Recognition and Evaluation Challenges of Biological Assets within the Framework of the Moroccan Agricultural Accounting Plan

Abstract

The operations related to agriculture encompass plants and animals, constituting biological assets. In terms of accounting and assessment, the realm of biological assets remains relatively unexplored in Morocco. The distinctive and singular nature of these biological assets leads to confusion and uncertainty in their evaluation and accounting when applying current accounting practices. The objective of this article is to elucidate the conceptual framework concerning the recognition and classification of biological assets, while examining the issues related to their evaluation and the impact on the relevance of accounting information. These constraints and problems associated with asset evaluation stem from a study conducted on a sample of 200 accountants, whether internal or external to agricultural operations.

Keywords: biological assets, evaluation, accounting information relevance.

Classification JEL: M41

Paper type: Theoretical Research