Economy, finances, management: topical issues of science and practical activity

SCIENTIFIC JOURNALS OF VINNITSA NATIONAL AGRARIAN UNIVERSITY

Issue №: 1 (29)

Published: 2018.01.30

DOI: XX.XXXXX/XXXXXXXXXXXXX

Description:
The magazine deals with the problems of the agricultural sector of the economy in the context of integration and processes of globalization. Attention is paid to the issues of development of digital economy, rural territories, technologies of enterprise management and organization of accounting, problems of legal support of economic processes, market tendencies of development of various branches of economy. Particular attention is paid to green tourism as a promising segment of the national economy.

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INSTITUTIONAL APPROACH TO THE FORMATION OF ACCOUNTING INFORMATION ON BIOLOGICAL ASSETS AND AGRICULTURAL ACTIVITIES

DOI: XX.XXXXX/XXXXXXXXXXXXX

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KANTSEDAL Nataliya – Candidate of Economic Sciences, Associate Professor of the Accounting Department, Poltava State Agrarian Academy (36003, Poltava, 1/3 Skovoroda Str., e-mail: kantua@ukr.net).

Annotation

The main provisions of the formation of accounting information on biological assets and agricultural activities on the basis of the institutional approach are disclosed. The methodological component of the organization of accounting for such assets is detailed, and the possibilities of applying professional judgment as a means of identifying alternative options for implementing the enterprise's accounting policy with respect to biological assets and agricultural activities are indicated.

On this basis, the structure of the main provisions of accounting policy is presented, taking into account the variability of its content, due to the differences in the norms of IAS 41 “Agriculture” and Ukrainian Accounting Standard 30 “Biological assets”. It includes the following components: 1) accounting classifications and the recognition of biological assets as accounting objects; 2) methods for assessing biological assets; 3) use of appropriate accounts; 4) the procedure and methods for calculating depreciation; 5) expenses and incomes of agricultural activities; 6) reflection of indicators on biological assets and agricultural activities in financial statements.

The proposed model of formation of accounting policy allows for the most efficient “import” of the conditions of the activity of a specific entity and the ensuring a qualitative accounting reflection of information on biological assets and agricultural activities, corresponding to economic interests, requirements and requests of the maximum set of institutions.

Keywords: globalization, institutional modeling of development of accounting systems, agricultural activities, biological assets, biotransformation, institutions, accounting policy, professional judgment.

List of references

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2. Oblik silʹsʹkohospodarsʹkoyi diyalʹnosti. Navchalʹnyy posibnyk / Za red. Zhuka V. M. – K.: Vydavnytstvo TOV “Yur-Ahro-Vesta”, 2007. – 368 p. 3. Zhuk V.M. Ínstitutsíonal'na teoríya bukhgalters'kogo oblíku: vídpovíd' na vikliki suchasností / V.M. Zhuk // Bukhgalters'kiy oblík í audit. – 2015. – № 8-9. – Pр. 14-23.

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5. Lehenchuk S. F. Bahatovariantnistʹ v bukhhaltersʹkomu obliku: istoryko-teoretychni aspekty / S.F. Lehenchuk. – Zhytomyr : ZHDTU, 2017. – 204 p.

6. Polozhennya (standart) bukhhaltersʹkoho obliku 30 “Biolohichni aktyvy” [Elektronnyy resurs] : Nakaz Ministerstva Finansiv Ukrayiny vid 18.11.2005 r. № 790. – Rezhym dostupu: http://zakon2.rada.gov.ua.

7. Levchenko Z. M. Formuvannya oblikovoyi polityky shchodo vytrat silʹsʹkohospodarsʹkoyi diyalʹnosti / Z. M. Levchenko // Naukovi pratsi Poltavsʹkoyi derzhavnoyi ahrarnoyi akademiyi. Vypusk 1(10) – Poltava: PDAA, 2015. – Pр. 184-189.

8. Rohoznyy S. Biolohichni aktyvy: oblik biotransformatsiyi ta vrozhayu [Tekst] / S. Rohoznyy, O. Karpachova // Vse pro bukhhaltersʹkyy oblik. – 2017. – № 70. – P. 24-28.

9. Mizhnarodnyy standart bukhhaltersʹkoho obliku 41 “Silʹsʹke hospodarstvo” IASB [Elektronnyy resurs] : Standart, Mizhnarodnyy dokument vid 01.01.2012. – Rezhym dostupu: http://zakon2.rada.gov.ua.

10. Metodychni rekomendatsiyi z bukhhaltersʹkoho obliku biolohichnykh aktyviv [Nakaz Ministerstva finansiv Ukrayiny №1315 vid 29.12.2006 r. ]: [Tekst] // Vse pro bukhhaltersʹkyy oblik. – 2017. – № 69. – Pр. 49-66.

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About the journal

Topics of the journal:

С1 Economics and International Economic Relations (by specialization)

D1 Accounting and Taxation

D2 Finance, Banking, Insurance and Stock Market

D3 Management

D4 Public Management and Administration

D5 Marketing

D7 Trade

J3 Tourism and Recreation

Keywords: economics , international economic relations , accounting , taxation , finance , banking , insurance , stock market , management , public management and administration , marketing , trade , tourism and recreation

Key information:

ISSN (print): 2411-4413

DOI: 10.37128

All-Ukrainian scientific and production journal “Economics, finance, management: topical issues of science and practical activity” is a peer-reviewed open-access journal that publishes original research, theoretical articles and reviews on a wide range of economic and business issues. The articles, which have scientific and scientific-practical significance, highlight theoretical and methodological aspects of the development of agrarian sector of economy and related industries, the results of fundamental and applied research.

The purpose of the journal is to highlight the results of fundamental and applied research in the field of economic sciences, aimed at developing modern approaches to managing economic processes, financial support for enterprise activities and increasing the efficiency of economic systems. The publication is focused on creating a scientific environment for the exchange of research results between scientists, higher education students and practitioners in economic sphere, as well as on the dissemination of modern scientific and methodological approaches to solving current economic and management problems. The journal contributes to the development of the research in the field of enterprise economics, finance, accounting, auditing, management, marketing, entrepreneurship, trade, tourism and recreation, public management and administration, economic development and international economic relations, which meets the modern needs of the socio-economic development of the state.

The journal’s objectives are:

• publishing the results of fundamental and applied research in the fields of economics, international economic relations, finance, management, public administration, accounting, marketing, tourism and recreation, and entrepreneurship;

• promoting the development of modern methods of managing enterprises and organizations, increasing the efficiency of using financial and material resources;

• supporting the research aimed at improving the economic mechanisms of enterprise functioning, developing innovative activity, and increasing the competitiveness of economic structures;

• ensuring the scientific exchange of research results between higher education institutions, scientific institutions, and business entities;

• developing methods of economic analysis, forecasting, and modeling of socio-economic processes;

• disseminating of modern approaches to financial management, accounting, taxation, and control of economic activity;

• promoting the development of interdisciplinary research related to the economic support of the development of agrarian sector of economy and rural areas;

• integration of scientific research results into the international scientific space and increasing the level of scientific communication.

Publisher: Vinnytsia National Agrarian University

Link to the journal on the publisher’s website: ”Economics, finance, management: topical issues of science and practical activity”

Frequency of issue: 4 times a year.

Language of publication: Ukrainian, English.

Editor-in-Chief: Inna Honcharuk

State registration: Decision of the National Council of Ukraine on Television and Radio Broadcasting No. 1337 and No. 1178. Media identifier – R30-05171. Publisher registration number (EDRPOU) 00497236.

Publisher’s ROR: https://ror.org/05m3ysc06 Publisher’s DOI prefix: 10.37128 ISSN (print): 2411-4413

Publisher DOI prefix: 10.37128 ISSN (print): 2411-4413

The scientific journal is included in category "B" of the List of scientific professional publications of Ukraine, in which the results of dissertations for the degree of Doctor and Candidate of Sciences in the specialties C1 (051) - Economics, D1 (071) - Accounting and Taxation, D2 (072) – Finance, Banking, Insurance and Stock Market, D3 (073) – Management, D5 (075) – Marketing, D7 (076) – Entrepreneurship and Trade, (241) – Hotel and Restaurant Business, D4 (281) – Public Management and Administration (Order of the Ministry of Education and Science of Ukraine dated March 17, 2020 №409)

History of journal:

Founded in 1997 under the name ”Bulletin of Vinnytsia State Agricultural Institute”. In 2010-2014 it was published under the name “Collection of Scientific Papers of Vinnytsia National Agrarian University”. Since 2015 “Economics, finance, management: current issues of science and practical activity” (Certificate of State Registration of Mass Media No. 21154-10954 PR dated 12/31/2014).