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Role of Accounting & Analytical Support of State Agricultural Policy in the Context of Financial Crises

Author

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  • Nataliya Pravdyuk

    (Vinnitsa National Agrarian University, Vinnitsa, Ukraine)

Abstract

State agricultural policy should be aimed at identifying the factors of creating added value and stimulating its generation. Effective implementation of state agricultural policy is impossible without reliable information in the volumes necessary for different levels of government. The purpose of the article is to determine the role of the system of accounting and analytical support in the implementation of the state agricultural policy and to propose the guidelines for its improvement in the context of financial crises. The analysis of the dynamics of gross output and expenditures of the state budget for the agricultural sector was performed and economic accounts of agriculture were evaluated. The factors that stimulate the development of accounting were identified and their characteristic was given. Accounting aggregates were presented as elements of innovative methods of management information support. Based on the analysis of the achievements of foreign researchers, the matrix of characteristics of the accounting and analytical support of the state agricultural policy was formed by the author. It was revealed that during a period of stable functioning of the agricultural sector, the effectiveness of management decisions depended on how the accounting system provided management of relevant, complete and reliable information about the status of assets, liabilities, results of operations and financial resources of economic entities. But during the crisis managers need information about the stock of production and financial stability, forecast of production costs, logistics efficiency and other indicators that need to be controlled. The model of accounting and analytical support of the state agricultural policy was built. It was proved that the role of accounting and information support especially increases during a crisis, because the accounting information and its analysis makes it possible to predict the most realistic scenario for the development of the situation.

Suggested Citation

  • Nataliya Pravdyuk, 2020. "Role of Accounting & Analytical Support of State Agricultural Policy in the Context of Financial Crises," Oblik i finansi, Institute of Accounting and Finance, issue 2, pages 50-59, June.
    • Handle: RePEc:iaf:journl:y:2020:i:2:p:50-59
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    References listed on IDEAS

    as
    1. Bezemer, Dirk J., 2010. "Understanding financial crisis through accounting models," Accounting, Organizations and Society, Elsevier, vol. 35(7), pages 676-688, October.
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    3. Carmela Barbera & Enrico Guarini & Ileana Steccolini, 2020. "How do governments cope with austerity? The roles of accounting in shaping governmental financial resilience," Accounting, Auditing & Accountability Journal, Emerald Group Publishing Limited, vol. 33(3), pages 529-558, March.
    4. Monica Laura ZLATI & Valentin Marian ANTOHI, 2018. "Accounting treatments and policies for biological assets from the perspective of IAS 41 - Agriculture," Risk in Contemporary Economy, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, pages 104-113.
    5. Becker , Sebastian D & Mahlendorf , Matthias D & Schäffer , Utz & Thaten , Mario, 2015. "Budgeting in Times of Economic Crisis," HEC Research Papers Series 1122, HEC Paris.
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