Research On Accounting Measurement And Information Quality Disclosure Of Biological Assets Of China’s Livestock Enterprises

China’s agriculture is entering the stage of intelligent agriculture.During this period,listed agricultural companies,as an extremely important part of the entire industrialization chain,should play an exemplary role.Biological assets as the basic resources for agricultural enterprises to engage in production and operation activities are unique industry information of the agricultural industry.The capital market is a market driven by information.The disclosure of accounting information related to biological assets by listed companies will directly affect the capital market’s allocation of resources to agricultural listed companies.At this stage,the repeated prohibition of biological asset fraud in listed agricultural companies,and it is difficult to establish a specific biological asset measurement standard,and information disclosure about biological assets is undisclosed and unreliable.These current conditions have caused investors to worry about the current status of biological asset information disclosure of agricultural listed companies.How to choose the biological asset measurement model applicable to China’s agricultural enterprises,and how to improve the quality of information disclosure of biological assets of listed agricultural enterprises.These are issues worthy of in-depth exploration by scholars.This paper takes the 2018 version of the new conceptual framework as the perspective to explore the selection of accounting measurement models for biological assets of listed agricultural enterprises and the disclosure of biological assets.Comparing the 13 listed livestock companies horizontally,the current status of the accounting treatment of the overall biological assets of the livestock industry is more comprehensively measured.It is found that the new concept framework is applicable to China’s agricultural enterprises from the three aspects of financial reporting objectives,measurement basis of financial statements elements and accounting information quality characteristics,and can provide guidance for the revision of China’s biological asset accounting standards.In addition,this paper focuses on the status of the measurement and disclosure of Truein Group’s biological assets,analyzes the existing problems of enterprises and conducts cause analysis,and explores the optimization scheme of Truein Group’s biological assets biological asset accounting.In the end,it can be concluded that through the implementation of compound measurement of biological assets,the improvement of corporate governance structure and the improvement of the information disclosure system,the choice of biological asset accounting measurement model in China can be solved and the quality of information disclosure improved.The research in this paper is not only of practical value for general livestock enterprises to solve the problems related to biological assets,but also has a certain significance for promoting the revision of accounting standards for biological assets.