IMPROVEMENT OF THE METHODOLOGICAL APPROACH TO THE ORGANISATION OF PRODUCTION COST ACCOUNTING

Abstract

The article is concerned with improving the methodical approach to organisation of production cost accounting. In order to formulate the stages of the methodical approach, the article clarifies the differences between production cost accounting and the organisation of such accounting; specifies four principles of organisation of production cost accounting and costing of products, namely: dynamism, continuity, adaptability and compliance; formulates the goal and tasks of organisation of production cost accounting. Thus, the purpose of organising production cost accounting is to create a rational system of cost allocation and accounting, taking into account the technical and economic characteristics of production and organisational capabilities of the enterprise to generate reliable information about the results of its activities. On the basis of defining the purpose, tasks and principles of organisation of production cost accounting, the stages of the proposed methodological approach are formulated. The methodological approach includes the following stages: organisation of the procedure for recognising expenses, organisation of differentiation by classification groups of expenses in general and production expenses, organisation of production expenses assessment, organisation of distribution of general production expenses, organisation of recording information on production expenses in accounting registers and financial statements. When describing the stages of the proposed methodological approach, the article identifies key problems of organisation of recognition, assessment, distribution, timely and reliable reflection of information in primary documents and accounting registers, in the enterprise's reporting on certain types of production costs, and provides ways to solve them. Particular attention is paid to the problems of accounting for general production costs, in particular, the presence of so-called mixed costs (conditionally fixed and conditionally variable), and the author emphasises the regulatory uncertainty of distribution of such costs. The article provides ways to solve these problems. The obtained results of the study will provide a scientific approach to the organisation of production cost accounting in the conditions of manufacturing enterprises in order to manage them and prepare timely and reliable information for the preparation of financial and management reports.