2026-04-13T03:14:48Zhttps://recercat.cat/oai/request

oai:recercat.cat:2445/629882025-12-05T10:40:57Zcom_2072_1057col_2072_478811col_2072_478917

00925njm 22002777a 4500 dc Argilés Bosch, Josep M. author Sabata i Aliberch, Anna author García Blandón, Josep author 2015-02-16T19:08:07Z 2015-02-16T19:08:07Z 2012-01-30 2015-02-16T19:08:07Z This paper presents empirical research comparing the accounting difficulties that arise from the use of two valuation methods for biological assets, fair value (FV) and historical cost (HC) accounting, in the agricultural sector. It also compares how reliable each valuation method is in the decision-making process of agents within the sector. By conducting an experiment with students, farmers, and accountants operating in the agricultural sector, we find that they have more difficulties, make larger miscalculations and make poorer judgements with HC accounting than with FV accounting. In-depth interviews uncover flawed accounting practices in the agricultural sector in Spain in order to meet HC accounting requirements. Given the complexities of cost calculation for biological assets and the predominance of small family business units in advanced Western countries, the study concludes that accounting can be more easily applied in the agricultural sector under FV than HC accounting, and that HC conveys a less accurate grasp of the real situation of a farm. Economia agrària Valor (Economia) Costos de producció Comptabilitat Agricultural economics Value (Economics) Industrial costs Accounting A comparative study of difficulties in accounting preparation and judgement in agriculture using fair value and historical cost accounting for biological assets valuation