POLICY FOR FORMING PROTECTIONS AND RESERVES IN THE ACCOUNTING AND ANALYTICAL SYSTEM OF AN AGRICULTURAL ENTERPRISE

Abstract

The article considers theoretical, methodological and practical aspects of developing a policy on reserves and ensuring their substance within the framework of the accounting and analytical system of agricultural enterprises. The relevance of the study is due to the specific features of agricultural production, including seasonality, biological transformation processes, climatic uncertainty and the increased impact of financial and operational risks. The economic nature of reserves and provisions is substantiated. It is proven that these are important accounting tools for risk management, financial stability and ensuring the continuity of agricultural activity. The article analyzes the current regulatory approaches to the recognition, assessment and disclosure of information on reserves and provisions in accounting and financial reporting in accordance with national and international standards. Special attention is paid to the role of professional judgment in the formation of accounting policy on reserves and provisions under conditions of uncertainty. The relationship between accounting information, analytical support and managerial decision-making is emphasized. The study identified key shortcomings in the existing practice of forming reserves and provisions in agricultural enterprises and proposed areas for improving accounting policies in order to increase the reliability, relevance and analytical value of accounting information. The implementation of a well-structured policy on reserves and provisions contributes to strengthening financial stability, improving risk assessment and supporting effective management decisions in agricultural enterprises. The developed methodological approaches to recognition, assessment, inventory and disclosure of information contribute to improving the quality of financial reporting and strengthening management control. The need for organizing internal control and analytical support for the formation of provisions and reserves on the basis of a risk-oriented approach is substantiated, which ensures the adaptability of accounting estimates to institutional changes.