An analytical study of accounting for biological assets according to the Algerian agricultural financial accounting system in light of IAS 41 (Agriculture)

Abstract

This study aims to shed light on the accounting of animal and plant biological assets prescribed in the Algerian agricultural financial accounting system in light of what is stated in IAS 41 “Agriculture,” considering that it represents the summary of accounting thought adopted from the international accounting reference. To address the problem of the study and test its hypotheses, we relied on the descriptive approach, by analyzing the elements related to accounting for biological assets in the Algerian and international accounting reference. The results reached are: The Algerian agricultural financial accounting system defines biological assets and explains how they are recognized and included in the accounts, in addition to the existence of compatibility between the agricultural financial accounting system and International Accounting Standard 41 “Agriculture” in terms of requirements for accounting treatment of biological assets