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Application of Accounting Standards in the Valuation of Biological Assets: An Analysis of the Poultry Sector in Tungurahua, Ecuador

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  • Priscila Campos-Llerena

    (Facultad de Contabilidad y Auditoría, Universidad Técnica de Ambato, Ambato 180207, Ecuador)

  • Zonia Chávez-Hernández

    (Facultad de Administración de Empresas, Escuela Superior Politécnica de Chimborazo, Riobamba 060106, Ecuador)

  • Patricia Jiménez-Estrella

    (Facultad de Contabilidad y Auditoría, Universidad Técnica de Ambato, Ambato 180207, Ecuador)

  • César Salazar-Mejía

    (Facultad de Contabilidad y Auditoría, Universidad Técnica de Ambato, Ambato 180207, Ecuador)

Abstract

This study analyzes the application of International Accounting Standard IAS 41—Agriculture in poultry companies (ISIC A0146.03) in the province of Tungurahua, Ecuador, with the aim of evaluating the degree of regulatory compliance, the level of technical knowledge of accounting managers, and the impact of the lack of homogenization in the presentation of financial statements. The research is based on a quantitative–descriptive approach, through the application of a structured questionnaire to 26 representatives of poultry companies, complemented with the financial analysis of the activity during the period 2010–2024. The results show that the application of IAS 41 is not exhaustive or uniform, and various valuation methods are used that are not always aligned with the fair value approach required by the standard. Likewise, significant heterogeneity in accounting criteria is detected, which limits comparability and reduces the usefulness of financial information for decision-making. Most respondents have general but limited knowledge of the standard, which affects its technical implementation. The study concludes that it is necessary to strengthen specialized accounting training, establish sectoral standardization criteria, and promote regulatory supervision to ensure transparent, coherent, and useful financial information.

Suggested Citation

  • Priscila Campos-Llerena & Zonia Chávez-Hernández & Patricia Jiménez-Estrella & César Salazar-Mejía, 2025. "Application of Accounting Standards in the Valuation of Biological Assets: An Analysis of the Poultry Sector in Tungurahua, Ecuador," JRFM, MDPI, vol. 18(9), pages 1-26, September.
    • Handle: RePEc:gam:jjrfmx:v:18:y:2025:i:9:p:509-:d:1748727
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    References listed on IDEAS

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    1. Jelena Poljašević & Vesna Vašiček & Tatjana Jovanović, 2019. "Comparative review of dual reporting in public sector in three south-east European countries," Journal of Public Budgeting, Accounting & Financial Management, Emerald Group Publishing Limited, vol. 31(3), pages 325-344, September.
    2. Audrey Wen-hsin Hsu & Sophia Liu & Heibatollah Sami & TingHong Wan, 2019. "IAS 41 and stock price informativeness," Asia-Pacific Journal of Accounting & Economics, Taylor & Francis Journals, vol. 26(1-2), pages 64-89, January.
    3. Mohammad Saleh Altarawneh, 2023. "How Company Characteristics Influence Measurement Practices and Disclosure Level Prescribed within IAS 41," JRFM, MDPI, vol. 16(6), pages 1-34, May.
    4. S.L. Middelberg & P.W. Buys & P. Styger, 2012. "The accountancy implications of commodity derivatives: A South African agricultural sector case study," Agrekon, Taylor & Francis Journals, vol. 51(3), pages 97-116, September.
    5. Aldys Tan & Bikram Chatterjee & Susan Bolt, 2014. "The Rigour of IFRS Education in the USA: Analysis, Reflection and Innovativeness," Accounting Education, Taylor & Francis Journals, vol. 23(1), pages 54-70, February.
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