Tratamiento contable del activo biológico: planta productora, enmienda a NIC 41.

Abstract

This paper demonstrates the accounting changes applied to agricultural activity, based on the International Accounting Standard IAS 41 Agriculture, which is the main regulation governing the accounting treatment of biological assets, however, with the reform called Amendment to IAS 41, The scope of IAS 41 and IAS 16 Plant and Equipment Ownership is modified, focusing on the accounting treatment of producing plants. The present study consists of a comparison of the effects that have occurred in the agricultural sector, following the reforms applicable to the accounting process of producing or supporting plants. The research is descriptive based on the revision of regulations among other bibliographic sources. The results show the main changes in regulations focused on the scope, recognition, and measurement of biological assets. Each process of the development of the production plant has a different accounting, demonstrating the applicability of each regulation according to the type of crop either short or permanent cycle.