Accounting in agriculture – doing

Accounting in agriculture, as in any other field, is a system that provides for the collection, registration and summarizing of all information about assets, liabilities, expressed in monetary terms. It provides continuous and comprehensive documentary account of all without an exception of transactions conducted in the economy.

Accounting in agriculture: the objects that it includes:

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

is the capital of the company, including the statutory, reserve capital, retained earnings, additional paid-in capital and special purpose funds and reserves;

- the debt of this entity from other entities and third-party individuals and organizations, it includes loans, payables;

- also accounting in agriculture monitors all business transactions undertaken by the facility that cause changes in obligations and assets.

The Main goal of accounting in agriculture is the analysis and use of information to identify prospects for the development of enterprises, and to take appropriate and promising management decisions. Received account information is used at different levels of management. Accounting agriculture applied at on-farm level, General and external level control in industrial processes for the agricultural enterprise.

But accounting in agriculture is not only informational function, it also performs a monitoring function, and it illustrates the implementation of the organizational plan shows the profitability of the agricultural enterprise, and helps to avoid failures and mistakes at work, does not allow for irrational use of existing resources and these actions help to save funds.

Accounting in animal husbandry and agriculture helps the enterprise to solve the following tasks:

- allows you to create accurate information about the financial condition of the company, its activities, which is used by internal users, including shareholders, executives, owners and stakeholders of an enterprise, and external users – creditors, investors, banking, financial and tax authorities, suppliers, and many others;

to submit information for the Commission control over strict observance of the current legislation during implementation of operations associated with the movement of liabilities and assets, as well as using all available resources. All this must be done in accordance with approved at the legislative level specifications, cost estimates and standards;

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

- identify internal reserves, which help to ensure the financial stability of enterprises and to mobilize them;

- to evaluate the real use of all identified reserves.

In accordance with applicable law, for the proper organization of accounting in the conduct of various business transactions is the responsibility of the head of the company. He appoints the chief accountant, and he is directly responsible for the creation and maintenance of accounting policies, timely and reliable information on the state of the enterprise in financial terms. The chief accountant supervises the rational use of all funds and directly performs management over entire accounting Department.