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Role of Accounting Reporting as an Information Source in Attracting Investments

Author

Listed:
  • Svitlana Kucherkova

    (Taurian State Agrotechnical University)

Abstract

Reporting in the scientific plane is considered as one of the eight elements of the method of accounting, but in practice is an indispensable tool for summarizing the results of the financial and business operation of entities, as well as a major source of information in attracting investment. However, the existing financial and statistical reporting bears threats to the financial security of national agricultural enterprises. In particular, according to the accounting reports today the agricultural sector is more profitable than banking. This article focuses on substantiation of the need to expand the information of financial reporting to make strategic management decisions and increase the investment attractiveness. The author believes that the current financial statements lost most of the indicators that have been used before and offers to introduce additional financial statements alongside the existing ones. These forms should contain the information on land, fixed assets, production and sale of agricultural products, the structure of production costs and other indicators of industrial activity.

Suggested Citation

  • Svitlana Kucherkova, 2014. "Role of Accounting Reporting as an Information Source in Attracting Investments," Oblik i finansi, Institute of Accounting and Finance, issue 3, pages 47-51, September.
    • Handle: RePEc:iaf:journl:y:2014:i:3:p:47-51
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    File URL: http://www.afj.org.ua/en/article/197/
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    More about this item

    Keywords

    reporting; national accounting standards; international financial reporting standards; investment attractiveness; plant fixed assets;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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