Accounting Support of Biological Capital Use

The Article is devoted to developing basic principles of accounting of biological capital used in agriculture. Biological capital is defined as an accounting object, defined are its characteristic features. Analyzed are the works of Ukrainian and foreign scientists who conduct theoretical and methodological research of the problems of accounting of biological capital and biological assets in agriculture. Using entities reviewed are the basic production processes that use biological assets and examples of its recording are given. Particular attention is paid to reflection of the quality parameters of the transactions held and products manufactured in the accounting. The study determined that the use of biological capital is an important aspect of sustainable economic development and solving global problems, hence the accounting support of these processes should focus on reflection and stimulation of improvement of the quality parameters of products and business operations.