Research On Mixed Measurement Model Of Swine Biological Assets

Pig breeding industry is a traditional industry in China.For a long time,the main body of pig breeding in China is mainly retail investors,with low productivity and backward management level.With the implementation of the policy of strengthening agriculture and benefiting farmers,China’s pig breeding industry has developed rapidly,the mode of production has changed actively,the pace of scale,standardization and industrialization has accelerated,and a number of excellent pig enterprises have emerged.Pig biological assets are the main assets and means of production for the management and accounting of pig enterprises.As pig enterprises continue to introduce capital,expand production scale,accurately measure and truly disclose the information of pig biological assets becomes more and more important.In practice,the cost measurement method adopted by pig enterprises for pig biological assets can not fully reflect the natural value-added part of the biological assets and its real market value,so the research on accounting measurement of pig biological assets still needs to be further deepened.On the basis of combing the relevant literature of biological assets,this paper expounds the concept and characteristics of biological assets,and makes a comparative analysis of the historical cost measurement model and fair value measurement model of biological assets.Then,taking Wen’s shares as an example,this paper summarizes the growth law and market transaction law of pig biological assets,analyzes the accounting measurement mode of pig biological assets of Wen’s shares,compares with the enterprises in the industry,and summarizes the existing problems.Finally,in order to solve the problems found in the case analysis,it is proposed to use the historical cost model for commercial pigs and reserve pigs,and the fair value model for adult pigs.At the same time,the accounting treatment of pig biological assets in different stages is discussed,and an example is given to illustrate.Through the case study of Wen’s shares,this paper finds that the value of pig assets is affected by both natural factors and market factors,and it is difficult to reflect the real value of pig only by a single measurement model.Through the comparative analysis with other pig enterprises,this paper finds that there are differences in asset depreciation and disposal of pig enterprises under the historical cost mode,which leads to the lack of comparability of accounting information of biological assets.Therefore,combined with the growth characteristics and market rules of pigs,this paper puts forward a mixed measurement model suitable for pig biological assets,hoping to solve the shortcomings of cost model measurement in pig enterprises,provide reference for pig enterprises to measure biological assets,and also provide new ideas for the research of biological assets measurement model in China.