Study On The Selection Of Measurement Attributes Of Biologicalassets In Agricultural Listed Companies

China has won the battle against poverty,and to achieve common prosperity,it is also necessary to implement the strategy of rural revitalization,especially the development of rural agriculture,which is extremely important for the development of agricultural listed companies.However,problems have frequently appeared in agricultural listed companies in recent years,mainly focusing on biological assets.Biological assets are important assets of agricultural listed companies,and their measurement needs to be carried out in strict accordance with relevant systems,and at present,biological assets are mainly measured by the historical cost measurement model,which leads to discrepancies between the book value of biological assets and the reality;in addition,the historical cost model allows expendable biological assets to reverse the impairment provision already made In addition,the historical cost model allows for the reversal of impairment charges on expendable biological assets,and some unscrupulous enterprises may engage in excessive surplus management through expendable biological assets.This paper selects Wenshigufen as a research case,through an in-depth analysis of the current situation of biological assets measurement,we find that the current measurement attributes adopted by Wenshigufen cannot reflect the subsequent natural appreciation value of biological assets,and each year,biological assets are provided for impairment to varying degrees,which fluctuates greatly compared to the fair value model,and the robustness of accounting information is poor;Wenshigufen adopt historical cost model and fair value model for biological assets respectively Model,fair value model for measurement of biological assets,found that the measurement results under the two models differ greatly,which will affect the financial indicators of the enterprise.The historical cost model has certain drawbacks,but Wenshigufen still selects the historical cost measurement model for the measurement of biological assets,mainly because of the complexity of the fair value measurement model itself,as well as the fair value measurement system is not fully mature,and there is limited room for using expendable biological assets for excessive surplus management.Through an in-depth analysis of the problems of Wenshigufen and the currently listed agricultural companies,it is found that the adoption of the fair value model has certain advantages,such as timely reflection of the true value of biological assets and more robust accounting information.However,the current research on biological assets mainly focuses on the analysis at the theoretical level,and rarely considers the practical problems of measurement model conversion.In this paper,based on the overall industry status quo and the specific application of biological assets by Wenshigufen,the following improvement measures are proposed: i.e.,the historical cost model is adopted for the initial measurement of production-ready biological assets,biological assets and subsequent measurement that do not meet the fair value measurement conditions;for biological assets that meet the fair value measurement conditions,the fair value model is used for subsequent measurement as a priority.In order to promote the fair value model,enterprises that choose the fair value model and find that it is not suitable for their own development are allowed to switch back to continue to adopt the historical cost model,but are not allowed to change the measurement model repeatedly in the follow-up.The historical cost model unifies the criteria for classifying matured and immature biological assets and improves the comparability of accounting information.At the same time,in order to improve the authenticity of biological assets information,enterprises are encouraged to take impairment in accordance with the actual situation of productive biological assets,and are allowed to reverse the impairment taken under the detailed announcement of the reasons for impairment and the specific circumstances of impairment reversal.In order to better improve the selection of measurement attributes of biological assets,we should also increase supervision,improve the internal supervision system of enterprises,and joint multi-departmental supervision,as well as increase the cost of non-compliance of enterprises to curb the occurrence of financial fraud.The proper selection of measurement attributes cannot be achieved without the cooperation of financial personnel.We should continuously improve the internet application ability and professional level of financial personnel and select the mode of joint industry-education training for financial personnel in order to better improve the application ability of financial personnel.Multi-parties work together to promote the development of biological asset measurement system of listed agricultural companies.