Abstract
The study of the assessment and reflection of biological assets in the economic processes of agricultural enterprises can be represented as a chain of phenomena in which scientists and practitioners try to study and understand the nature and essence of biological assets in various aspects. This article discusses the principles of accounting for biological assets in the agricultural enterprises’ economic life of the Republic of Tajikistan and identifies the reasons and mechanisms for their reflection based on the principles of the International Financial Reporting System (IFRS) in refraction to the specifics and national features of accounting. The author gives his own interpretation of these approaches and constructs the architecture of the information module for accounting for biological assets and the results of biotransformation, based on the web services architecture (WSA) within the framework of the development trend of these and new accounting models in connection with the transition of the world economy to a digital format. The article provides specific authors’ approaches to implementing this architecture in PHP (Hypertext Preprocessor) and also implements one of the approaches to assessing the value of biological assets, based on the theory of fuzzy sets, taking into account the risk of investment inefficiency.
Highlights
To implement the effective activities of organizations in the context of the transition to the digital economy, information systems and modern digital technologies are used, since, with their help, data on business processes are accumulated and processed to obtain optimal management decisions
Many studies around the world focus on the issues of assessing the fair value of biological assets, and special attention has been paid to these issues in countries in which the economy is based on agriculture and related industries [1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25]
In accordance with the International Financial Reporting System (IFRS), a biological asset or agricultural products must be recognized in the financial statements of an enterprise in case: Firstly, the entity controls the asset as a result of past events; Secondly, these assets are likely to bring economic benefits in the future; Thirdly, assets are preferably measured at fair value
Summary
To implement the effective activities of organizations in the context of the transition to the digital economy, information systems and modern digital technologies are used, since, with their help, data on business processes are accumulated and processed to obtain optimal management decisions. Fischer (2013), Feleagă and Răileanu (2012), etc. The purpose of the article is to develop principles of accounting for biological assets in financial reporting and the architecture description of the digital module of the information system, which allows to accumulate data and make management decisions through their processing, and to implement an assessment method based on fuzzy cognitive maps (using the example of agricultural enterprises of the Republic of Tajikistan). In addition to using IAS 41 “Agriculture”, other IFRSs are a which regulate the accounting and reflection of assets and liabilities in financ ments, which suchstorage, standards as IASetc Stateme activities, such asinclude supply, sale, processing, To fulfill its statutory goals, an agricultural enterprise its jurisdiction Policies, has property, equipment, and other assets and. Disclosure of Government Assistance; IAS 3b Impairment of Assets; IAS 37 “Provisions, stan predetermines theContingent need to clarify theIAS conceptual apparatus represented by Liabilities, and
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