Accounting problems in the agricultural industry: Russian and international approaches

The article discusses topical issues of financial accounting in the agricultural sector related to the harmonization of Russian and international accounting. Today, Russia is trying in every possible way to increase the economic attractiveness of the country through its own production, including through exports. Agriculture has been one of the main activities of the Russian population since ancient times. The favorable geographical position and territorial characteristics determine the state’s interest in the development of this sector. However, in a market economy, this industry functions only thanks to additional measures of state support. To get out of this situation, the country, first of all, needs to move to international accounting standards in order to attract new foreign investors, sponsors, buyers and customers. The closer and clearer the international approaches to accounting become, the more attractive the agricultural sector will become for foreign investors. For a painless transition to Russian accounting standards for income and expenses, it is important, first of all, to study its theoretical, regulatory and legal aspects, as well as the specifics of the industry. It is equally important to analyze the main problems that arise during the transition. Thus, the relevance of the work is due to the importance of the transition of Russian agricultural accounting standards to international ones.