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Biological Assets Valuation Reconstruction: A Critical Study of IAS 41 on Agricultural Accounting in Indonesian Farmers

Year: 2014

Type: conference-paper

Abstract: This paper is an in-depth review of IAS 41 from two dimensions, technical-theoretical dimension and meaning dimension simultaneously. The study aimed to anticipate the hazardous potentialities in valuation caused by monetary logo-centrism in accounting. The concepts offered are based on the condition of the existing culture in Indonesian society that was abstracted through ethnomethodology. These concepts represent Indonesian farmers’ viewpoints and ways of life in that are also closely related with agriculture utilities cycle. This paper suggests that agriculture accounting can be carried out even if it does not use monetary unit as its valuation approach.

Source: Procedia - Social and Behavioral Sciences

DOI: 10.1016/j.sbspro.2014.11.052

Authors: Rendra Kurniawan, Aji Dedi Mulawarman, Ari Kamayanti

Institution: University of Brawijaya

Language: English

Topic: Accounting Theory and Financial Reporting

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: diamond

OpenAlex ID: W1968171929

FWCI: 2.187

Cites: 7

Cited by: 30

Related to: 10