A Study on the Fair Value Accounting based on the Actual State of IAS41 "Agriculture" Adopting Companies

2020 Fiscal Year Final Research Report

• Project/Area Number: 17K04077
• Research Category: Grant-in-Aid for Scientific Research (C)
• Allocation Type: Multi-year Fund
• Section: 一般
• Research Field: Accounting
• Research Institution: Kanagawa University
• Principal Investigator: RYUSUKE TODA 神奈川大学, 経済学部, 教授 (00271586)
• Project Period (FY): 2017-04-01 – 2021-03-31
• Keywords: 公正価値 / 国際会計基準 / 農業会計 / 生物資産 / 公正価値測定

Outline of Final Research Achievements

In this study, we clarified how the world's agricultural companies that apply International Accounting Standard No. 41 "Agriculture" actually apply the standard. At that time, we focused on the fair value measurement, which is a feature of the standard, and extracted the problems inherent in it.
As a result of the survey, it became clear that the world's agricultural companies that apply the standard recorded a large amount of biological assets, etc. based on fair value measurement on their balance sheets. It was also clarified that those fair value fluctuations were also recorded in the income statement as a large amount of profit components. Furthermore, it became clear that fair value measurement has a problem that it relies heavily on the judgment of experts within the group and the plans and goals of the management itself.

Free Research Field

会計学

Academic Significance and Societal Importance of the Research Achievements

本研究の学術的意義は、これまで日本ではほとんど知られていなかった、国際会計基準第41号「農業」を適用する世界の農企業が、当該基準の中核である公正価値測定をどのように行っているのかという実態を明らかにしたことである。そこでは、特に公正価値測定差額について、これを企業利益の構成項目として財務諸表に計上している実態が明らかになった。さらに、公正価値測定が、グループ内部の専門家または経営者自身によって、あるいは経営者の策定する計画や目的に大きく依拠して行われていたことを明らかにしたことも、本研究の大きな学術的意義だと考えられる。