ORGANIZATION OF ACCOUNTING FOR THE ACTIVITIES OF WINE-PRODUCING ENTERPRISES IN THE LIGHT OF INTERNATIONAL AND NATIONAL STANDARDS

Abstract

The article examines the organization of accounting for wine-producing enterprises in Ukraine, focusing on the harmonization of national and international standards. The study highlights the relevance of improving accounting practices in response to the growing role of the wine industry in the national economy and the need to ensure transparency and reliability of financial information under market and regulatory transformations. The research aims to substantiate theoretical and methodological approaches to developing a comprehensive accounting system that reflects the technological complexity of winemaking. The methodology is based on systemic and structural-logical analysis, comparative assessment of accounting models, and synthesis of practical recommendations for enhancing accounting policy. The results present a conceptual model of accounting that integrates agricultural, industrial, and financial stages of wine production – from vineyard planting and grape cultivation to processing and finished product recognition. This model ensures consistency in recording economic operations, comparability of reporting, and compliance with international accounting standards. The proposed system improves the identification of biological assets, cost calculation, capitalization of borrowing costs, and inventory valuation. Particular attention is paid to the transformation of vineyards from biological assets into fixed assets and to the capitalization of financial expenses associated with the long-term maturation of wine as a qualifying asset. The study confirms that implementing a structured accounting framework increases operational efficiency, supports management decisions, and facilitates adaptation to European traceability, labeling, and quality requirements. The practical value of the research lies in its applicability for Ukrainian wineries to optimize internal accounting regulations, strengthen control mechanisms, and enhance competitiveness in both domestic and international markets. The development of accounting policies tailored to each production stage contributes to the reliability of financial reporting, efficient resource management, and the creation of methodological foundations for harmonizing national practices with EU accounting and wine industry standards.