Accounting in agriculture - features of reference

Accounting in agriculture, as inany other sphere, is a system that collects, registers and summarizes all information about the property, liabilities of the enterprise expressed in monetary terms. It provides a continuous and comprehensive documentary record of all operations conducted on the farm, without exception.

Accounting in agriculture: objects that include:

- all property of the agricultural enterprise, which includes financial investments, inventories, cash, fixed assets and others;

- The capital of the enterprise, which includes the statutory, reserve capital, retained earnings, additional capital, as well as special purpose funds and reserves;

- Indebtedness to this enterprise from other organizations, as well as to external individuals and organizations, it includes loans, accounts payable;

- also accounting in agriculture controls all the economic operations that the enterprise carries out and which cause changes in the obligations and composition of the property.

The main objective pursued by accounting inagriculture is the analysis and use of information in order to identify the prospects for the development of the enterprise, as well as to make correct and promising managerial decisions. The received accounting information is applied at various levels of management. Accounting in agriculture is applied at the intraeconomic level, general economic and external levels of management in the production processes at the agricultural enterprise.

But accounting in agriculture is not onlyinformational function, it also performs a control function, namely, it illustrates the implementation of the organizational plan, shows the profitability of the agricultural enterprise, and also helps to prevent failures and miscalculations in the work, does not allow irrational use of existing resources and helps save the enterprise's funds.

Accounting in livestock and agriculture helps the enterprise to solve such problems:

- allows you to generate reliable information about theproperty of the enterprise, its activities, which is used by internal users, including founders, owners and participants of the enterprise, as well as external users - creditors, investors, banking, financial and tax authorities, suppliers and many others;

- to submit information for the control overstrict observance of the current legislation during the implementation of transactions related to the movement of obligations and property, as well as using all existing resources. All this should be carried out in accordance with the standards, estimates and norms approved at the legislative level;

- prevent and prevent occurrence of negative phenomena in the activity of the enterprise;

- identify on-farm reserves that help to ensure the financial stability of the enterprise and mobilize them;

- assess the real use of all identified reserves.

In accordance with the current legislation,for the correct organization of accounting in the conduct of a variety of business transactions is the responsibility of the head of the enterprise. It is he who appoints the chief accountant, and he already has a direct responsibility for the formation and maintenance of accounting policies, timely and reliable presentation of information about the state of the enterprise in financial terms. The Chief Accountant controls the rational use of all funds and directly manages the entire accounting service.