摘要：Forest has always been considered a human partner in its evolution. With the passage of time,a new relationship has been imposed so that the forest has turned into a resource and wood is a great asset. At present,the forest area accounts for 42% of the total European Union surface area,the main agricultural product being raw wood. At international level,accounting in this area was not a priority,and therefore only in 2003 a standard for agricultural regulation was approved: IAS 41 "Agriculture". When products from biological assets of an entity are harvested,IAS 41 is applied,but if they are subsequently processed,they will be subject to IAS 2 standard. Considering the complexity of calculating the assessment of biological assets,the study concludes that it is easier to apply fair value than historical cost to the accounting,the latter providing a less accurate understanding of the real situation.
