Financial Analytics: Science and Experience
 

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Accounting system and risk management: The need for interaction

Vol. 12, Iss. 3, SEPTEMBER 2019

Received: 22 January 2019

Received in revised form: 15 February 2019

Accepted: 2 March 2019

Available online: 30 August 2019

Subject Heading: RISK, ANALYSIS AND EVALUATION

JEL Classification: F36, G10, L20, М40

Pages: 309–324

https://doi.org/10.24891/fa.12.3.309

Stafievskaya M.V. Mari State University, Yoshkar-Ola, Mari El Republic, Russian Federation
Stafievskaya16@mail.ru

ORCID id: not available

Subject This article deals with the issues of risk analysis, recognition and management at agricultural enterprises.
Objectives The article aims to develop methodological guidelines to ensure the interaction of the accounting system and risk management concerning the logistics of information flows and the development of analytical functions of accounting for agricultural enterprises, and develop analytical tools for risk management, accounting procedures and registers within management accounting that can help identify risk.
Methods For the study, I used a systems approach, and the methods of statistical and economic analyses.
Results The article presents tools within the management accounting of enterprises, which help form an information resource. It emphasizes the need to identify the risks of agricultural enterprises and calculate the impact of risks on accounting items.
Conclusions and Relevance Management accounting is an essential element for the development of risk management at agricultural enterprises. The bilateral cooperation between management accounting and risk management departments will certainly help neutralize, prevent and minimize risk. The results of the study can be used at agricultural enterprises as part of the risk management accounting.

Keywords: agricultural enterprise, accounting, risk management, finance

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