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THE ROLE AND SPECIFICS OF ACCOUNTING SYSTEM IN SMALL FARMS IN LATVIA

V. Bratka, A. Praulins

First published: 2019https://doi.org/10.5593/SWS.ISCSS.2019.1/S03.065View metrics

Abstract

This paper explores the particularities of accounting system that serves as the main source of data for analyzing and managing small farm performance in Latvia. Although the topic of accounting in small companies has already been discussed in the literature, there is still a dearth of research on challenges faced by small agricultural holdings. The paper attempts to fill this gap in the literature by providing an insight into highly unsophisticated systems for aggregating and processing data used by some small farms. These mechanisms occasionally fail to provide reasonably accurate and up-to-date information for costing that is an essential pre-requisite for successful control over the efficiency of agricultural production. The study also highlights the contribution of the SUDAT - a component of the EU Farm Accountancy Data Network in Latvia - to improving the quality of decision-making by small farms. The paper adopts a mixed-method approach by integrating the results of quantitative and qualitative data analysis.

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Publication details

Title
THE ROLE AND SPECIFICS OF ACCOUNTING SYSTEM IN SMALL FARMS IN LATVIA
Authors
V. Bratka, A. Praulins
Proceedings
6th SWS International Scientific Conference on Social Sciences ISCSS 2019
Publisher
STEF92 Technology
Year
2019
Pages
497-504
SWS Citekey
Bratka20193497504
ISSN
2682-9959
ISBN
978-619-7408-91-1
Language
en
Publication type
Proceedings Paper
Keywords
accounting systemsmall farmsperformanceanalysis
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