ANALISIS PENERAPAN INTERNATIONAL ACCOUNTING STANDARD (IAS) 41 PADA PT. SAMPOERNA AGRO, Tbk

Abstract

Biological assets are plant and animal live which have biological transformation. Biological
transformation consists of a process of growth, degeneration, production, and procreation that
cause qualitative and quantitative changes. Standards which arrange the biological asset is IAS 41.
The analysis of this study was conducted using comparative qualitative method through a case
study in one of the farm company which is listed in Indonesia Stock Exchange, PT. SAMPOERNA
AGRO, Tbk. The data which is used is secondary data from annual report in 2011. The analysis of
this data was processed using descriptive quantitative method in order to find the impact of the
application of IAS 41 in that company. The results of this study showed there was no significant
different between the measurement, recognition, and disclosure of biological assets before and
after applied IAS 41. But when IAS 41 was applied there was no confession about the existence of
accumulation depreciation, so that there is an increase of those biological assets. The
measurement of biological assets used fair value so that it is more relevant than today. The
biological assets are grouped based on the age of the plant to measure the fair value.