Organizational and methodological approach to managing financial flows of agricultural enterprises

Alsou Zakirova,Guzaliya Klychova,Gamlet Ostaev,Almaz Nigmetzyanov,Evgenia Zaugarova,Elena Zaharova,A Zheltenkov,A Mottaeva

doi:10.1051/e3sconf/202016410009

Abstract

Management accounting and management of an agricultural enterprise includes strategic planning and regulation of financial flows. Therefore, at the present stage, the development of measures to develop management accounting and improve the management of financial flows of agricultural enterprises is a significant problem. Management accounting and management of financial flows is the management of cash (financial) flows arising in the process of promotion of tangible and intangible assets. Besides, in the process of management accounting there is a purposeful distribution of financial resources in the logistic financial system of an agricultural enterprise. Management of financial flows is carried out both for the internal environment of the agricultural enterprise and for the external environment. The aim of the article is the justification of theoretical provisions and development of organizational and methodical approach to management of financial flows of agricultural enterprises in the system of management accounting. Objectives of the research: to determine the main components, directions and mechanism of development in the management accounting of financial strategy; to develop a method of management accounting for management of financial flows of developing enterprises, planning to expand their activities in the long term.

Highlights

The economic efficiency of any enterprise, including enterprises of the agricultural sector, is based on an organized management accounting, an effective developed market strategy, perfect and efficient use of monetary and other resources, minimizing a number of risks [1, 2]
We offer a management accounting methodology to manage financial flows of developing enterprises planning to expand their operations in the long term
The quality and efficiency of management decisions affects the financial stability of an enterprise, its ability to develop prospectively and achieve financial success in the long term

Summary

Introduction

The economic efficiency of any enterprise, including enterprises of the agricultural sector, is based on an organized management accounting, an effective developed market (agrarian) strategy, perfect and efficient use of monetary and other resources, minimizing a number of risks [1, 2]. By sustainable development of agricultural business we understand the process of irreversible natural change in the interrelated economic, environmental and social components of the enterprise, caused by external and internal factors, aimed at achieving a new sustainable state [8, 9]. This is a process that is constantly independent of business.

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Conclusion