Ensuring a Full-Fledged Economic Turnover of Agricultural Land: The Role of Accounting

Today, researchers use a wide range of terms, the economic essence of which remains uncovered. The purpose of the article is to disclose the essence of the economic turnover of agricultural land, its objects, subjects, structure, and to substantiate the role of accounting in ensuring the completeness of such turnover. It was determined that the economic turnover of agricultural land is a set of socio-economic relations regulated by legal norms that ensure the continuous participation of the agricultural land in the production of public goods. The objects of these relations are land plots and the rights to use them, and subjects are state institutions, landowners and land users and other related parties. The essence of the economic turnover of the land is not to change the owner, but to ensure the continuous participation of land assets in the production of public goods. The land market should not be identified as the economic turnover of the land. The land market is one of the components of economic turnover of the land and can be identified as a property rights market – designed to change the owner and the market of rights to use land – changes the land user. It was proved that the absence of the property rights market in Ukraine does not hinder the development of economic turnover of the agricultural land. A full-fledged economic turnover of land provides for the possibility of using a land plot as a separate means of producing public goods, and also as element of various business processes (lending, taxation, capitalization). It was revealed that the use of any assets, in particular the land plots and the rights to use them, in business processes is impossible without their identification in the accounting system of economic entities. It was substantiated that the existing underdevelopment of the practice of accounting for land assets is mainly related to the complexity of the monetary valuation of the latter.