No abstract

According to IAS 41 "Agriculture" an agricultural company should keep accounting of agricultural products represented by fair value net of sale costs unconditionally. Bio assets should be evaluated by fair value net of sale costs until they are transformed into agricultural products. This article is aimed to suggest a new procedure on analyzing financial results of an agricultural company with regard to bio assets. The suggested procedure can be implemented in the companies splitting accounting of costs into variable and fixed ones and in the companies practicing conventional cost accounting procedures. Integrated agricultural production company "Kolos" was the base for the following research. Recommended procedure of control and analysis of presented indexes evaluates the extent of influence of managerial decision about allocation and utilization of bio assets on return on production investments, output of agricultural products obtained from bio assets. The output is assessed by gross product evaluated by fair value net of sale costs, gross margin, gross profit, labor productivity in plant breeding, animal breeding and in general agricultural activity.

Subject. This article deals with the theory-and practice-relevant issues of classification and content definition of different types of capital used as sources of operations financing, and recommendations for developing their accounting in agricultural organizations. Objectives. The article aims to substantiate the organizational and methodological aspects of capital accounting development to generate information on value reserve and creation of value as new in the organization's integrated reporting. The article also aims to define the classification and content of capital types as sources of financing for the organization's activities and develop recommendations for developing the accounting of the availability, increase, reduction or transformation of the relevant types of capital in the organization's business activities. Methods. For the study, we used the methods of analysis and synthesis, induction and deduction, analogy, and comparison. The scientific works of domestic specialists and regulations, including the International Standard on Integrated Reporting (IR) are the methodological basis of this work. Results. The article defines conceptual provisions and offers practical recommendations on the set-up and development of capital flow accounting in the corporate governance system of the agricultural organization. It clarifies the classification and economic content of capital as a source of funding for the organization's reproduction activities. The article also offers an original method of accounting for the value reserve (balances) and capital changes. Conclusions and Relevance. The practical application of the developed recommendations for value accounting and capital changes will help generate all the necessary information in the integrated reporting of the agricultural organization to assess its reserves of value, create value as new, economic, environmental, and social efficiency of the organization's activities. The results of the study can be used to develop the theory, methodology and techniques of accounting of capital types as sources of financing of value creation as a result of the agricultural organization's business activities.

The article discusses the meaning, essence, content and classification of capital investments in agriculture. The estimated and organizational and methodological aspects of accounting for capital investments in agricultural organizations are disclosed. The conditions for recognition and the composition of the actual costs when recognizing capital investments, as well as practical recommendations for reflecting these costs and various operations with capital investments in the accounting accounts. Proposals have been determined for the reflection in the accounting of operations on disposal of capital investments and recognized expenses and income of the period in which capital investments are written off.

Agricultural activity is a complex process where various resources, organizational forms of production, labor and payment are used. In this regard, the issues of the development of cost management for the production of agricultural products and the results of its production are becoming topical. A special place in the development of cost management for the production of agricultural products is occupied by management accounting of these costs, as well as their control and analysis. Therefore, the article has improved the classification of costs in agriculture based on the operation of basic economic laws and the practical need for management accounting and planning. Methods for determining the total production cost of products, gross (marginal) income, operating net income, operating profit are proposed. A model of the integrated organization of accounting and cost planning in the agricultural management system has been developed. A methodology for establishing fair value and transfer pricing for agricultural products, as well as a method for accounting for these products, is proposed.