Study On Measurement Of Fair Value Of Biological Assets

Since the 19 th National Congress,economic of our country has experienced a period of rapid development,and our socialist construction has entered a new era.At this time of new era,resource shortages have become a important factors that hinder economic development in our country.Therefore,many companies have actively expanded their business and continued to invest in upstream industries in order to maintain their competitive advantages.They have set up worldwide bases of raw materials.As a result,more and more companies have held lots of biological assets.However,the accounting method of biological assets still use the old biological assets accounting standards promulgated in 2006 based on historical costs.It is no longer proper for biological assets in the new era.Therefore,it is time to standardize the measurement of biological assets.A fair-value measurement have become a research hotpot for biological assets.This article mainly discusses the fair-value measurement of biological assets.Next,the related concepts and theoretical foundations were illustrated.Then,the requirements of fair-value measurement for biological assets are discussed.Combining with the current status of the application of fair value measurement of biological assets in A-share or H-share listed companies from 2014 to 2020,this paper exploses the existing problems in fair-value measurement,and draws measurments based on the problems to improve biological assets’ relevance of fair-value measurement which will provide more reference information and advance the confirmation of biological assets.