Digest Finance
 

Biological and land assets in agriculture: Development issues of accounting and measurement

Vol. 24, Iss. 3, SEPTEMBER 2019

PDF  Article PDF Version

Received: 25 July 2019

Received in revised form: 25 July 2019

Accepted: 25 July 2019

Available online: 30 September 2019

Subject Heading: FINANCE OF ORGANIZATIONS. ANALYSIS OF ACCOUNTING SYSTEMS

JEL Classification: М41

Pages: 320–328

https://doi.org/10.24891/df.24.3.320

Alborov R.A. Izhevsk State Agricultural Academy (Izhevsk SAA), Izhevsk, Udmurt Republic, Russian Federation
udtipb@yandex.ru

ORCID id: not available

Kontsevaya S.M. Izhevsk State Agricultural Academy (Izhevsk SAA), Izhevsk, Udmurt Republic, Russian Federation
kafedra.byfa@yandex.ru

ORCID id: not available

Kozmenkova S.V. National Research Lobachevsky State University of Nizhny Novgorod (UNN), Nizhny Novgorod, Russian Federation
skozmenkova@yandex.ru

ORCID id: not available

Subject This article discusses the development of accounting and evaluation of biological and land assets in agriculture.
Objectives The article aims to justify the conceptual provisions of accounting and evaluation of biological and land assets in agriculture and develop recommendations for their proper accounting.
Methods For the study, we used the methods of analysis, comparison, classification, and the analog approach.
Results The article defines the conceptual provisions of the development of biological and land assets accounting and provides certain practical recommendations for the methodology and organization of this accounting. The article also offers methods of their evaluation as a basis for calculating fair value.
Conclusions and Relevance Biological and land assets in agriculture are special means of production taking into account their essence, content, specific natural and material form, and the way of use in agricultural activities. The specifics of these assets cause many problems of their accounting on the basis of the draft Federal standards Property, Plant and Equipment and Inventories. The results of the study can be used in the theory and practice of financial accounting.

Keywords: land assets, biological assets, accounting, valuation, agriculture

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