteristics of fruit tree biological assets,and thoroughly analyzes the accounting treatment of the biological assets of Jiangsu Richland Agriculture Corp.A mixed measurement model for the biological assets about fruit trees was proposed,that is,the historical cost model was adopted before the fruiting period(immature productive biological assets),and the fair value model was adopted when the fruiting period began(mature productive biological assets),which enriches the theory of accounting research of biological assets.This paper also discusses the accounting treatment of fruit tree assets in different growth stages and provides a practical guidance for the accounting treatment of fruit trees enterprises.