Enhancing Financial Security in Agricultural Business: Financial and Property Aspects
AbstractThe article provides the analysis of information support for the developing agrarian businesses financial security activities. The impact of financial statements on financial security has been proved through generalization procedure of such calculating indicators as operating margin, return on assets, total liquidity ratio and financial autonomy ratio. A causal effect between mass underestimation of operating fixed assets in accounting and inflated profitability rates in agribusinesses operating activities has been identified. Suggestions have been made as to revaluation of agricultural enterprises fixed assets for improving their property status presentation in financial reporting, appropriate determining of profitability rates and enhancing their financial security. At the Ministry of Agrarian Policy and Food of Ukraine it has been proposed to approve the Methodology of agribusinesses fixed assets revaluation which would provide the organizational mechanism and methodical procedure of fixed assets revaluation in agribusiness. According to the author, application of this methodology will enable development of reliable data for national statistics and, consequently, actual results of financial security in agricultural sector.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Institute of Accounting and Finance in its journal Accounting and Finance.
Volume (Year): (2014)
Issue (Month): 1 (March)
agricultural sector; financial security; evaluation; fixed assets; profitability of operations; financial statements;
Find related papers by JEL classification:
- M41 - Business Administration and Business Economics; Marketing; Accounting - - Accounting - - - Accounting
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Serhiy Ostapchuk).
If references are entirely missing, you can add them using this form.