BIOLOGICAL ASSET ACCOUNTING: A CONTEXTUAL AND THEMATIC REVIEW OF RESEARCH SINCE THE ISSUANCE OF IAS 41 – AGRICULTURE

• Autor(a) principal: Oliveira, Deyvison de Lima
• Data de Publicação: 2022
• Outros Autores: Nakao, Sílvio Hiroshi
• Tipo de documento: Artigo
• Idioma: por
• Título da fonte: Revista Universo Contábil
• Texto Completo: https://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/9973
• topic: Biological assets; Measurement; Research; Systematic Review; IAS 41; Activos biológicos; Medición; Investigación Científica; Revisión Sistemática; IAS 41; Ativos biológicos; mensuração; Mensuração; pesquisa; Pesquisa; revisão sistemática; Revisão Sistemática; IAS 41.; IAS 41

The research presents a systematic review of the literature on accounting applied to biological assets, covering the recognition, measurement, disclosure, and presentation of these assets in the context of IAS 41 - Agriculture, in the period 2001-2020. We carried out the review in three stages (Tranfield et al., 2003; Tran & Herzig, 2020): review planning, conducting, and reporting. We identified 112 articles in the Scopus, Web of Science, Spell, and Scielo.br databases, analyzed in a thematic and contextual approach. In addition to the conflicts between national and international standards in the convergence process, the review reveals that the introduction of fair value in international standards represents a controversial change, especially concerning assets without market value that uses unobservable data in the valuation and  regarding the breadth of accounting choices. Management discretion and possible earnings management support a scenario of reduced information quality (incomparability and lack of relevance). Although there are advances in the amount of information under IFRS, the lack of compliance with disclosure signals quality limitations. We highlight the growing volume of technology and case studies (e.g. non-market asset valuation methodologies), which integrate aspects of asset management and accounting standard requirements. The review presents research questions that, among others, refer to the explanation of different accounting choices between companies and countries, the definition of more specific principles for valuing assets without market value and the identification of whether the mandatory information in IFRS is aligned to the demands of the main users.