Accounting of real costs for the production of organic food: world experience and practice of Ukraine

Ishchenko, Yana; Podolianchuk, Olena; Struk, Nataliya; Yasyshena, Valentyna; Stender, Svitlana

doi:10.14807/ijmp.v12i6.1776

Cited by 5 publications

(1 citation statement)

References 4 publications

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“…Organic agriculture itself is one of the key factors in solving global environmental and social problems and in achieving the goals of sustainable development (Ishchenko, 2021).…”

Section: Research Results and Discussionmentioning

confidence: 99%

Environmental safety of agricultural business in Ukraine: accounting and analytical support

Lepetan,

Hutsalenko,

Prodanchuk

et al. 2023

Economic Science for Rural Development

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Delimitation of the environmental component of national and corporate economic activity is one of the ways to present information on environmental activities in the accounting and reporting system. An important problem of this system of accounting for natural resource and environmental indicators is the lack of methods for the formation of such business transactions. Only if environmental indicators are taken into account in the economic activities of enterprises, an objective assessment can be given and a competitive agricultural business can be formed. The purpose of the study is to find out the importance of environmental safety of the agrarian business of Ukraine and its accounting and analytical support. It is determined that the primary role in the process of environmental management is designed to perform accounting as a system that reflects the events of economic life, including the impact of the enterprise on the environment. The article discloses the role of accounting in ensuring environmental safety of business. The volume of expenses of business entities for the implementation of environmental measures, including waste management, is investigated. The costs of environmental protection of agriculture, forestry and fisheries in Ukraine are analysed. It is revealed that the main objects of accounting for environmental activities are assets, liabilities and results of the enterprise. The article reveals the essence and methodology of environmental accounting of these objects: natural resource potential, production waste, non-current assets of environmental purpose, environmental liabilities, environmental costs, environmental income and financial results from the environmental activities of the business entity.

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“…Organic agriculture itself is one of the key factors in solving global environmental and social problems and in achieving the goals of sustainable development (Ishchenko, 2021).…”

Section: Research Results and Discussionmentioning

confidence: 99%

Environmental safety of agricultural business in Ukraine: accounting and analytical support

Lepetan,

Hutsalenko,

Prodanchuk

et al. 2023

Economic Science for Rural Development

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Financial Mechanism in the System of Economic Vectors of Development of Hotel and Restaurant and Agricultural Enterprises

Aleskerova,

Fedoryshynа

2023

BJES

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The purpose of the work is to study the aspects of the financial mechanism of the hotel-restaurant and agricultural sectors of the economy that interact in the market for the provision of services and sales of products, the definition of its constituent elements, the justification of the proposal to improve the financial instruments of state influence on solving the problems of development of the hotel-restaurant sector and the agricultural sector in the conditions of the emergence of new risks and threats, as well as the need for Ukraine's integration into the global economic space. Results. Thus, it can be argued that the increase in the production of crop products contributes to the increase in the export potential of agriculture. Thanks to the introduction of a preferential regime for rural and urban products. At present, support for the main branches of production (agriculture, food industry) will provide an opportunity to ensure domestic demand and satisfy external demand. Ukraine has joined the countries of the world, which are committed to ensuring sustainable development in accordance with the global SDGs. In 2019, the directions of the country's economic audit and vectors of economic development until 2030 were developed in Ukraine. This document defines 30 development tasks and 170 basic indicators for achieving economic development, taking into account the specifics of the country. An important element in ensuring Ukraine's sustainable development is the financial component. This can be achieved by improving the functioning of certain sectors of the Ukrainian economy. The strategic importance of agricultural development is highlighted, and the interdependence of GDP growth and agricultural exports is calculated. The financial mechanism is influenced by world financial processes and globalisation, therefore it is expedient to adapt the leading experience of foreign countries. International practice shows that the reform of the financial mechanism of agricultural enterprises is carried out mainly at the expense of strengthening the direct and indirect levers of state influence. Government influence is exercised through price regulation of agricultural products and farm incomes, budgetary financing of agricultural activities, provision of affordable credit, transparent and comprehensible taxation, regulation of exports and imports of agricultural products, support for scientific and technical progress, social support for farmers, etc. The success of agriculture in the leading countries of Western Europe, the USA, Canada, China and Japan is due to the fact that the self-regulating mechanisms of the market have been limited by external levers. This is government support for agriculture through subsidies, prices, quotas, credit and tax policies, etc. Methodology. The article develops methods of financial risk management, which include identification, analysis and development of methods of neutralisation of financial risks of a company. Value/originality. The proposed model can be used to guide further GDP growth with the help of other factors. It is necessary to take into account other factors contributing to GDP growth. In general, each country chooses the optimal balance between different instruments for regulating agricultural enterprises, depending on the national characteristics of the development of the agricultural sector and the priority objectives of the agri-food policy. Prospects for further research are related to the development of optimal sources of financial support for agrarian entrepreneurship in Ukraine. Thus, summarising all the above, it can be noted that decision-making is one of the main issues in management, and in the current conditions of unpredictable challenges and changes, every manager faces the need to be creative in solving the tasks. That is why it is necessary for the management of hotel and restaurant facilities in this time of challenges and new business conditions to make certain adjustments to the management decision-making process, applying the considered managerial and organisational features. Since efficiency and consistency in making management decisions is one of the indicators of effective management of any organisation.

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Financial Management Activities of Enterprises in the Modern Economic Conditions

Aleskerova,

Fedoryshynа

2024

BJES

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The purpose of the study is to deepen the theoretical and methodological foundations and improve the practical recommendations regarding the financial management of companies in modern economic conditions. Results. Thus, it can be argued that modern crisis management of enterprises should be preventive in nature and be carried out in anticipation of negative crisis phenomena that lead to a loss of financial stability and solvency. According to the authors, the changing market environment creates an objective need to consider crisis management not as a one-time problem-oriented action, but as a continuous process, since it is known that it is easier to prevent a problem than to eliminate its consequences. It is evident that the practical implementation of management decisions necessitates the availability of appropriate sources of funding. These can be mobilised through the effective functioning of the financial mechanism, which comprises financial methods, financial levers, regulatory and information support. The efficacy of crisis management in enterprises hinges on the sufficiency of financial resources, which in turn depends on the selection of an appropriate method and instrument. Hence, the issue of optimal choice and feasibility of using financial methods in the context of crisis management of enterprise is a promising area for further research. The economic performance of the private company (PС) for the period 2021-2023 is positive, with an acceptable level of profitability. There is a threat of financial risk for the PС due to an increase in the amount of funds raised. At the same time, equity's manoeuvrability is increasing, indicating effective management of financial flows. Despite certain downward trends in the financial condition, the company has a significant margin of safety due to the fact that fixed costs are 21% or more. It follows that the main objective of financial management is to ensure growth in net income and profit, which can be achieved by increasing the production of veterinary drugs, growing sales of feed additives and providing services. Consequently, the most pressing objective of financial management at PC "O.L.KAR.-AgroZooVet-Service" is to enhance revenue generation and align financial flows. Methodology. The article develops methods of financial management of an enterprise, which envisage identification, analysis and development of models of anti-crisis management. Value / Originality. The management of the enterprise of wholesale trade in intermediate products is currently considered one of the most important and complex areas of activity and requires detailed consideration from the point of view of financial activity. The results of financial activity of PC "О.L.KAR.-AgroZooVet-Service" prove its efficiency. However, there is a clear tendency towards a certain complication of the efficiency of work, which is mainly connected with the influence of military events, the crisis state of the economy in general, the divergence of the trends in the price of the company's products and its costs, and fluctuations in the exchange rate. At the same time, the management of the PC conducts a financial policy aimed at development, accumulating profits in its capital and providing the necessary funds for the development of the company's fixed assets. Therefore, measures of anti-crisis management of the enterprise are proposed after calculating the bankruptcy model of the enterprise. Prospects for further research are related to the development of optimal solutions for managing the finances of business entities in Ukraine. Summing up the above, it can be noted that during the analysed period, the financial condition of a private enterprise did not deteriorate significantly: the company makes profits, but the indicators of financial stability and solvency attract special attention. Guided by these instructions and instructions for increasing the level of financial stability and improving financial management, PC "О.L.KAR.-AgroZooVet-Service" will maintain a stable and competitive level of financial and social activity on the market under proper financial management under the management, even in difficult times of martial law in Ukraine.

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Accounting of real costs for the production of organic food: world experience and practice of Ukraine

Cited by 5 publications

References 4 publications

Environmental safety of agricultural business in Ukraine: accounting and analytical support

Environmental safety of agricultural business in Ukraine: accounting and analytical support

Financial Mechanism in the System of Economic Vectors of Development of Hotel and Restaurant and Agricultural Enterprises

Financial Management Activities of Enterprises in the Modern Economic Conditions

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