Implementation of the Professional Judgment of Accountant in the Context of the Impact of Dysfunction of Socioeconomic Development on the Sphere of Agrarian Business
Authors:   Cherkasy State Business College, Kryvoruchko Mykhailo Yu. 
Published: November 2023

The article is devoted to the study of the professional judgment of accountant in the context of the impact of the dysfunction of socioeconomic development on the sphere of agrarian business. In the process of preparing the article, such general scientific methods as generalization, analysis, synthesis, tabular, and monographic methods were used. The influence of the dysfunction of socioeconomic development on the methodology of reflection of such influence in the financial statements is analyzed, on the basis of the materials of the agricultural enterprise, the most significant factors of the external environment are allocated. According to the results of the study, it is found that modern economic conditions necessitate the adaptation of methodological approaches to the implementation of the professional judgment of accountant, which directly affects the reflection of information in the reporting of enterprises. It is determined that the key challenge for accounting and reporting in the context of increasing dysfunction of socioeconomic development is compliance with the principle of continuity – the assumption that an economic entity will continue to carry out its activities in the absence of signs of its termination. The article focuses on the dependence of reflection in the financial statements of enterprise of the impact of the pandemic on income and expenditure items on two factors – the degree of impact of the coronavirus crisis on financial and economic activities and the possibility of quantitative assessment of such impact. Methodical approaches to assessing the fair value of share capital and financial instruments have been formed; methodical approaches to determining the possibility of further control, joint control or significant influence over the objects of investment activity are outlined; the list of factors of economic activity that can be considered as the basis for recognizing the decrease in the usefulness of assets in the reporting under conditions of martial law has been compiled. The dysfunctional influence of the factors of the operating environment on the activities of the enterprise PJSC «Lebedyn Seed Plant» is characterized. A characterization of the financial risks with which the management of enterprise works within the framework of the risk management system has been carried out. It is concluded that professional judgment plays an important role in the process of preparing financial statements and management reports based on an understanding of the institutional environment in which an economic entity operates. Prospects for further research are outlined as follows: comparative analysis of the reporting of different enterprises to reflect information on the impact of the external environment on their financial and economic activities; analysis of the reporting of enterprises in the context of reflecting the impact of factors of ease of doing business – communal utilities, labor relations, international trade, taxation, dispute resolution, competition, insolvency.