Objectification of Losses in Accounting of Agricultural Organizations

Abstract

Currently available industry recommendations and scientific developments in the field of studying losses as an object of accounting from the point of view of the characteristics of agriculture are limited to the consideration of losses from the death of animals. The article clarifies the definition of losses in terms of production management and the construction of its accounting and information basis in this industry. Based on the industry-specific features of losses occurrence and their causes, a cycle-oriented approach to the systematization of losses in agricultural organizations is presented. A classification of losses of a long agricultural production cycle is proposed, an approach to the procedure for recognizing spoilt production is presented. The results obtained serve as a practical basis for organizing industry cost accounting for time efficient and relevant reporting information for production management needs.