The present study investigates the transformative impact of the Fourth Industrial Revolution, encapsulated in the "Industry 4.0" framework, on the socio-economic systems of G7 countries, Russia, Kazakhstan, and Uzbekistan, drawing on contemporary scientific evidence. It explores how the integration of digital technologies—such as Big Data, the Internet of Things (IoT), and cyber-physical systems—reshapes industrial production, enhances resource efficiency, and fosters sustainable development, while simultaneously posing social and institutional challenges. The research employs a systemic analysis and comparative approach, highlighting the differential adoption of smart technologies like Smart Grid in Russia and IoT-driven agricultural advancements in Uzbekistan, alongside G7 leadership in automation. Findings reveal that while Industry 4.0 drives economic growth and environmental benefits, it also exacerbates labor market disruptions and resource demands, necessitating robust institutional reforms and a "Just Transition" framework. This comparative analysis underscores the need for tailored strategies to balance technological progress with social equity across diverse economic contexts.
This article identifies the achievements made in agriculture and the existing problems related to the rapid transition of accounting to international standards, as well as provides a developed definition of biological assets. The essence and main provisions of IFRS (IAS) 41 “Agriculture” are presented. The article outlines the procedures for the recognition of biological assets, their initial and fair (equitable) value measurement, and the determination of profit arising from the increase in the value of biological assets and agricultural products.
Based on decision PC No. 4611 of February 24, 2020, “On additional measures for the transition to international financial reporting standards,” the article analyzes IFRS and develops scientific proposals and recommendations regarding the correct accounting of asset impairment in the reporting of enterprises that have received IFRS.
