Abstract:
In dairy farming, measurement, at historical cost, it is the registration of all costs incurred in the period, such as spending on inputs, management, salaries, or can be called operating expenses. It turns out that there are shortcomings with regard to this measure. So did the accounting measurement at fair value (fair value), suggested by regulators around the world because it enables according to authors, credibility of the information.
Key words:
Biological assets; Cost history; Fair value.