Features of accounting valuation of biological assets of agrobusiness entities

Abstract

The article examines the theoretical, methodological and practical aspects of valuation of biological assets in accordance with Ukrainian accounting regulation (standard) 30 «Biological Assets» and IAS 41 «Agriculture». The classification features of biological assets in the system of functioning of agribusiness entities are presented. The procedure for valuation of biological assets in accordance with national and international accounting regulations is presented, and the main problems, in particular, in terms of determining the fair value of biological assets, are outlined. The specifics of determining the fair value of certain groups of biological assets are highlighted. Proposals are made in order to improve the procedure for assessing and determining the fair value of biological assets. The priority of practical implementation of fair value measurement in the context of meeting the information needs of potential investors in the agricultural sector is substantiated. CZU: [657.421.3:631.147](477); JEL: Q18; M42; DOI: https://doi.org/10.53486/isca2024.09