Organizational and Methodological Approaches to Development of Accounting Policy for Formation of Integrated Accounting of Interrelated Agricultural Companies

Abstract

Introduction In the globalizing world, economy of modern Russia faces change of situation in most spheres of economy in the direction of strengthening of competition, including agriculture, which leads to increase of the tendency of integration of Russian agricultural enterprises and formation of agro-industrial holdings, agro-clusters, and other types of associations of enterprises. Interrelated agricultural enterprises not only closely cooperate in their production activities and exchange resources, technologies, and information but lead joint financial, tax, and managerial accounting (Balashova & Melikhov, 2014). Due to differences in accounting policy of various agricultural enterprises members of such integrated associations - there is a problem of its unification and formation of integrated accounting of all interrelated agricultural enterprises. This article is devoted to solving the stated problem and analysis of organizational and methodological approaches to development of accounting policy for formation of integrated accounting of interrelated agricultural enterprises. The purpose of the article is to determine advantages and drawbacks of existing organizational and methodological approaches to development of accounting policy and to develop optimal approach to formation of integrated accounting of interrelated agricultural enterprises. Materials and method Fundamental foundations of corporate accounting of enterprises are set in scientific works and publications of such authors as (Al Daoud et al., 2015), (Bean & Irvine, 2015), (Habck & Wolniak, 2015), (Joensuu et al., 2015), (Searcy & Buslovich, 2014), (Wang & Li, 2015), (Thalassinos & Liapis, 2013), (Thalassinos et al. 2013). Among scientists which study organizational and methodological issues of development of accounting policy of enterprise, the following authors can be distinguished: (Abdel-khalik & Chen, 2015), (Bradshaw et al., 2014), (Dabbicco, 2015), (Freidank & Sassen, 2015), (Galli, 2015), (Nobes & Stadler, 2015). Issues of interrelated agricultural enterprises are studied by such economists as (Bernardes, 2015), (Medernach & Burnod, 2013), (Grouiez, 2012), (Bazylyuk & Mynenko, 2010), etc. However, despite the high level of study of the problem of formation of corporate accounting of enterprises and peculiarities of interrelated agricultural enterprises, organizational and methodological issues of formation of integrated accounting for interrelated agricultural enterprises are viewed discretely and peripherally in works of modern scientists. This research is devoted to complex solution to the problem of formation of integrated accounting of interrelated agricultural enterprises. For that, the work uses methods of problem and comparative analysis, method of optimization and graphical presentation of information. Results In order to enter global markets, attract foreign investments, etc., Russian enterprise gradually transfer to international approach to development of accounting policy and presentation of corporate accounting which significantly differs from Russian approach (Table 1). As is seen from Table 1, Russian approach to development of accounting policy supposes that final users of corporate accounting are public authorities, primarily, tax bodies and state statistics bodies. This predetermines prevailing of tax accounting in corporate accounting (Balashova, 2014). International approach to development of accounting policy of enterprise supposes that final users of corporate accounting are investors and financial institutes, primarily credit organizations and insurance companies. That's why financial accounting prevails in corporate accounting (Chekrygina et al., 2014). In the Russian approach to development of accounting policy of enterprise, accounting date is tied to calendar year. …