Characteristic features of the formation of accounting policies of agricultural enterprises

Abstract

The issue of the relevance of the formation of accounting policies of agricultural enterprises remains an important topic, since agriculture is a key branch of activities of various countries, ensuring food security and economic development. However, changes occurring in global trends, such as climate change, constant and unpredictable competition, technological progress and regulatory requirements, require a constant adaptive approach to accounting policies of agricultural enterprises. The purpose of the study was to understand and improve accounting processes, the characteristic features of the formation of financial statements and to manage the finances of a business entity in the context of agricultural enterprises. The main goals of the study include the understanding of needs and characteristic features of agricultural enterprises, aimed at studying the specifics of the industry, including production features, market conditions, and legal requirements for accounting and reporting. The study is aimed at increasing the competitiveness of agricultural enterprises by implementing effective accounting policies, which will allow the enterprise to adapt to market conditions and ensure sustainable development. Internal and external factors affecting the determination of accounting policies of an agricultural enterprise have been analysed, as well as the basic elements of accounting policies of agricultural enterprises, which must be included in order on accounting policies to optimise financial management and ensure sustainable development of the enterprise, have been described. The elements of accounting policies for the assessment of biological assets and agricultural products according to national and international accounting standards have been considered and detailed, taking into account their classification features, assessment and accounting methodology. Practical value of obtained results consists in the development of various options of accounting policy elements for agricultural enterprises depending on agricultural sector, methods of assessment and accounting of biological assets and agricultural products