The influence of the FSBU on the accounting of fixed assets of economic entities submitted to the ministry of agriculture of the Russian Federation

Abstract

Organizations of the agro-industrial sector in modern economic conditions are forced to carry out their activities in a regime of fierce competition, disparity in prices for agricultural products. At the same time, the reform of the accounting of fixed assets is taking place both in budgetary institutions and in commercial organizations. At the moment, it is regulated by two documents: FSBU 6/2020 “Fixed Assets” — for organizations maintaining commercial accounting and the SGS “Impairment of Assets”, introduced by Order of the Ministry of Finance of Russia dated December 31, 2016 No. 259n, at the moment of budget accounting.