Accounting treatments of biological assets and agricultural products

• Autores: Marrufo Garcia, Rubén Darío; Cano Morales, Abel María
• Año de publicación: 2021
• Idioma: inglés
• Tipo de recurso: artículo
• Materia: Biological assets; Farm products; Colombian farms; Accounting standards
• Institución: Universidad Nacional de Misiones

Fil: Marrufo Garcia, Rubén Darío. Dr. Rafael Belloso Chacin University. Faculty of Administrative Sciences; Venezuela.
Fil: Cano Morales, Abel María. University of Medellin. Faculty of Economic and Administrative Sciences; Colombia.
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.