Abstract
Abstract Given the complexity of measuring the fair value of agricultural biological assets, which generally do not have an active market and are dependent on climatic, environmental and biological factors, there is a need for an interdisciplinary view that considers inputs other than economic and accounting. In this sense, the present theoretical essay aims to propose an interdisciplinary methodology to measure the fair value of agricultural biological assets considering also the agronomic factors. As a method, a bibliographic research of an exploratory-descriptive nature was adopted. To support the interdisciplinary methodological proposal, a theoretical framework was developed using the disciplinary lenses of accounting, economics and agronomy, with a focus on agrometeorological modeling. In addition to the methodological proposition, an application was made in the sugarcane sector to demonstrate the behavior and range of the variables. The main contribution of this study is the proposition of an innovative measurement methodology, which considers the agronomic aspects in accounting measurement, which can result in an improvement in the quality of the information, mainly as regards reliability. JEL Code: O32, Q16, C18.
Highlights
Given the complexity of measuring the fair value of agricultural biological assets, which generally do not have an active market and are dependent on climatic, environmental and biological factors, there is a need for an interdisciplinary view that considers inputs other than economic and accounting
Using the new lenses mentioned by Fogarty (2014), this essay proposes to analyze the mandatory context of the measurement of the fair value of biological assets in an interdisciplinary perspective, trying to deal holistically with the complex interrelations that characterize the accounting process and its environment (Stember, 1991), focusing on proposing a measurement methodology that can contribute to society, as warned by Hopwood (2008)
When there is no active market, that is, the measurement Poon is performed at level two or three of the fair value hierarchy, the accounting professional is required to have a certain degree of judgment, which may impact on the reliability and relevance of the information generated (Poon, 2004; Yang et al, 2005), in addition to provide managers with more opportunities to manage results
Summary
Interdisciplinarity is generally understood as the appropriate combination of knowledge from various disciplines (Brewer, 1999) or it can be broadly represented as the integration of knowledge from different disciplinary points of view, in order to unfold insights inaccessible to both emerging issues and problems previously addressed (Stember, 1991). According to Roslender and Dillard (2003), in accounting, interdisciplinarity represents the other, that is, all other disciplines outside the economy: history, philosophy, political science, social psychology, sociology, organizational behavior, etc. Based on multiple perspectives outside the accounting discipline, it is possible to expand and deepen the skills of accounting researchers (Hansson, 1999), who consider accounting as an active and reflective driver of change (Roslender & Dillard, 2003). Using the new lenses mentioned by Fogarty (2014), this essay proposes to analyze the mandatory context of the measurement of the fair value of biological assets in an interdisciplinary perspective, trying to deal holistically with the complex interrelations that characterize the accounting process and its environment (Stember, 1991), focusing on proposing a measurement methodology that can contribute to society, as warned by Hopwood (2008)
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