Accounting and analytical aspect of risk management of agricultural organizations

Abstract

In modern conditions of economic development, agricultural organizations are faced with the need to manage their property and obligations in situations of risk and uncertainty. Accounting and analytical support is becoming an important source of information for making effective management decisions. An important stage of management at all levels is control. Effective control is not possible without consideration and analysis, which causes certain difficulties. The risk management system works with all identified risks of the organization. The accounting system covers a limited number of risks with the necessary parameters for their registration and acceptance for accounting. When registering risk, each type of accounting (financial, management, tax, statistical) is determined by its goals, uses different methods of assessment, etc. The reporting in each case meets specific criteria. Differences in the principles of accounting and assessment of one risk in several accounting systems cause difficulties in the practice of risk management. The risk management process has its own procedure regulated by international and national standards for risk management, which do not contain unified actions regarding further accounting measures for identified risks. This leads to a decrease in the quality of information regarding risks to ensure control and management procedures. At the same time, accounting standards do not provide for management actions for risks accepted for accounting. This paper is devoted to the study of the role of accounting and analytical aspects in the risk management of agricultural organizations from the position of coordination of control actions of risk management and accounting procedures. General scientific methods were used in the study: a systematic approach, comparative analysis, logical generalization, modeling, etc.