Fair value is hard to use because active market isn’t always available in Indonesia and makes over risks of subjectivity for the treatment of palm oil plantation. The implementation of fair value model IAS 41 causes volatility of income and resulting in misleading on taxation-related decisions. Results from this study can be summarized as follows: there are significant differences on biological assets accounting treatments between PSAK 16 and IAS 41 and the impact towards income statement and statement of financial position. Tentang Pendidikan Profesional Berkelanjutan Pendidikan Profesional Berkelanjutan (PPL) adalah kegiatan belajar terus menerus (continuous learning) yang harus ditempuh oleh akuntan profesional agar senantiasa dapat memelihara, meningkatkan dan mengembangkan kompetensi profesionalnya. In conducting this research, the authors analysed based on the relevant literature and annual report obtained from the research.
PT SMART measures its biological assets held by the Historical Cost PSAK 16. Golden Agri Resources Ltd (PT GAR) in Singapore in which IAS 41 has been fully adopted. The research was conducted at PT Sinarmas Agro Resources and Technology Tbk (PT SMART) as the subsidiary of PT. This research aims to analyse whether the comparison between the measurement in accordance with International Accounting Standards 41 Agriculture (IAS 41) with basis of market price and Indonesian Accounting Standard 16 Fixed Assets (PSAK 16) which allows selection of cost model or market price (revaluation) model on the measurement of oil plantation.
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