Analisis Pendekatan Nilai Wajar dan Nilai Historis Dalam Penilaian Aset Biologis Pada Perusahaan Agrikultur: Tinjauan Kritis Rencana Adopsi IAS 41

Language : Indonesia - SNA 13 PURWOKERTO  2010
Pages : 38 Halaman
Release Date : 2010
Harga : Rp. 20.000,- (softcopy CD) - Belum Ongkir

Saur Maruli dan Aria Farah Mita

Universitas Indonesia

This study discusses about the analysis of application of fair value and historical cost 

approaches used by agricultural companies in valuing their biological assets. The term of 

biological assets in this study refers to the biological assets possessed by agricultural 

companies specifically plantation companies. Due to IFRS convergence process done by IAI 

to adopt IAS 41, this study tries to give initial description by comparing both groups which

use different approaches in valuing the biological assets. The comparison is intended to figure 

out the existence of significant differences for the value of assets, return on assets, revenue 

and earnings for each group which uses two different approaches, respectively. The study also 

tries to prove the existence of larger income smoothing propensity in the group of companies 

using fair values approach instead of historical cost approach. Eventually, the study tries to 

prove the influence of the application of fair value approach to earnings volatility which is 

indicated to be higher than if we use the application of historical cost approach. By using 

statistical tests, analysis of variance and analysis of regression, we reach the result and  

conclusion that there is no significant differences in the value and volatility of the assets, 

return on assets, revenue and earnings for both different groups. The result and conclusion  

also explain that there is no significant influence of the application of fair value approach to 

the volatility of company’s earnings.

Key words:

Biological Assets, Fair Value, Historical Cost, IAS 41, Plantation