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Research on the Dilemmas and Countermeasures of Accounting Treatment of Agricultural Land Assets by Village Collective Economic Organizations: Analysis Based on "Separation of Three Rights" Reform

Author(s)

Zhaogang Fu1,2, Haoyuan Li1,*, Shanshan Hu1,2, Yuwan He1

Affiliation(s)

1Business School, Lingnan Normal University, Zhanjiang, Guangdong, China 2Rural Revitalization Research Institute, Lingnan Normal University, Zhanjiang, Guangdong, China *Corresponding Author

Abstract

Against the backdrop of the rural "Separation of Three Rights" reform, this study examines the theoretical and practical challenges faced by village collective economic organizations in accounting for agricultural land assets. It systematically addresses critical issues pertaining to asset recognition, measurement, recording, and reporting. The current Accounting System for Village Collective Economic Organizations proves inadequate in capturing the increasingly complex ownership structures of agricultural land, resulting in difficulties in asset recognition, valuation obstacles, and insufficient information disclosure. These limitations significantly hinder the capitalization process of collective assets. By integrating property rights theory, principal–agent theory, and asset measurement theory, this paper proposes a multi-level theoretical framework encompassing standards improvement, enhanced internal controls, and external environmental coordination. Specific recommendations include introducing new accounting items, establishing a tiered measurement model, and improving disclosure mechanisms. These measures aim to enhance the truthful reflection of agricultural land asset values, strengthen the financial management capabilities of village collectives, and provide accounting support for the implementation of the rural revitalization strategy.

Keywords

Accounting Treatment; Agricultural Land Assets; Valuation Dilemma; Separation of Three Rights

References

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