ACCOUNTING FOR INSURANCE ON AGRICULTURAL ENTERPRISES: PROBLEMS AND PERSPECTIVES

The article provides substantiation of the main aspects of accounting and rationalization of the organization of accounting for agricultural insurance operations; the system of accounting of incomes and expenses for insurance in the form of insurance payments and insurance indemnity, acting as the main objects of accounting in property insurance, is researched; provided practical recommendations for improving the methodological approaches to accounting for agricultural property insurance operations. Investigation of the practical maintenance of the rational organization of accounting for agricultural property insurance operations, which is associated with solving a number of applied tasks for streamlining and improving the accounting of property objects subject to insurance. Among them - the improvement of the accounting system of income and insurance costs in the form of insurance payments and insurance compensation, serving as the main objects of accounting in property insurance. The article also gives a definition of the concept of "property insurance" and "insurance contract"; the role of proper accounting in the segment of insurance of property of agricultural enterprises is considered for minimization of losses of the enterprise and financial stability; the process of recognition and accounting of insurance operations both for insurers and insurers; the issue of recognition of property insurance operations in the objects of accounting and its analytical support. In particular, the focus is on accounting for property in accordance with international financial reporting standards. As a result of the study, the main problems of harmonization of the agricultural insurance system and the sustainable development of the agrarian sector of the economy are outlined.