ECOTOURISM, AGRICULTURAL PRODUCTS, AND BIOLOGICAL ASSETS IN ACCOUNTING

Abstract

Ecotourism will make life in destinations more sustainable. Residents only need to focus on their profession, add value to the products or services offered, and provide excellent service. One of the ecotourism products is encouraging agricultural activities. The production of agricultural-based goods is one example of a potential commodity. Agricultural ecotourism is growing in Bali, many agricultural products can be used as reliable commodities in Bali. For entities engaged in plantations or animal husbandry, specific types of assets will appear in a series of asset classifications that are reported. Specific assets that become the differentiator are biological assets. Biological assets are entity assets in the form of animals and or plants. Until now, all agricultural entities in Indonesia, both private and government, are required to adopt PSAK 69. The board of financial accounting standards for the Indonesian accountants association inaugurated the draft PSAK 69 on agriculture at the end of 2016 which is ready to be adopted by all agricultural entities in Indonesia, both be it a government entity or a private entity.

Keywords

• ecotourism
• agricultural products
• biological assets
• psak 69
• sustainable destinations