Accounting of decline of usefulness of long-term biological assets of horticulture

Abstract

Introduction. Losses from decline of usefulness of gardening long-term biological assets can be predetermined by climatic conditions, time-dependent biological processes, absence of product quality management system management system and monitoring its indicators, scientific research and developments in the industry, and other economic factors. At the same time it should be noticed that the need for calculation of losses of usefulness reduction are caused by prudence principle which is applied in preparing the financial statements; requirements of Accounting Standards, which should be included while  determining the residual value of horticulture  long-term biological assets; ability to plan annual list and amount of losses which are necessary torestore the usefulness and timely replenishment of perennial plants.

Purpose. The article aims to study the condition and improve the organization and methods of accounting losses from the usefulness reduction of horticulture  long-term biological assets.

Methodology. The methodological basis of the study is general scientific and special methods of cognition. The methods of causation and abstract logic are used to determine the factors that cause the usefulness reduction of horticulture  long-term biological assets. Methods of synthesis, comparison, analysis and synthesis techniques are used in the development of technique of usefulness reduction calculation and sub analytical accounting.

Results. Themethodology for assessing the losses is reviewed and improved.  The technique of losses calculation  is developed. In particular, it has been disclosed and justified the order of value refund adjustments on the price index for industrial goods and tariffs for services consumed in agriculture, the cost of dead trees (bushes) and the ratio of the actual state of perennial fruit trees. It has been proposed the subaccount of analytical record of losses. It has been  indicated the need for changes in accounting policy of self-supporting enterprises and budget institutions.