Management aspects of accounting for biological assets and agricultural products

Abstract

Agricultural activity is a strategic direction of the work of agricultural organizations, ensuring food independence and security of the country. In this regard, in modern conditions there is an objective need to improve the management of biotransformation of biological assets and its accounting and control functions. The work defines the objects of management and accounting of agricultural activity: biological assets; agricultural products; income, expenses and financial results from biotransformation of biological assets; government grant related to a biological asset measured at fair value less costs to sell. Recommendations are proposed on the determination and analysis of changes in the fair value of biological assets less costs to sell due to changes in unit prices and the amount of these assets. In addition, methodological aspects of monitoring the effectiveness of the use of biological assets and the production of agricultural products collected from them are identified. Each of these indicators provides indicative indicators, methods of calculation and comparison with similar indicators of the base period or planning. The following are methods for determining individual indicators from the proposed system that allow organization managers at all levels of internal management to make scientifically sound economic decisions to improve the efficiency of the processes of biological transformation of biological assets and agricultural production in agricultural organizations.