Disclosure Quality of Biological Assets in Agricultural Cooperatives

Custos e Agronegocio On Line, v. 15, p. 116-139, 2019

24 Pages Posted: 6 Feb 2020

See all articles by Leonardo Flach

Leonardo Flach

Universidade Federal de Santa Catarina (UFSC)

Luisa Karam de Mattos

Federal University of Santa Catarina

Date Written: June 5, 2019

Abstract

This research aims to analyse the disclosure quality of biological assets in brazilian agricultural cooperatives. We applied the multivariate statistical analysis, with cluster analysis. And we also analyzed the adherence to the brazilian law about the CPC 29 (Biological Assets and Agricultural Products) in the financial statements and explanatory notes with an amount of the biggest agricultural cooperatives in Brazil. The qualitative stage involved the analysis of the financial statements of cooperative companies listed among the best ones. After the identification of the adherence to the CPC 29, we applied the statistical method of clusters analysis. The results show que these cooperatives still adopt the fair value based on historical cost, without presenting justifications or explanations for the non-adoption of fair value based on market value. The date Manda que the fair value of the method of valuation of biological assets is not consolidated in the cooperatives. Data also show that despite CPC-29 exists since 2009, it is not being fully applied in agricultural cooperatives.

Keywords: Disclosure, Cooperatives, Biological assets, Agribusiness

JEL Classification: Q1, Q13

Suggested Citation

Flach, Leonardo and Mattos, Luisa Karam de, Disclosure Quality of Biological Assets in Agricultural Cooperatives (June 5, 2019). Custos e Agronegocio On Line, v. 15, p. 116-139, 2019, Available at SSRN: https://ssrn.com/abstract=3518140

Leonardo Flach (Contact Author)

Universidade Federal de Santa Catarina (UFSC) ( email )

Campus Reitor João David Ferreira Lima
Bairro Trindade
Florianopolis, Santa Catarina 88040
Brazil

HOME PAGE: http://leonardoflach.paginas.ufsc.br/

Luisa Karam de Mattos

Federal University of Santa Catarina

Brazil

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