Research On Biological Assets Accounting From The Perspective Of Stakeholders

With the further deepen of the process of agricultural industrialization,agricultural listed companies,which serve as a key link in the agricultural industrialization chain,should play an exemplary role in the new era.As the main business of agricultural listed companies,the application scope of biological assets is more and more extensive.As the marketization grows,accounting information of biological assets can no longer meet the information needs of stakeholders at this stage.How to accounting the biological assets well becomes a problem worthy of study.Biological assets are different from general assets.Its particularity makes people pay more attention to their current value,so as to achieve the accounting objective of decision usefulness,which has gradually become the focus of attention of stakeholders.It is clear that biological assets can provide high-quality accounting information for all stakeholders,so that stakeholders can evaluate the value of the enterprise,make rational investment decisions and ultimately meet the accounting objectives of Make rational investment decisions and ultimately meet the accounting objectives of commission responsibility view.This paper takes the stakeholders,effective market and information asymmetry as the theoretical basis,and adopts literature research method,case analysis method,statistical analysis method and theoretical research method to analyze the biological assets accounting.First of all,the status quo of biological assets is analyzed.Through the identification and analysis of needs,the four stakeholders of this paper are determined,in addition,46 agricultural listed companies are taken as examples to analyze the current status of their biological assets accounting,which constitutes the actuality of the paper.Secondly,it introduces the case of ChuY Agro-Pastoral.Through the introduction of company profile and actuality of ChuY Agro-Pastoral,the current method of confirming,measuring and disclosing the biological assets of ChuY Agro-Pastoral is expounded.Combining the identification and analysis of needs and the particularity of biological assets,the accounting problems of ChuY Agro-Pastoral are analyzed,which finds out some problems,such as confirming lack of timeliness,limitation of historical cost measurement,and imperfect of disclosure system and so on.It emphasizes on analyzing the problems of biological assets accounting behind the losses of ChuY Agro-Pastoral,and analyzes the causes of the problems,so as to explore the optimization plan of ChuY Agro-Pastoral's biological assets accounting.and analyzes the causes of the problems,and explores the optimization plan of the young eagle farming and animal husbandry assets accounting.Finally,it is concluded that the biological asset accounting system should be improved through the consummation of standard,fair value measurement and norm of disclosure system,and proposed to establish a biological assets accounting system,strengthen internal and external control,information disclosure and accounting personnel learning and strengthening internal and external auditing are proposed to optimize biological assets accounting.This paper innovates from two angles: Firstly,it is the innovation of research perspective.This paper starts from the perspective of stakeholders to do research on biological assets and then unifying them to form the main body.The second is the proposed innovation.The innovation of recommendation is provided from adopting the fair value model to do the biological assets accounting in animal husbandry.This paper proposes the method of measuring the biological assets by fair value measurement,perfecting the biological assets accounting theory and giving to-the-point suggestion on biological assets accounting.From a theoretical perspective,there is less literature on the analysis of biological assets from the perspective of stakeholders at this stage,and the view of shareholders uppermost is still the popular main way.This paper analyzes the biological assets accounting problem from a new perspective,which is in line with China's national conditions and is more realistic,providing new ideas for doing research on biological assets.From a realistic perspective,agricultural industrialization has continuously improved the quality of agricultural accounting in China.It is necessary for agricultural enterprises to rely on high-quality accounting information for sustainable development in economic slowdown.At present,investors lack of investment confidence in agricultural listed companies,because the quality of accounting information of agricultural listed companies is not high,and the disclosure is not timely,especially the problem that biological assets accounting has a history.Nowadays,the accounting system is not perfect,which is difficult to adapt to the requirements of accounting information for stakeholders.