FINANCIAL ACCOUNTING AND CONSOLIDATED FINANCIAL REPORTING
IN THE CONTEXT OF NAS AND IFRS: MANAGERIAL ASPECT

Olena MOSHKOVSKA

State University of Trade and Economics, Kyiv

https://orcid.org/0000-0002-1176-9478

Yuliya MANACHYNSKA

Chernivtsi Institute of Trade and Economic of SUTE, Chernivtsi

https://orcid.org/0000-0001-9155-3417

DOI: http://doi.org/10.34025/2310-8185-2026-1.101.09

Keywords: financial accounting, consolidated financial statements, agricultural enterprises, NAS, IFRS, managerial accounting, biological assets, information transparency.

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Summary

Relevance. Problem statement. In 2026, Ukraine’s agricultural sector remains one of the key segments of the national economy and foreign economic activity, underlining its strategic importance for the state. In the context of increased competition in domestic and international markets, ensuring a high level of transparency in financial reporting and fostering investor confidence is particularly critical. The implementation of IFRS 18 “Presentation and Disclosure in Financial Statements” presents significant methodological challenges for agroholdings, related to reconciling national accounting standards (NAS) with international requirements. Timely harmonization of biological asset accounting, optimization of the consolidation process for financial statements, and ensuring transparency without compromising the confidentiality of commercial information make this research highly relevant.

Therefore, the purpose of this article is to provide a theoretical rationale and develop practical recommendations for improving financial accounting and consolidated financial reporting of agricultural enterprises, taking into account the requirements of IFRS 18, the specific characteristics of the agricultural sector, and existing discrepancies with national accounting standards (NAS).

Methodology. The study employs a systemic, functional, and comparative approach, combined with an analysis of regulatory documents and scientific literature. To assess the impact of discrepancies between national and international standards on the reliability of accounting information in consolidated financial statements, a tabular method was applied, providing a comprehensive approach to the investigation of the problem.

Results. The study identifies key contradictions between NAS and IFRS in the classification of operations and the valuation of biological assets. Directions for improving the methodology for preparing consolidated financial statements of agricultural enterprises are outlined, including approaches to note disclosure that support a balance between transparency and protection of commercial interests. The research proposes methods for integrating managerial and financial accounting, as well as the use of “intelligent aggregation” of data to enhance the efficiency of monitoring agricultural enterprises’ activities.

Practical significance. The results can be applied by agroholdings and regulatory authorities to optimize the preparation of consolidated financial statements, manage intra-group risks, and increase the investment attractiveness of enterprises within the framework of European integration processes.

Prospects for further research. Further research should focus on the digitalization of the consolidated financial reporting process through the implementation of ERP systems, enhancing the accuracy of data transformation from NAS to IFRS format, and improving internal regulations governing the disaggregation of information in the notes.

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Biographies of authors:

Olena MOSHKOVSKA,

State University of Trade and Economics

Doctor of Economics, Professor,

Professor of the Department of Accounting and Taxation

Yuliya MANACHYNSKA,

Chernivtsi Institute of Trade and Economic of SUTE

Candidate of Economic Sciences, Associate Professor,

Associate Professor Department of Finance, Accounting and Taxation

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