INFORMATION SUPPORT OF THE SYSTEM OF ORGANIZATION OF ACCOUNTING OF INCOME FROM OPERATIONAL ACTIVITIES OF AN AGRICULTURAL ENTERPRISE

Abstract

The article examines the features of information support for the system of organizing accounting for income from operating activities of agricultural enterprises. The importance of reliable and timely accounting information for effective management of the financial and economic activities of an enterprise in conditions of economic instability is substantiated. The economic essence of the concepts of “income”, “revenue” and “profit” is considered, and their interrelation in the accounting system is determined. Approaches to the recognition and measurement of operating income in accordance with national accounting standards and international financial reporting standards are analyzed. Common and distinctive features regarding the interpretation of the concept of income, as well as the criteria for its recognition and measurement in the accounting system, are identified.

Particular attention is paid to the specifics of the formation of operating income in agricultural enterprises, taking into account the provisions of the standard for accounting for biological assets. The composition and structure of operating income of agricultural enterprises, in particular income from the sale of products, other operating income and income arising in the process of biological transformations, is summarized, and the role of the enterprise's accounting policy is also examined.

The information base of accounting for operating income, which includes primary documents, accounting registers and financial statements of the enterprise, is analyzed. The importance of rational organization of document flow and systematization of accounting information for ensuring effective control, analysis and managerial decision-making is determined. The necessity of improving the organization of accounting for income from operating activities in order to increase the reliability of financial information and adapt the accounting system to modern management requirements of agricultural enterprises is substantiated.