Development of Accounting Model for Chicken Farming Business According to Financial Accounting Standard
The purpose of this research is to develop accounting guidelines for chicken farming which is in accordance with financial accounting standards. This research is a case study on the chicken farming business. The research model used is a research and development model. This type of research is descriptive research with the qualitative approach. The steps of research are: 1) to identify transactions to know the type and characteristics of transactions in chicken farming businesses; 2) to develop accounting guidelines which are in accordance with financial accounting standards for the chicken farming business. Accounting treatment includes recognition, measurement, presentation and accounting disclosure. The results of the research are: 1) the types and characteristics of transactions in chicken farming businesses is relatively similar to non-agricultural businesses in general. The difference in the accounting treatment associated with biological assets and biological products; 2) this research produces an accounting treatment model for chicken farming which is in accordance with financial accounting standards. It can be used as a reference in implementation of accounting treatment on the chicken farming business.