JUSTIFICATION OF THE BASIC THEORETICAL DEFINITIONS OF THE ACCOUNTING OF BIOLOGICAL ASSETS OF ORGANIC PRODUCTION

It was determined that there is currently no systematic accounting of objects of organic production, particularly biological assets, in Ukrainian and in international accounting practice. The conducted research revealed the inconsistency of the terms and categories related to the accounting of biological assets of organic production of the natural and economic essence of this type of property and discrepancies and ambiguity in the interpretation of terminology in regulatory legal acts. The peculiarities of agricultural lands as the main component of the agroecosystem are considered; as property that does not have a period of use and which, unlike other fixed assets, does not wear out; as a specific asset in which biological processes and transformations occur, on which its fertility depends; as parts of natural capital capable of biological assimilation. The expediency of classifying agricultural lands as biological assets is substantiated, which will make it possible to develop the methodology for evaluating this type of property and other biological assets, taking into account their positive impact on the agroecosystem and the natural environment as a whole. The need to standardize the accounting of organic production and the formation and approval of a separate accounting standard "Organic production" has been established, where, in particular, the definition of the main terms, the procedure for recognizing biological assets of organic production, and the development of a methodology for their assessment and accounting should be formed. A proper definition of biological assets of organic production is proposed as a set of biological elements of the agroecosystem (land, plants, animals), which are controlled by the operator of organic production and in the process of biological transformations are capable of producing finished agricultural products and/or additional biological assets that meet the principles and requirements of organic production. Criteria for recognition of biological assets of organic production have been determined, including: implementation of control over them by the operator of organic production; biological transformations taking place with them meet the requirements of the legislation in the field of organic production; management of biological transformations by the economic entity; the probability of receiving economic and other benefits associated with their use in the future; the possibility of their reliable assessment.