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Accounting for Zoo Animals: It Is a Jungle Out There

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  • Malcolm Abbott
  • Angela Tan‐Kantor

Abstract

The purpose of this study is to review how the asset measurement of zoo animals is undertaken. Zoo animals are a zoo's greatest asset, and from its stewardship perspective, its balance sheet should reflect the value of the animals. The asset measurement of zoo animals underpins the ability of zoos to account for the animals they hold via their annual financial reporting. At present, there is no definitive, internationally recognised accounting framework and guidance on asset measurement techniques for zoo animals. The research question of this paper is, therefore: (i) to provide a review of current reporting requirements for zoo animals; (ii) to investigate the types and extent of asset measurement and financial reporting of zoo animals; and (iii) to determine what the commonly used alternatives are. A descriptive survey of existing financial reporting practices is applied to this research to explore the asset measurement techniques of zoo animals by examining published annual reports.

Suggested Citation

  • Malcolm Abbott & Angela Tan‐Kantor, 2022. "Accounting for Zoo Animals: It Is a Jungle Out There," Australian Accounting Review, CPA Australia, vol. 32(1), pages 91-105, March.
    • Handle: RePEc:bla:ausact:v:32:y:2022:i:1:p:91-105
    DOI: 10.1111/auar.12362
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    References listed on IDEAS

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    1. Hines, Ruth D., 1991. "The FASB's conceptual framework, financial accounting and the maintenance of the social world," Accounting, Organizations and Society, Elsevier, vol. 16(4), pages 313-331.
    2. Hines, Ruth D., 1988. "Financial accounting: In communicating reality, we construct reality," Accounting, Organizations and Society, Elsevier, vol. 13(3), pages 251-261, April.
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    Cited by:

    1. Yaowen Shan & Sue Wright, 2022. "Editorial," Australian Accounting Review, CPA Australia, vol. 32(1), pages 3-4, March.

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