Article of the deputy minister of an agrarian policy of ARK is devoted to methodological bases of the accounting of agricultural activity according to the requirement to the national provision (standard) of accounting No. 30 Biological assets, entered since January 1, 2007.
TELEPHONE MESSAGE
Integration of economy of Ukraine into the WTO and aspiration of expansion of the influence on the international scene demands an adaptirovaniye of its accounting and the reporting to the international standards and principles.
Since January 1, 2007 the account and the reporting on agricultural activity should it is carried out according to the requirement to the national provision (standard) of accounting No. 30 Biological assets which MSBU No. 41 "Agricultural industries" corresponds. New approaches in the accounting of agricultural activity change, since Ikvartala of 2007 financial and statistical statements. New provisions provide an assessment in the accounting of biological assets of agricultural production at fair (market) value. Book of accounts, primary documentation and other elements of accounting policies of the enterprise changes.
All this demands operative and high-quality retraining of practising accountants.
The ministry of an agrarian policy of the Autonomous Republic Crimea for adaptation P (C) BU 30 Biological assets in realities of maintaining domestic agricultural industry and improvement of accounting and financial statements, since this number will carry out the publication of articles concerning to introduction P (C) BU 30 and the main changes which are brought by a standard on the organization of the accounting of agricultural activity.
Contents of published articles in the subsequent issues of the newspaper:
1. Methodological bases of the accounting of agricultural activity.
2. Organization of an assessment of biological assets.
3. Accounting of biological assets and agricultural production.
4. Definition and accounting of financial result of agricultural activity.
5. Display of information on biological assets in the financial account.
1. Methodological bases of the accounting of agricultural activity
Biological assets – animals or plants, which in the course of biological changes are capable to give agricultural production or additional biological assets and as to bring economic benefits. By biological assets animals or plants can be defined, on the contents or which cultivation economic activity of the enterprise, thus the unessentially agricultural is directed.
That is process of high-quality and quantitative changes of biological assets is supervised and copes the enterprise, It is the key moment for definition of biological assets.
Biological assets admit assets, if:
– to the enterprise passed risks and the benefits connected with an ownership right on biological assets;
– the enterprise exercises administration of biological assets or process of their biological transformations and control of their use;
– there is a confidence that the enterprise will receive the economic benefits connected with their use in agricultural activity in the future;
– the enterprise will receive the economic benefits connected with activity other, than agricultural in the future;
– cost of biological assets can be authentically defined.
Belonging of animals or plants to biological assets can’t be considered as classification value as is conditional.
The first classification value in which biological assets in accounting are grouped is the type of economic activity with which their use is connected.
Respectively they are subdivided on:
– agricultural biological assets;
– other biological assets, untied with agricultural activity.
The second classification value in which biological assets are grouped, the period of participation of biological assets in economic circulation of the enterprise is.
Respectively they are subdivided on:
– current biological assets;
– long-term biological assets;
– unripe long-term biological assets.
The third classification value, the technique of an assessment of biological assets is. A base approach to an assessment of biological assets is use of fair value on which all biological assets for date of balance estimate proceeding from the prices which developed in the active market for this period.
In compliance to alternative option, biological assets if authentically it is not possibly to define their fair value, estimate at their primary cost (if it is long-term biological assets) or prime cost (if it is the current biological assets).
For the organization of synthetic accounting defining classification factor is the period of participation of biological assets in economic circulation of the enterprise. Two synthetic accounts, No. 16 Long-term biological assets and No. 21 Current biological assets are respectively allocated. Besides, the current biological assets, which fair value for balance date authentically to define it is impossible are reflected in the account No. 23 "Production", as a part of a work in progress.
Continuation in the following number.
A.Balabas, deputy minister of an agrarian policy of AR Crimea.