Ewidencja aktywów biologicznych w gospodarstwach rolnych – białoruskie krajowe normy a MSSF
The accounting of biological assets at agricultural enterprises: Belarusian local standards and IFRS

Summary/Abstract: Accounting reform in the Republic of Belarus is carried out towards the transition of national accounting standards to the International Financial Reporting Standards (IFRS) or at least to make Belarusian rules as close as possible to IFRS. Over the past years, there have been the major changes, the base of which was the state program of transition to international accounting standards in the Republic of Belarus, which was adopted by the Council of Ministers of the Republic of Belarus in 1998. The article discusses current issues of agricultural products accounting in accordance with International Financial Reporting Standards and with Belarusian regulations. The most important question is the feasibility of determining the fair value of biological assets. The second problem isa comparison of the Belarusian rules and IFRS in accounting of that special group of assets.

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