Abstract

ONA-AMBATO, Marilyn Katherine; URRUTIA-GUEVARA, Jeannette Amparito  and  LACH-TENECOTA, Wadimir. Accounting treatment of biological assets for flower-growing companies in the province of Cotopaxi. Noesis [online]. 2025, vol.7, n.esp1, pp.755-770.  Epub Nov 30, 2025. ISSN 2739-0365.  https://doi.org/10.35381/noesisin.v7i1.444.

Agricultural activity is crucial for Ecuador's economy, especially in Cotopaxi, where there are numerous farms dedicated to this production. Agricultural companies seek to optimize their processes and improve their competitiveness in demanding markets. The implementation of International Accounting Standard 41 has facilitated advancements in the valuation of biological assets, establishing criteria for measuring them at initial recognition and during harvest, based on their fair value fewer selling costs. This study aims to analyze how flower companies account for their biological assets, using a qualitative-quantitative approach and surveys of managers and employees. The results show that most companies apply the International Accounting Standard (IAS 41) and use fair value to assess their production, which helps them make more relevant and timely decisions in their accounting management.

Keywords : Biological assets; floriculture; IAS 41; fair value..

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