ACCOUNTING TREATMENTS OF BIOLOGICAL ASSETS AND AGRICULTURAL PRODUCTS

• Main Authors: Rubén Dario Marrufo Garcia, Abel Maria Cano Morales
• Format: Article
• Language: English
• Published: Universidad Nacional de Misiones 2021-01-01
• Series: Visión de Futuro
• Subjects: biological assets; farm products; colombian farms; accounting standards
• Online Access: https://visiondefuturo.fce.unam.edu.ar/index.php/visiondefuturo/article/view/489/357

It should be mentioned that this work that is presented, as a result of research, corresponds to the management and accounting treatment that can be given to Biological Assets in Latin American companies in the agricultural sector, and its purpose is to demonstrate the influence that exists between the importance given to low financial accounting (IAS / IFRS) and poor reciprocity in accounting management and accounting practices that are effectively applied in the agricultural sector, especially in SMEs, thereby causing some cracks. However, it can be stated that the reasons for the possible fissures that may exist are attributed to the fact that the current general accounting standards do not adapt very well to the particularities of the agriculture sector and are relatively difficult, and costly to implement.