Accounting and information support for biological asset management

<jats:p>The practical manual reveals the theoretical foundations of the procedure for accounting for biological assets, the results of agricultural activity and their reflection in reporting. The key aspects of accounting for transactions on receipt, change in value and disposal of current and long-term biological assets are characterised. The features of accounting for the costs of biological transformations and the output of agricultural products are considered. The procedure for reflecting biological assets in the simplified accounting of agricultural enterprises is determined. The procedure for determining and accounting for financial results from the initial recognition, sale and change in the fair value of biological assets and agricultural products is disclosed. The key features of reflecting information about biological assets in financial, integrated and statistical reporting are established. The features of displaying information about agricultural activities as a component of XBRL taxonomy are considered.</jats:p>