Author : Ezuwore C. N Obodoekwe, Ojiakor IjeomaPh.D,Alio Felix Chukwubuzo Ph.D

The research examines the effect of fair value accounting on biological assets in Nigeria. Data were employed from Okomu Nigeria Plc annual report and analyzed using Simple Percentages and Multiple Regression. Hypotheses were tested at 0.05 level of significance. The study finds that market value of building has significant effect on the biological assets of Nigerian Agricultural sector. The study also finds that market value of machine and equipment influences biological assets of Nigerian agricultural companies. Lastly, the study finds that current market price of motor vehicle and tractor has significant effect on biological assets of Nigerian agricultural firms. The study recommends that there is need for agricultural firms to adopt the fair value accounting system in other to keep proper records of its biological assets
Affiliation : Faculty of Business Administration, Department of Accountancy, University of Nigeria, Enugu Campus. Faculty of Business Administration, Department of Banking and Finance, University of Nigeria, Enugu Campus.
Keywords : Biological assets, Effect, Fair value accounting, fair values, Market price
Date : Sunday ,30 ,September ,2018

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