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Products of agricultural production as a special object of accounting, analysis and planning

Author(s) Ulanchuk V., Doctor of Economics, , Uman National University of Horticulture
Anishchenko G.Yu., , , Uman National University of Horticulture
Category Economics
year 2018 issue Випуск №93. Частина 2
pages 145-158 index UDK 657: 631.1 : 338.43
DOI 10.31395/2415-8240-2018-93-2-145-158 (Link)
Abstract Economic aspects of the inclusion of industry products to the index of agricultural production will allow to classify and reflect it in accounting and reporting correctly. The essential aspect in this case is not the technological affiliation of products to crop or livestock production, but the correspondence to the list, which is taken into account for the calculation of the agricultural production index. Therefore, a number of normative documents regulating this issue should be approximated in the part of a clearly defined list of products, which is defined as agricultural. The assessment of agricultural products should provide a real, adequate and reliable interpretation of facts and economic events (posting, balance and the use). Due to this, it is necessary to take into account the peculiarities of the functioning of the agricultural sector and agricultural markets. Each business entity in agribusiness needs to develop its own mechanism for the application of fair value, and its excellence will be determined by information security, accessibility to public information and internal regulations. It includes the development of some elements of the accounting policy (consolidation of the functions of assessment by special committee, determination of its personnel, the inclusion of this unit in the enterprise-wide document circulation and internal reporting to the central accounting, indication of methods for evaluating of agricultural products in the Order on the accounting policy), approving of a separate Regulation on the Committee for the Assessment of Agricultural Products. The system of accounting and analytical support as a component of enterprise management is devoted to the continuous formation of information flows of commercial and production activities, requirements of planning, analysis, preparation of effective management decisions and control over their implementation. One of the most effective steps towards improving the accounting and analytical support for management in agrarian enterprises is the intensification of planned economic work and the introduction of accounting records into accounting practices and reporting on the presence and movement of products.
Key words agricultural production, finished products, valuation, fair value, Initial recognition, production cost, cost differences
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