USE OF FOREIGN EXPERIENCE IN ORGANIZING THE ACCOUNTING AND AUDITING OF BIOLOGICAL ASSETS
DOI:
https://doi.org/10.5281/zenodo.21295324Keywords:
biological assets, foreign experience, fair value, historical cost, full-cost accounting, comparative analysis, IAS 41.Abstract
This paper provides a comparative analysis of the experience of developed countries in
accounting for and auditing biological assets. It examines general approaches based on IAS 41 “Agriculture,”
the choice between fair value and historical cost, Canada’s full-cost accounting approach, and practices in
the United Kingdom, the United States, Singapore, Russia, Spain, China, the Czech Republic, Portugal, and
Poland. The possibilities of applying foreign experience to the practices of agricultural enterprises in Uzbekistan
are also substantiated.
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