Approach to the IAS 41. Impact in the Presentation in the Profit and Loss Statement

Abstract

In this article are approached the main problems of the  agricultural accounting such as the moment and  requirements of recognition of the biological assets and their changes, determination of the activable cost, the selection of the accounting procedures and determination of the increases or decreases of the activable cost, as well as the presentation of the assets and their changes in the accounting statements. The objective is centered in proposing a procedure for the opportune registration of the biological assets and the exhibition of the countable information emitted in the agricultural sector in Cuba. Its fundamental contribution is based on offering the whole theoretical and practical foundation taking into account the importance of measuring, in the financial statements, the current value of the future profits that these goods will generate at the end of the accounting period.