Organization of Biological Assets Accounting Based on International Standards and Comparison with National Practice

This article examines the organization of biological assets accounting based on international accounting standards and compares it with national accounting practice. The study analyzes the accounting principles of biological assets under IAS 41 Agriculture, including recognition, measurement, fair value assessment, and disclosure requirements. Furthermore, the research highlights the advantages and challenges of implementing international standards in agricultural enterprises. The findings indicate that harmonization with international financial reporting standards improves transparency, investment attractiveness, and the efficiency of accounting systems in the agricultural sector.