PHYSIOCRATIC PRINCIPLES OF THE NEW ACCOUNTING PARADIGM IN AGRICULTURAL ENTERPRISES: F. KENE AND S. PODOLYNSKYI

Abstract

During the martial law period in Ukraine, an energy crisis is present due to attacks on strategic infrastructure objects. The agricultural sector of the country can not only meet the food needs of the population but also partially address energy problems through the development of bioenergy. The absence of methodological guidelines for the accounting of biomass and biofuels and the low informativeness of regulatory support for accounting in agriculture necessitate the formation of a new accounting paradigm that meets the demands of agricultural enterprise management. The article analyzes the main works of the founder of physiocracy, F. Quesnay, and the representative of the Ukrainian school of physical economy, S. Podolynsky. A parallel is drawn between the views of these scientists and contemporary global challenges related to climate, energy, the agricultural sector of the economy, and accounting as an informational management tool for these issues. It was found that F. Quesnay's teachings are important in recognizing accounting as a macroeconomic science, prioritizing the agricultural sector in the growth of the country's wealth, and identifying land as a key asset. S. Podolynsky is known for his energy concept, which in modern conditions confirms the importance of renewable energy, particularly bioenergy. It is proposed to highlight a new object in the new accounting paradigm – bioenergy assets, which will create informational support for an important energy sector. It is concluded that physiocrats prioritize the agricultural sector of the economy in the growth of the country's wealth and the creation of additional energy on earth.