Valuation system under IFRS of biological assets in the dairy sector as an accounting strategy for competitiveness

Abstract

This paper is the product of the research "Carchi - Guáitara Basin Competitiveness Pole", developed at Cesmag University, of which a book was published in 2020 and which is currently in its second stage with the project entitled Application of the model of the Competitiveness Pole as a Commercial and Financial Management tool to attract investment in regional, national and binational destinations: Colombia - Ecuador. The central objective is to design a valuation system under IFRS of the biological assets of the dairy sector as an accounting strategy for competitiveness. The methodology used that was used was through the positivist paradigm, since facts are explained from the cause and effect relationship, all this in order to propose a design that improves the way of valuing the biological assets of the dairy sector. As results it was possible to have a diagnosis of the valuation of biological assets for the dairy sector and comparative analysis in figures at fair value and current valuation method. It concludes with the elaboration of a valuation system under IFRS of biological assets of the dairy sector as an accounting strategy for competitiveness, having as an originality that it supports and strengthens the work developed in the radiometry laboratory to be a place of support for IDEAM in its data collection.