Fair value versus historical cost-based valuation for biological assets: predictability of financial information

Argilés, Josep Μ.; García-Blandón, Josep; Monllau, Teresa

doi:10.1016/s1138-4891(11)70029-2

Cited by 42 publications

(67 citation statements)

References 46 publications

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“…Also, Penttinen et al (2004) consider the fair valuation as a mean of reporting of unrealistic fluctuations in net profit of forest enterprises. On the other hand, according to Argilés et al (2011), the nature of agriculture makes the historical-based valuation of biological assets difficult because of the effect of procreation, growth, death and other typical problems of agricultural activities such as joint-cost situations.…”

Section: Possible Ways To the Biological Assets Measurementmentioning

confidence: 99%

Will the amendments to the IAS 16 and IAS 41 influence the value of biological assets?

Bohušová¹,

Svoboda²

2017

AGR ECON-CZECH

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Bohusova H., Svoboda P. (2017): Will the amendments to the IAS 16 and IAS 41 infl uence the value of biological assets? Agric. Econ. -Czech, 63: 53-64.Abstract: Th e aim of the paper is the evaluation of the impact of the new amendments to the IAS 16 and IAS 41 -Agriculture: Bearer Plants on the fi nancial reporting in agriculture. Th e paper is based on the comparison of the current treatments for biological assets in a form of bearer plants measurement using the IFRS13 methodology and the treatments of the amendments to the IAS 16 and IAS 41. Statistical data regarding the selected bearer plant were used for the quantification. Th e orchard of fruit trees was considered as a suitable representative of bearer plants. As it is clear from the results of the research, the measurement at fair value using the DCF method is based on the estimation which requires a relatively large source of input data for this estimation over the useful life of bearer plants. On the other hand, the eff ect on the value of the assets could be controversial and the eff ect on the profi t or loss during the useful life could be volatile. Although the objective of the fair value measurement is to achieve a true and fair view, in this case, the fulfi lment of this objective is at least controversial, since the biological assets in the form of bearer plants cannot be separately traded.

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Section: Possible Ways To the Biological Assets Measurementmentioning

confidence: 99%

Will the amendments to the IAS 16 and IAS 41 influence the value of biological assets?

Bohušová¹,

Svoboda²

2017

AGR ECON-CZECH

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“…Canopy closure (forest stand density) = the ratio between the vertical projection area of the forest canopy and the area of the forest land (2) In Equation (2), if the canopy closure (forest stand density) is 1, then the forest area calculated is completely covered by forest resources; if the canopy closure (forest stand density) is ≥20%, the forest biological asset is usually seen as a closed forest. Conversely, if the canopy closure (forest stand density) is ≤20%, then the forest biological asset is not closed.…”

Section: Self-cultivating Forest Biological Assetsmentioning

confidence: 99%

“…With the increasingly rapid development of China's economy and society, all professions and trades have growing demand for forest biological assets [1][2][3]. At the same time, non-standard, unreasonable and undemanding recognition, measurement and disclosure of forest biological assets have gradually affected the statistical normalization and utilization of forest biological asset.…”

Section: Introductionmentioning

confidence: 99%

On the Recognition, Measurement and Disclosure of Forest Biological Assets

Hou¹

2015

TOBIOTJ

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By analyzing the recognition, measurement and disclosure of forest biological assets, this paper aims to further enhance the recognition, measurement and disclosure levels of forest biological assets and also regulate the recognition, measurement and disclosure processes of forest biological assets. This paper both refers to the relevant provisions of the "Accounting Standards for Enterprises No. 5-Biological Assets" and uses cost measurement methods such as replacement cost method. The recognition, measurement and disclosure analysis of forest biological assets can help grasp the specific value of forest biological assets from another perspective. This will not only be able to improve the credibility of forestry enterprises, but also guarantee the reliability of forest biological assets.

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“…Carnes et al, 2003, Kim and Kross, 2005, Dechow et al, 1998, Argilés et al, 2011, we assume that a firm's profitability depends on its profitability in a previous period. Past profitability captures an array of firm and management characteristics that have to be taken into consideration when explaining future firm performance.…”

Section: Empirical Designmentioning

confidence: 99%

Empirical analysis of the incidence of accidents in the workplace on firms’ financial performance

et al. 2014

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Fair value versus historical cost-based valuation for biological assets: predictability of financial information

Cited by 42 publications

References 46 publications

Will the amendments to the IAS 16 and IAS 41 influence the value of biological assets?

Will the amendments to the IAS 16 and IAS 41 influence the value of biological assets?

On the Recognition, Measurement and Disclosure of Forest Biological Assets

Empirical analysis of the incidence of accidents in the workplace on firms’ financial performance

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