Study On Accounting Treatment Of Biological Assets Of Fishery Company

"Turning pale at the mere mention of agricultural" has become a portrayal of investors’ attitudes to A-share agricultural listed companies in recent years."Less to the west of the Beijing-Guangzhou line,don’t invest in agricultural companies" has become a word of mouth.Mainly because the once-listed agricultural listed companies caused a lot of investors’ miserable experience because of financial fraud,which caused everyone to lose their hearts,including the sensational Wanfushengke,Shengjingshanhe,Yinguangxia,Lantian Stock,Green Land,New Land,and One of the case objects of this article is Zhangzidao,etc.,and the main thunder areas of these counterfeit enterprises are the biological assets unique to the agriculture,forestry,animal husbandry and fishery industries.Biological assets are like a Pandora’s magic box.Although international and domestic accounting regulations have been specifically issued to guide the initial measurement,subsequent measurement,and asset impairment of biological assets in order to standardize the accounting treatment in this industry,the existing biological assets Related laws and regulations and guidelines cannot effectively restrict the listed companies in agriculture,forestry,animal husbandry and fishery,and even ordinary agricultural enterprises to carry out accurate accounting treatment: biological assets refer to living animals and plants with long growth cycles,self-proliferation,high risk of natural disasters,It is difficult to estimate the quantity,the inventory is not easy to check,the audit is not easy to advance,and the value cannot be determined.In addition to the state’s support for the development of agricultural enterprises,primary agricultural products are exempt from corporate income tax,and subsidies are vigorously used.Agricultural enterprises use biological assets for counterfeiting.Diversified,not easy to find,low cost of counterfeiting,the frequency of thunderstorms for agricultural listed companies is much higher than other industries.Because of this,the author’s determination to delve deeper into it is hoped to have a deep understanding of this type of risk in the agriculture,forestry,animal husbandry and fishery industry,and to deeply study the accounting treatment of biological assets.The most important thing is to combine the actuality.This article is innovative.The choice of two representative and comparable agricultural companies,Zhangzidao and Haodangjia,compare the accounting treatment methods of their respective products in the same industry companies of Zhangzidao and Haodangjia,such as: asset classification,initial cost measurement,inventory Methods,cost carry-over methods,asset impairments,and information disclosure,the analysis shows that there are cases where the two companies have obvious influence on the industry’s operating efficiency and supervision due to the different processing methods.This article focuses on the subject of accounting treatment of biological assets in fishery enterprises.First discuss the theoretical basis and characteristics of biological assets,the difficulties faced in actual accounting treatment,as well as the differences between domestic and foreign standards,whether there are problems with the standards,and then combine the case analysis to verify whether the aforementioned difficulties and the problems with the standards are true.Finally,we will summarize and reflect,and put forward our own solutions in a targeted manner,so that the theory can be as practical as possible.This article innovatively proposes forward-looking recommendations and solutions for biological assets in terms of accounting treatment theory and practice,including but not limited to: "practice + risk"-oriented rules formulation ideas,use of Internet big data + material Networking + transparent factory technology,strengthening information disclosure requirements,etc.,applied to the rules,input,supervision,inventory,and disclosure of agricultural enterprise biological assets will help the healthy development of China’s agricultural listed companies in the capital market.However,due to the author’s limited knowledge and practical experience,the implementation of the proposed countermeasures requires further development and advancement of technology,and its feasibility needs further demonstration.