FIXED BIOLOGICAL ASSETS -- SPECIFICS OF THEIR REPORTING AND RELATED PROBLEMS.

The focus of this paper is on the specific features of fixed biological assets in terms of their measurement, reporting, tax treatment and disclosure. The objective of the article is to analyse the rules for and approaches to accounting of fixed biological assets in compliance with AS 41 Agriculture and IAS 41 Agriculture and hence to outline solutions for creating and disclosing accounting information of improved quality. [ABSTRACT FROM AUTHOR]