Analysis of Biological Assets Measurement and Treatment by Using Fair Value and Historical Cost Approaches on Plantatiton Entities Based on PSAK 69 (Study in PT Dewi Sri)

Abstrak

Biological assets are assets in the form of animals and plants regulated in PSAK 69 which starts to be used effectively in 2018 which allows not many companies to apply this PSAK. The purpose of this research is to understand and analyze the biological assets measurement and treatment using fair value and historical cost approaches on plantation entities based on PSAK 69 in PT Dewi Sri. The research method was descriptive qualitative. The data collection techniques were documentation and interviews, which were used to obtain information data on biological assets of coffee plants and information on recording, recognition, and disclosure of biological assets on coffee plants in PT Dewi Sri. The result of this research showed that PT Dewi Sri did disclosures, recognition, and measurement in accordance with the concept of PSAK 69. However, there were differences from the measurement of biological assets on coffee plants with the concept of PSAK 69 which used market value in measuring fair value. PT Dewi Sri measured the biological assets of coffee plants based on historical cost with the recognition concept of biological assets based on PSAK 69. Therefore, PT Dewi Sri was considered effective in recognizing, measuring, and disclosing its biological assets.