Ostapchuk S. Accounting of the land for agricultural purpose

The thesis is devoted to the deepening of theoretical and methodological base for accounting of agricultural land, working out practical recommendations for better reflection of the land for agricultural purpose in the accounting and reporting of agricultural enterprises. Economic and juridical essence of the land capital for agricultural purpose was studied, and steps were defined in formation of theoretical base for reflection of operations with such capital in the system of accounting. The analysis of formation of accounting methodology of land use in the present conditions was carried out. The reason was substantiated why institutional approach is to be used to solve the problems in development of methodology for accounting and assessment of the land for agricultural purpose under conditions of globalization. Taking into consideration the criteria for classification of lease given in accounting standards, it is proved that in Ukraine in purposes of accounting the lease of agricultural land may be classified as financial lease. On the basis of foreign experience and in view of present-day economic and juridical conditions under which the agrarian branch is functioning, conceptual grounds were formed to build up accounting of the land for agricultural purpose. It is proposed to realize the legal regulation of accounting of the land for agricultural purpose on few levels. Propositions were worked out how to improve the methodical provision for taking the lease rights of agricultural land on the agricultural enterprise's balance sheet. The Notes to the Financial Statements were extended in order to raise the level of disclosing information about agricultural land and the rights to use them.