Research On Information Disclosure Of Intangible Assets Of Biological Seed Enterprises

With the constant advances in biotechnology,the policy concern and support for the domestic seed industry will lead extra and extra seed organisations to embark on the course of high-tech development,which potential that intangible property are steadily turning into an essential indicator of the core competitiveness of seed enterprises,and the capital market will put ahead greater necessities for the disclosure of data on intangible belongings of growing organic seed enterprises.In addition,as the current accounting requirements have printed a range of troubles in the recognition,size and disclosure of intangible property,one of the possible priority projects of the International Accounting Standards Board(IASB)in the next five years is the revision of IAS 38-Intangible Assets,so all relevant units in China should actively contribute Chinese wisdom and Chinese solutions.As high-quality intangible asset information disclosure is necessary for all stakeholders: for bio-seed enterprises,it helps to improve their intangible asset management and obtain sustainable development momentum;For the public,access to sufficient information on intangible assets and grasp of the latest biotechnology is beneficial for making the right decisions;for the government,it fully understands the relevant intangible asset information of bio-seed enterprises For the government,a full appreciation of the intangible belongings of the organic seed enterprise will assist it to hold close the improvement of the seed industry and realize the high-quality allocation of social resources.Therefore,the study of intangible asset information disclosure of biological seed enterprises in China is of multi-faceted significance,and the issue of intangible asset information disclosure of biological seed enterprises at this stage is worthy of attention.This paper makes use of literature evaluation and case find out about strategies to analyse the research on intangible asset information disclosure at home and abroad,analyzes the special characteristics of intangible assets and their information disclosure of biological seed industry enterprises,based on the relevant theoretical and institutional foundations,combined with the relevant data and information disclosure of the case company-Longping HiTech and comparative analysis with several companies in the same industry,put forward the current problems of intangible asset information disclosure of biological seed industry enterprises in China,summarised three causes and four possible adverse effects,and finally recommendations are made in three areas to solve the current information disclosure problems.This paper concludes,after theoretical and case studies,that: i.at the present stage,there are various problems with the disclosure of intangible assets of biological seed enterprises in China,such as information disclosure is not standardised,incomplete,non-specific and poorly relevant,to which biological seed enterprises should pay attention;ii.the current accounting standards and information disclosure system can no longer meet the working needs of biological seed enterprises for intangible asset information disclosure,and policy makers should start to improve the information disclosure system;iii.it is suggested that the information disclosure system for intangible assets in the biological seed industry should be built from three aspects,namely the theoretical framework of information disclosure,disclosure mode and guarantee mechanism,in order to improve the information disclosure of intangible assets of biological seed industry enterprises in China at the present stage.