Significance of Accounting Data for Medium Sized Agricultural Farm in the Increase of Profitability of Business

The main goal of the research in this paper is to use the scientific methods to understand the importance of accounting data for medium-sized farms located in Vojvodina. The set task of the research required the application of various methodological procedures, where the research is mostly based on the so-called desk research, and the collection of available primary and secondary data. The research was carried out for the period from 2007 to 2017, with special reference to the calculation of the price of wheat and corn of the genus 2017. In addition to scientific methods, tables will also be used in the presentation of summarized data for the most important crop cultivation that will be processed through the profit and loss account, as well as determining the costs by calculation with rent and without rent in order to determine the ultimate financial result. Based on these quantitative calculations, a review of prices of wheat and maize from 2007 to 2017 was carried out.