Skip to main content
Top

2013 | OriginalPaper | Chapter

39. Study on Measurement Attributes of Biological Assets in Chinese Agribusiness

Authors : Li Guo, Yun Yang

Published in: Informatics and Management Science IV

Publisher: Springer London

Activate our intelligent search to find suitable subject content or patents.

search-config
loading …

Abstract

Since biological assets were main component of agriculture enterprises’ assets, selection of appropriate measurement attribute for biological assets became important for agriculture accounting. International Accounting Standard 41 allowed both historical cost and fair value to measure biological assets. More importantly, it introduced fair value measurement as the preferred selection for biological assets. In 2006, China announced CAS5 which required that biological assets should be measured on the basis of historical cost at initial recognition and subsequent reporting period. However, use of fair value was allowed in CAS5 only when biological assets’ fair value could be reliably obtained. Based on biological asset’s nature, the article discussed arguments on using historical cost or fair value to measure biological. On one hand, using historical cost to measure biological assets was reliable but irrelevant. On the other hand, using fair value to measure biological assets was relevant but unreliable. The article strongly suggested a hybrid measurement model should be taken on this stage in China which represented majority of Chinese academician’s opinion.

Dont have a licence yet? Then find out more about our products and how to get one now:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

  • über 102.000 Bücher
  • über 537 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Maschinenbau + Werkstoffe
  • Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Springer Professional "Technik"

Online-Abonnement

Mit Springer Professional "Technik" erhalten Sie Zugriff auf:

  • über 67.000 Bücher
  • über 390 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Maschinenbau + Werkstoffe




 

Jetzt Wissensvorsprung sichern!

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

  • über 67.000 Bücher
  • über 340 Zeitschriften

aus folgenden Fachgebieten:

  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Versicherung + Risiko




Jetzt Wissensvorsprung sichern!

Literature
1.
go back to reference Shi DJ, Qu BY (2007) A study on biological assets’ measurement attribute. Audit Econ Res 322:362–366 Shi DJ, Qu BY (2007) A study on biological assets’ measurement attribute. Audit Econ Res 322:362–366
2.
go back to reference Ju YJ, Zhu GC (2008) A study on the comparison of biological assets’ measurement selection. Commun Finan Account 37:171–179 Ju YJ, Zhu GC (2008) A study on the comparison of biological assets’ measurement selection. Commun Finan Account 37:171–179
3.
go back to reference Yu GE (2009) Biological assets’ standards’ measurement attribute and economic consequence. Chin Agri Account 9:27–31 Yu GE (2009) Biological assets’ standards’ measurement attribute and economic consequence. Chin Agri Account 9:27–31
4.
go back to reference Ge JS, Du CC, Cao CL (2010) Financial accounting measurement inevitable choice: hybrid measurement model. Account Res 18:55–63 Ge JS, Du CC, Cao CL (2010) Financial accounting measurement inevitable choice: hybrid measurement model. Account Res 18:55–63
Metadata
Title
Study on Measurement Attributes of Biological Assets in Chinese Agribusiness
Authors
Li Guo
Yun Yang
Copyright Year
2013
Publisher
Springer London
DOI
https://doi.org/10.1007/978-1-4471-4793-0_39

Premium Partners