We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
ADOÇÃO DO VALOR JUSTO PARA OS ATIVOS BIOLÓGICOS: ANÁLISE DE SUA RELEVÂNCIA EM EMPRESAS BRASILEIRAS.
- Authors
da Cunha e Silva Filho, Augusto Cezar; Gomes Martins, Vinícius; Veras Machado, Márcio André
- Abstract
In 2009, the Accounting Pronouncements Committee (CPC) approved the CPC 29 accounting standards (Biological Assets and Agricultural Products). The CPC 29 expose the accounting treatment for biological assets and agricultural products, bringing the use of fair value rather than historical cost in accounting measurement. That is the context for this article, which aims to analyze the relevance of adopting the fair value of biological assets and its impact on equity. Therefore, it analyzes the question about the value relevance of biological assets measured at historical cost and fair value, as well the impact of the change in measurement basis on equity for the years 2008 and 2009, of the companies listed on the BM&FBOVESPA. Empirical evidence supports that the adoption of the fair value caused significant changes in the values of biological assets and equity. Evidence also suggests that biological assets valued at historical cost were evidenced with underestimated values by accounting. A plausible explanation for this finding is the fact that over time, the historical cost is not likely to reflect the ability of the economic benefit, limited to the face value at the date of acquisition or production.
- Publication
Revista Universo Contábil, 2013, Vol 9, Issue 4, p110
- ISSN
1809-3337
- Publication type
Article
- DOI
10.4270/ruc.2013433