Research On Accounting Treatment Of Biological Assets Of Listed Agricultural Companies

Agriculture is the basis of people's production and life.The development of agricultural economy is closely related to the development of social economy.With the increasing trend of economic globalization and world economic integration,China's agriculture shows a high-quality development mode,and gradually moves towards the road of internationalization,so China's agricultural listed companies are also increasing,and the proportion of biological assets in agricultural listed companies is also increasing.Biological assets are indispensable in the agricultural system.The uniqueness of biological assets makes the recognition,measurement and information disclosure of biological assets have a vital significance for the development of China's agricultural economy.At the same time,under the background of supply side structural reform,regulating the accounting treatment of biological assets is the key to promote the development of China's agricultural economy.Therefore,how to deal with the biological assets of agricultural listed companies scientifically and accurately is of great significance.At present,most scholars' researches on biological assets are concentrated in the two fields of animals or plants,or in the selection of measurement mode,the problem of information disclosure and other single links.There are few specific researches on the key links of accounting treatment in a specific industry,such as forestry or aquaculture.The innovation of this paper is based on the particularity of our country's public welfare biological assets,based on our country's accounting standards,through the analysis of the accounting treatment of forest enterprises,we find the specific problems in the accounting treatment of forest enterprises and put forward relevant suggestions.Following the basic research idea of "theory overview case introduction case existing problems and cause analysis improvement countermeasures",this paper selects Fujian Jinsen Forestry Co.,Ltd.(hereinafter referred to as Fujian Jinsen)as a case by using case study method and literature research method,and analyzes the information collection and sorting out analysis of its annual report for the five years from 2013 to2018 The existing problems of the company's forest biological assets in accounting recognition and classification,accounting measurement and accounting information disclosure mainly include fuzzy boundary of biological assets,incomplete recognition conditions of biological assets,no consideration of natural value-added in measurement mode,inconsistent depreciation policy of biological assets,no provision for impairment of biological assets,nonstandard and nonstandard information disclosure of biologicalassets Comprehensive and untimely.There are many reasons behind the problems.The uniqueness of forest biological assets enhances the difficulty of classification.Forest biological assets lack the division of maturity,the limitations of historical measurement mode,the real and objective reflection of the impairment of biological assets is difficult.The special transaction mode leads to the easy falsification of biological assets,and the listed companies selectively disclose based on their own interests.Finally,based on these problems,this paper puts forward countermeasures to improve the accounting treatment of biological assets of Fujian Jinsen and agricultural listed companies.In terms of the recognition and classification of biological assets,it is necessary to improve and refine the classification standards of biological assets,clarify the recognition conditions of different types of biological assets,and classify the maturity of forest and wood biological assets.In the accounting measurement of biological assets,we should promote the mixed measurement mode to conform to the natural characteristics of biological assets,reasonably formulate the depreciation policy of biological assets,and standardize the impairment and transaction mode of biological assets.In the aspect of information disclosure of biological assets,we should further improve the relevant rules and guidelines of information,increase the content of information disclosure,and strengthen the means of external audit.This paper hopes to enrich the research on different types of biological assets accounting treatment,broaden the research field of biological assets,and provide some reference for other similar enterprises.At the same time,it also hopes to provide reference for the improvement of accounting standards and contribute to the development of agricultural economy.