Subject The article deals with the issues of development of methodological recommendations on adjustment of account information and analytical support of agricultural organizations in the context of inflation. Objectives The article aims to create a detailed model of adjustment of accounting information for inflation and the algorithm of its introduction into the system of accounting and analysis of agricultural organizations. Methods Fundamental and applied research of domestic and foreign scientists in the field of management accounting, publications in periodicals form the theoretical and methodological basis of the study. For the study, we used a systems approach, monographical method, summary and grouping of materials, and the elements of variance analysis. Results We have developed and now present certain methodological recommendations for the formation of a system of accounting and analytical support to the activities of economic entities in an inflationary economy. Conclusions We conclude that inflationary processes are not an abstract notion of relevance only for managerial decision-making at the macro level. The adjustment of the accounting and financial reporting indicators is necessary for making sound management decisions, in particular with regard to making information on the costs per unit of production. In modern conditions, the formulation of false and irrelevant information makes the economic subject face not only enormous losses of funds, but also the loss of financial stability. The methodology for the accounting and analytical work in modern companies is largely determined by their operation environment, in this context, the application of adjustment methods of accounting information for the prevailing rate of inflation becomes increasingly popular. This is especially significant for agricultural organizations with unique specificity of production activities.
Keywords: accounting, management accounting, inflation, system, accounting and analytical support, model adjustment
References:
Shirokova G., Bogatyreva K., Beliaeva T. Entrepreneurial Orientation of Russian Firms: The Role of External Environment. Foresight and STI Governance, 2015, vol. 9, no. 3, pp. 6–25. doi: 10.17323/1995-459X.2015.3.6.25
Yakubiv V. Accounting and Analytical Methods of Diagnostics Improvement for Enterprises' Organizational Development. Економічний часопис-ХХІ, 2015, no. 3-4(1), pp. 68–71. Available at: Link.
Krasavina L.N., Pishchik V.Ya. Regulirovanie inflyatsii: mirovoi opyt i rossiiskaya praktika [Regulation of inflation: international experience and the Russian practice]. Moscow, Finansy i Statistika Publ., 2009, 280 p.
Matthews M.R., Perera M.H.B. Teoriya bukhgalterskogo ucheta [Accounting Theory and Development]. Moscow, Audit, YUNITI Publ., 1999, 663 p.
Needles B., Anderson H., Caldwell J. Printsipy bukhgalterskogo ucheta [Principles of Accounting]. Moscow, Finansy i Statistika Publ., 2004, 496 p.
Robson K. Inflation Accounting and Action at a Distance: The Sandilands Episode. Accounting, Organizations and Society, 1994, no. 19(1), pp. 45–82. doi: Link90012-4
Küpper H.-U., Mattessich R. Twentieth Century Accounting Research in the German Language Area. Accounting, Business and Financial History, 2005, vol. 15, no. 3, pp. 345–410.
Davis-Friday P.Y., Rivera J.M. Inflation Accounting and 20-F Disclosures: Evidence from Mexico. Accounting Horizons, 2000, vol. 14, no. 2, pp. 113–135.
Konchitchki Y. Inflation and Nominal Financial Reporting: Implications for Performance and Stock Prices. The Accounting Review, 2011, vol. 86, iss. 3, pp. 1045–1085. Available at: Link.
Butler S.A. Ghosh D. Individual Differences in Managerial Accounting Judgments and Decision Making. The British Accounting Review, 2015, vol. 47, iss. 1, pp. 33–45.
Nagar Venky, Gwen Yu. "Accounting for Crises." American Economic Journal: Macroeconomics, 2014, vol. 6, iss. 3, pp. 184–213. doi: 10.1257/mac.6.3.184
Schleicher T., Walker M. Are Interim Management Statements Redundant? Accounting and Business Research, 2015, vol. 45, iss. 2, pp. 229–255. doi: Link
Smith J.A., Morris J.L., Ezzamel M. Organisational Change, Outsourcing and the Impact on Management Accounting. The British Accounting Review, 2005, vol. 37, iss. 4, pp. 415–441. doi: Link
Davison J. Visualising Accounting: An Interdisciplinary Review and Synthesis. Accounting and Business Research, 2015, vol. 45, iss. 2, pp. 121–165. doi: Link
Ezzamel M., Willmott H., Worthington F. Manufacturing Shareholder Value: The Role of Accounting in Organizational Transformation. Accounting, Organizations and Society, 2008, vol. 33, iss. 2-3, pp. 107–140. doi: Link
Kharlamova O. Crisis ‘Markers’ in the Controlling System of IFRS-Reporting Preparation. Економічний часопис-ХХІ, 2015, no. 3-4(2), pp. 71–74. URL: Link.
Kostyukova E.I., Bobryshev A.N. Sovershenstvovanie sistemy uchetno-analiticheskogo obespecheniya deyatel'nosti sel'skokhozyaistvennykh organizatsii (na primere Stavropol'skogo kraya): monografiya [Improving the system of accounting and analytical support of the activities of agricultural organizations: Evidence from the Stavropol Krai: a monograph]. Stavropol, Izdatel'stvo Syrovets V.L. Publ., 2010, 187 p.