Given the current boom in the automation of all processes such as administrative, managerial and service processes, accounting processes are not left behind, so the codification of the accounts to be used by all companies, regardless of their purpose, is becoming increasingly evident, highlighting that it is necessary to take into account such codification, since they may be directed towards the primary sector, which is the production of raw materials, as well as the secondary sector where we get the transformation of raw materials and could also be the third sector, which is the marketing of the final product.
Based on the above, it is essential to take into account what is specified by the technical accounting regulations that allow us to denote specific accounting policies for each type of company, especially those of the primary sector such as the agricultural and livestock companies, most of which carry out their accounting using accounts commonly related to the services sector, without denote the existing items in the agricultural accounting regarding biological assets indicated in the International Accounting Standard 1 and the International Financial Reporting Standard 34.
It is assumed that the number of accounts used in each accounting system installed in any production unit will vary, according to the degree of detail as well as the information required, where the most important thing is that every economic fact is recorded exactly as it is, affecting or crediting the specific accounts, this will serve to control the items originated by the different activities of the agricultural activity; and will not be left to the personal criteria of the accountant who created such accounting system.
For this reason, it is necessary that any company, as well as those in the agricultural sector, have a specialized chart of accounts in accordance with the current regulations on the subject, which will allow them to include accounts or delete accounts at any time, i.e. that it be flexible and not rigid in order to keep a better record of their operations and help senior management to make efficient and effective decisions.
To conclude we can emphasize that this is important because there are accounting operations that are recorded in numbers that are not correct, transferring valuable information but wrongly, generating incorrect decisions are made by this type of bad accounting, also in correct use of a structure of accounts serves to have and unify an adequate control of the registration of operations performed by the company, in turn to have a catalog of accounts where we can find all the accounts for the effective registration of operations and has an impact on it easier and better information for the realization of its financial statements.