2026-04-17T06:47:18Zhttps://recercat.cat/oai/requestoai:recercat.cat:2445/629882025-12-05T10:40:57Zcom_2072_1057col_2072_478811col_2072_478917
RECERCAT
author
Argilés Bosch, Josep M.
author
Sabata i Aliberch, Anna
author
García Blandón, Josep
2015-02-16T19:08:07Z2015-02-16T19:08:07Z2012-01-302015-02-16T19:08:07Z
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.
(c) Asociación Española de Profesores Universitarios de Contabilidad, 2012 info:eu-repo/semantics/openAccess
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
info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion