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Retno Martanti Endah L

Judul : Overview The Implementation of Accounting For Agriculture in Indonesia and Malaysia
Abstrak :

This paper aims to measure of biological asset. IAS 41
Agriculture is an accounting standard which is applied to agricultural
entities in enforcing accounting for biological assets. The method used is
descriptive quantitative method. The comparative analysis of Indonesia and
Malaysia provides an overview the implementation of accounting for
agriculture. The results show that in 2018 as many as 67% of agricultural
companies in Indonesia have implemented IAS 41 agricultural, while in
Malaysia an average of 74% of agricultural companies have applied it since
2012. IAS 41 measurement using fair value are very sensitive to the market
so it will be increasingly difficult to ascertain whether profit and loss are
caused by business decisions made by management or by changes that
occur in the market, including the volatility of the performance of the
institution due to the easier value of fluctuating asset and liability items.
This paper considers the implications for agricultural companies in
Indonesia and other countries to follow applicable standards in order to be
generally accepted, because the company's assets undergo a biological
transformation which results in changes both qualitatively and
quantitatively and this will affect the presentation of financial statements.

Tahun : 2018 Media Publikasi : Prosiding
Kategori : Prosiding No/Vol/Tahun : 11 / 01 / 2018
ISSN/ISBN : 978-969-670-841-4
PTN/S : Universitas Padjajaran Program Studi : AKUNTANSI
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