Reconocimiento y valoración del activo biológico en la empresa Delai S.A. en el 2018.

Abstract

The shrimp industry is one of the main productive activities of the country. In the accounting treatment of this industry, the application of IAS 41 for biological assets is carried out, these must be assessed correctly and according to their importance. Where the International Financial Reporting Standards become the mechanism to consider general and specific policies, with the aim of helping to reduce the difficulties that companies engaged in aquaculture have, such as identifying the sources to which they should resort shrimp producers, and thus be able to provide adequate accounting treatment to each of the accounts that make up the Financial Statements as well as biological assets, including the fair value of the aquaculture product that said biological assets produce, guaranteeing compliance with the regulations and correct decision making of the administration. The objective of the work is to elaborate processes to recognize and value the biological asset in the company Delai S.A. in 2018. For the preparation of this research, the International Accounting Standards have been taken as reference: 41 Agriculture, and the International Financial Reporting Standard 13 Fair Value; In addition, interviews were conducted with external auditors involved in the review of the financial statements of the shrimp sector, in order to identify whether the company has adequate accounting treatment when determining the fair value of the aforementioned assets. It is important that shrimp sector companies can recognize and value assets for the correct decision making as well as the fulfillment of their tax obligations.