Accounting Standard Review of Biological Assets Based on Indonesia Government



PSAK-69 agriculture is a accounting standard for biological assets . Adopted full from international standard, that is IAS-41 agriculture. Bassed of measurement using fair value. This research was conducted at PTPN XII Kalisanen commodity rubber trees. This study analyzes existing accounting concepts of PTPN XII Kalisanen with those in PSAK-69 agriculture. Furthermore, whether fair value is an effective method of measuring biological assets. The results of the first study show some differences in accounting treatment by PTPN XII Kalisanen with PSAK-69. As for the second study of each biological asset undergoes a biological transformation that makes a qualitative and quantitative change in the value of biological assets. Because of these qualitative and quantitative changes, the most appropriate method of measuring biological assets is based on fair value earned on the basis of market prices.

Keywords: Accountability, Biologycal Assets

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ISSN (Paper)2222-1697 ISSN (Online)2222-2847

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