ICAS Proceedings

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Category: ICAS 2014 Proceedings
Author: Ari Kamayanti, Rendra Kurniawan, Aji Dedi Mulawarman
Year: 2014
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This paper is an in-depth review of IAS 41 from two dimensions, technical-theoretical dimension and meaning dimension simultaneously. The study aimed to anticipate the hazardous potentialities in valuation caused by monetary logo-centrism in accounting. The concepts offered are based on the condition of the existing culture in Indonesian society that was abstracted through ethnomethodology. These concepts represent Indonesian farmers’ viewpoints and ways of life in that are also closely related with agriculture utilities cycle. This paper suggests that agriculture accounting can be carried out even if it does not use monetary unit as its valuation approach.

Keywords: Accounting; agriculture; farmer; biological asset; ethnomethodology

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