FINANCIAL MANAGEMENT IN AGRICULTURE SECTOR
FINANCIAL MANAGEMENT IN AGRICULTURE SECTOR

Author(s): Baglan Aimurzina, Mazken Kamenova, Gulnara LESBAYEVA
Subject(s): Economy, Business Economy / Management, Agriculture, Accounting - Business Administration
Published by: ASERS Publishing
Keywords: agriculture; production; financing;
Summary/Abstract: Agriculture has a special place in the country’s economy, as it produces food and responds for economic security of the country. The changes in the conditions of continuously transforming Kazakstan's market economy demand from the leaders of agricultural organizations to implement new, innovative ways and approaches to technologies and mechanisms of financial management in the strategy of agriculture. This chapter deals with the concept of financial management; it proves the importance of developing new forms and possible methods of financial management; it states the reasons for lack of effective financial management in the agricultural enterprises; it also identifies a number of factors that affect the financial flows within agricultural enterprises; it briefly reviews the current situation in Kazakh agriculture; it specifies the main areas that should be solved by a system of effective financial management that all in all will formulate the directions and recommendations for improving the financial management of agricultural enterprises of Kazakhstan and, accordingly, increase the competitive advantages of the industry. To improve the effectiveness of the financial management of agricultural enterprises of Kazakhstan in general, as well as in the investment sphere of their activity is necessary to carry out a number of measures, namely: use of specific methods of financial management in determining the results of financial and economic activity of enterprises of the sector agribusiness.

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