PSAK 69 Perspective in the Treatment of Biological Assets: Case Study of Pt. Greenfields Indonesia Dairy Farm Unit

Authors

  • Andi Suryo Putro Management Study Program Students, STIE Indocakti Malang
  • Muhammad Hasyim Ashari Accounting Study Program Lecturer, STIE Indocakti Malang
  • Gusnar Mustapa Accounting Study Program Lecturer, STIE Indocakti Malang
  • Hendy Hermawan Accounting Study Program Lecturer, STIE Indocakti Malang

Keywords:

Biological Assets, Accounting Treatment, PSAK69

Abstract

The objectives of this research are to: (1) Examine how biological assets are handled in the PT. Greenfields Indonesia Unit Dairy Farm; and (2) Examine if how biological assets are handled in the PT. Greenfields Indonesia Unit Dairy Farm is appropriate in light of PSAK 69.This study employed a case study technique using a descriptive qualitative method. The biological asset in the shape of birds gripping a magpie stone field is the research's target, and the subject of the study is PT. Greenfields Indonesia Unit Dairy Farm. Data were gathered via documentation, interviews, and observation. Analysis of data through three stages: (1) Analyzing data of biological assets, (2) Comparing data of biological assets with PSAK 69, (3) Conclusion.The results of this study indicate that there are differences or non-conformances of accounting treatment according to PT. Greenfields Indonesia with PSAK 69 both recognition, measurement, presentation and disclosure of biological assets. In addition to accounting treatment there are also differences related to transaction journals made by companies in accordance with PSAK 69, thus causing the financial statements
presented to be less reliable and relevant.

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Published

2024-07-26

Issue

Vol. 12 No. 1 (2024): Tamansiswa Accounting Journal International

Section

Articles