Tratamiento contable del activo biológico cacao bajo la NIC 41.

Abstract

The present work demonstrates the correct procedure of the cocoa biological asset respecting the scope of the International Accounting Standard IAS 41 agriculture, this begins at the moment of the germination of the producing plant, and ends at the harvest of the cocoa product. Through this example, it can be seen that there are changes in the amendment to IAS 16 Property, Plant and Equipment, which focuses on accounting for agricultural production facilities. For this reason, the purpose of this research is to determine the accounting treatment of the cocoa biological asset, applying the modifications of IAS 41 in the accounting records, for which it is based on a descriptive survey using data from high-impact scientific journals and doctoral thesis for an updated presentation of the cocoa production costing exercise. Obtaining results oriented to the recognition and measurement of cocoa was achieved, since the stages developed in this production have an accounting framed in each norm according to the type of crop, in this case it would be a long cycle.