ANALYSIS OF ACCOUNTING TREATMENT OF BIOLOGICAL ASSETS IN MEASURING THE COMPLIANCE LEVEL OF FINANCIAL STATEMENTS BASED ON PSAK NO. 69

  • Khusnik Hudzafidah Panca Marga Probolinggo University
  • Umi Rahma Dhany Panca Marga Probolinggo University
  • Mustofa Mustofa Panca Marga Probolinggo University
Keywords: Biological, Asset, Treatment, Recognition, Appraisal

Abstract

This study aims to analyze the accounting treatment in the recognition, valuation & disclosure of biological assets and to measure the level of conformity of financial statements based on PSAK No. 69. The type of research used is descriptive quantitative, with biological assets variables, accounting treatment and Statement of Financial Accounting Standards (PSAK). The object of the research is PT. Santosa Agrindo which is engaged in the field of cattle husbandry and fattening.

The data collection method used field study and documentation methods, while the data analysis method used was quantitative descriptive analysis with the Desclosure Index tabulation method. From the research results, there are three important parts that are used as the basis for assessing conformity with PSAK No. 69, namely (1) the company recognizes biological assets as non-current assets and experiences depletion while products from biological assets, in the form of calves, are recognized as current assets that can be traded. to customers; (2) in the recognition of depletion, the company does not recognize the depletion as an expense because the company recognizes the depletion of biological assets as an additional acquisition value of the born calves; (3) compliance level of financial report reporting by PT. Santosa Agrindo Probolinggo in PSAK No. 69 has reached 85.70%, although there is a difference in the recognition of the cost of the biological asset depletion.

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Published
2021-09-20