Reconocimiento y medición del activo biológico de la compañía Agricola Bananatropical S.A.

Abstract

International Financial Reporting Standards (IFRS) establish common rules for financial statements to be consistent, transparent and comparable around the world. These standards are issued by the International Accounting Standards Board (IASB), where it is specified how companies must maintain and report their accounts, defining types of transactions and other events that have financial impact. They were established with the purpose of creating a common accounting language so that companies and their financial statements can be consistent and reliable from one company to another and from one country to another. With regard to the development of this study, the purpose of this study is to analyze IAS 41 Biological Assets, to properly determine its measurement, valuation and accounting treatment in Compañía Agrícola BANANATROPICAL SA, it was analyzed in compliance with current accounting and tax regulations using a research approach and obtaining numerical and textual data in which they allowed a better solution of the problems that the company is going through. The study has a descriptive-explanatory scope since it led to the characterization of the study variables in which the biological asset must be valued reliably and reasonably. Biological Assets are important assets when carrying out economic activity, because this is the axis for carrying out the various processes and procedures to obtain economic benefits at the end of the fiscal year. By applying IAS 41 related to the Biological Asset to be able to carry out the Recognition and measurement of the Biological Asset of Compañía Agrícola BANANATROPICAL S.A., and thus improve the presentation of financial information.