Organizational and Methodological Approaches to Development of Accounting Policy for Formation of Integrated Accounting of Interrelated Agricultural Companies

By Balashova, N. N.; Melikhov, V. A. et al. | European Research Studies, April 2016 | Go to article overview

Organizational and Methodological Approaches to Development of Accounting Policy for Formation of Integrated Accounting of Interrelated Agricultural Companies


Balashova, N. N., Melikhov, V. A., Ovchinnikov, M. A., Egorova, E. M., Tokareva, E. V., European Research Studies


Introduction

In the globalizing world, economy of modern Russia faces change of situation in most spheres of economy in the direction of strengthening of competition, including agriculture, which leads to increase of the tendency of integration of Russian agricultural enterprises and formation of agro-industrial holdings, agro-clusters, and other types of associations of enterprises.

Interrelated agricultural enterprises not only closely cooperate in their production activities and exchange resources, technologies, and information but lead joint financial, tax, and managerial accounting (Balashova & Melikhov, 2014).

Due to differences in accounting policy of various agricultural enterprises members of such integrated associations - there is a problem of its unification and formation of integrated accounting of all interrelated agricultural enterprises.

This article is devoted to solving the stated problem and analysis of organizational and methodological approaches to development of accounting policy for formation of integrated accounting of interrelated agricultural enterprises. The purpose of the article is to determine advantages and drawbacks of existing organizational and methodological approaches to development of accounting policy and to develop optimal approach to formation of integrated accounting of interrelated agricultural enterprises.

Materials and method

Fundamental foundations of corporate accounting of enterprises are set in scientific works and publications of such authors as (Al Daoud et al., 2015), (Bean & Irvine, 2015), (Habck & Wolniak, 2015), (Joensuu et al., 2015), (Searcy & Buslovich, 2014), (Wang & Li, 2015), (Thalassinos & Liapis, 2013), (Thalassinos et al. 2013). Among scientists which study organizational and methodological issues of development of accounting policy of enterprise, the following authors can be distinguished: (Abdel-khalik & Chen, 2015), (Bradshaw et al., 2014), (Dabbicco, 2015), (Freidank & Sassen, 2015), (Galli, 2015), (Nobes & Stadler, 2015).

Issues of interrelated agricultural enterprises are studied by such economists as (Bernardes, 2015), (Medernach & Burnod, 2013), (Grouiez, 2012), (Bazylyuk & Mynenko, 2010), etc.

However, despite the high level of study of the problem of formation of corporate accounting of enterprises and peculiarities of interrelated agricultural enterprises, organizational and methodological issues of formation of integrated accounting for interrelated agricultural enterprises are viewed discretely and peripherally in works of modern scientists.

This research is devoted to complex solution to the problem of formation of integrated accounting of interrelated agricultural enterprises. For that, the work uses methods of problem and comparative analysis, method of optimization and graphical presentation of information.

Results

In order to enter global markets, attract foreign investments, etc., Russian enterprise gradually transfer to international approach to development of accounting policy and presentation of corporate accounting which significantly differs from Russian approach (Table 1).

As is seen from Table 1, Russian approach to development of accounting policy supposes that final users of corporate accounting are public authorities, primarily, tax bodies and state statistics bodies. This predetermines prevailing of tax accounting in corporate accounting (Balashova, 2014).

International approach to development of accounting policy of enterprise supposes that final users of corporate accounting are investors and financial institutes, primarily credit organizations and insurance companies. That's why financial accounting prevails in corporate accounting (Chekrygina et al., 2014).

In the Russian approach to development of accounting policy of enterprise, accounting date is tied to calendar year. …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Note: primary sources have slightly different requirements for citation. Please see these guidelines for more information.

Cited article

Organizational and Methodological Approaches to Development of Accounting Policy for Formation of Integrated Accounting of Interrelated Agricultural Companies
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen
Items saved from this article
  • Highlights & Notes
  • Citations
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Search by... Author
    Show... All Results Primary Sources Peer-reviewed

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.