Organization of primary, analytical and synthetic accounting of biological assets and agricultural products

Abstract

The article substantiates the provisions of appraisal, primary, analytical and synthetic accounting of biological assets and agricultural products at fair value less costs of sale. The methodology is recommended for determining the fair value less costs of selling biological assets and the commercial and non-commercial agricultural products collected (received) from biological assets. Forms of primary documents, accounting registers and, accordingly, recommendations for the organization of primary, analytical, synthetic accounting and analysis of biological assets assessed at fair value less costs of sale and results from their biotransformation (agricultural products, income, expenses and financial results) have been developed. A method is proposed for determining the aggregate financial results (aggregate income, aggregate expenses and aggregate profit) from the biotransformation of biological assets. The methodology for assessing changes in the fair value of biological assets as of the end of the next reporting period is recommended.