Accounting of Revenues from the Use of State Support for Farm Enterprises

Natalia Zdyrko ()
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Natalia Zdyrko: Vinnytsia National Agrarian University, Vinnytsia, Ukraine

Oblik i finansi, 2015, issue 2, 22-28

Abstract: The article is devoted to disclosure of accounting procedure for means of state financial support as part of farm incomes. It was found that the Statement of Financial Performance (Statement of comprehensive income) does not reflect the necessary information to users at the micro- and macro-level in terms of volume, trends and types of state support (current and capital transfers, credit subsidies, loans, insurance compensations). As the state support is not allocated by separate articles in the financial statements, the author made suggestions for improving the methodological and organizational provision for accounting of budget funds. In particular it is offered to apply a separate account for accounting the revenues from state support, a made a schematic representation of the movement of information on the receipt and use of funds of state support on the accounts of accounting and reporting. Considered the technique of calculating the profitability of the farm enterprises and evaluating their changes with the state support.

Keywords: accounting; revenue; farm enterprises; state support; financial statements (search for similar items in EconPapers)
JEL-codes: M41 (search for similar items in EconPapers)
Date: 2015
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