PROBLEMS AND ACCOUNTING ASPECTS OF AGRICULTURAL COMPANIES IN TERMS OF GLOBAL FINANCIAL CRISIS

Agriculture is one of the most important sectors of our country, with a significant impact on the economy of Albania. A significant part of the population is employed in this sector, bringing a significant added value for all domestic economic and financial indicators. Agricultural companies large and small throughout the territory of Albania realize diversified products which are sold on local markets today and in foreign markets. However, agricultural companies in the country today face many difficulties and problems which arise naturally in terms of the global financial crisis and significant changes in terms of legislation and standards in the context of integration into the European Union. Accounting problems affecting agricultural companies make financial management and financial reporting even more difficult. Another problem associated with financial management and accounting practices of agriculture companies today relates to the implementation of modern software in order to create appropriate facilities recording and reporting of information in appropriate ways and in accordance with relevant standards. This paper aims to bring attention to certain specific aspects and some problems of agriculture companies accounting practices today in Albania. Also, this paper aims to achieve some useful approaches to relieve the problems created in terms of global financial crisis in the context of the implementation of standards of practice for contemporary accounting Albanian on agricultural companies. Finally this paper aims to achieve a comparison of the problems faced today from local agricultural companies and foreign agricultural companies of the region.