DEFINITION OF THE OBJECT OF ACCOUNTING OF LEASING OF BIOLOGICAL ASSETS (BIOLEASING) IN THE CONDITIONS OF INTRODUCTION OF IAS 17 LEASES (LEASES)

Taking into account the signs of biospecifics of an object of financial accounting of leasing of biological assets, the new type of agroleasing in the conditions of import substitution, bioleasing, is proved in article. According to authors, bioleasing (leasing of biological assets (bioassets) is the special type of agrarian leasing (agroleasing) based on the contractual financial and property relations directed to implementation of investment transaction in the agrarian sphere of the economy based on the credit and consisting of purchasing with the subsequent transfer to leasing of the biological assets being developed on the basis of biotransformational processes capable to give agricultural products and/or additional biological assets and being the property of the lessor during the entire terms of the agreement of bioleasing. The authors reveal the features of transformation of accounting operations of bioleasing to IFRS (International financial reporting standards) and identify the problems of its accounting development.

import substitution, investment operation, management of agroproduction, modernization of animal husbandry, agricultural leasing, biological assets, biotransformation process, leasing of biological assets, bioleasing, lessee, lessor, accounts receivable.

Balashova N. N., Tokareva E. V. Definition of the object of accounting of leasing of biological assets (bioleasing) in the conditions of introduction of IAS 17 Leases (Leases) // Business. Education. Law. Bulletin of Volgograd Business Institute. 2017. No. 1 (38). P. 187–192.