Accounting for impairment, estimated liabilities and valuation of growing and fattening animals

In the context of digitalization of the agricultural economy, issues of automation of accounting of animals for growing and fattening in the digital accounting of agricultural organizations are becoming relevant. In addition, these organizations must keep records of animals for growing and fattening according to the requirements of new regulatory documents. In this regard, the article defines the tasks of accounting for animals for growing and fattening, provides the procedure for assessing the offspring and gain of animals, as well as animals acquired from outside by purchase, gratuitous receipt, receipt on account of a contribution to a mutual fund, received under contracts providing for the fulfillment of obligations (payment) by non-cash funds. The article proposes valuation of animals for growing and fattening at fair value, taking into account their qualitative characteristics. The methodology for accounting for animals for growing and fattening in accounts at fair value is given. Recommendations have been developed for valuation of animals for growing and fattening after their recognition in accounting, as well as accounting for the impairment of animals for growing and fattening and the creation of an estimated liability for them. The digitalization of operations for the movement of animals during rearing and fattening with full automation of their accounting is proposed