Biological assets: accounting biotransformation and harvest
In continuation to the article published in the newspaper «All About Accounting» (No. 59, 29.06.2017), in which the object of accounting in agriculture was clarified, the requirements for the valuation and recognition of biological assets in accordance with IAS 41 «Agriculture», read an article by Sergiy Rogozniy, Deputy General Director on Audit issues of HLB Ukraine, and Olga Karpacheva, financial analyst, certified accountant – «Biological assets: Accounting without errors». This article describes in detail how to take biological assets into account, in particular, what their classification and revaluation features depend on.
The article is available in Russian and Ukrainian.
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