CPC 29 - Ativo biológico e produto agrícola, uma crítica à mensuração da cultura perene ao valor justo

Abstract

Brazilian accounting practices for agribusiness companies, also in convergence with international accounting standards have undergone a significant change with respect to evaluation of its biological assets. It is understood that it is the responsibility of accounting to provide clear and credible information about the accounting data of an entity therefore international standards consider that the fair value assessment is the method that best presents the economic and financial reality for some assets, including the biological assets. Preferably the fair value of biological assets is determined by the value of an active market when its existence, if not, methods such as comparison or Discounted Cash-Flow valuation methodologies are also considered. According to the Accounting Pronouncement Committee, a biological asset is a living animal or plant, which undergoes biological changes, such as growth, degeneration, production and procreation, that these changes will cause qualitative and quantitative changes in these assets. This statement is clear and specific in its application to agricultural production, considered one obtained at the time and point of collection of products arising from biological assets of the entity. In the practices adopted by the institutions biological asset is classified under under stock. This paper aims to discuss the measurement of non-perennial biological assets, such as fruit trees that do not exist to be sold, but only to serve as a source of production. And therefore should be classified as biological assets of the entities being assessed by the traditional method of historical cost