COST ACCOUNTING AND PRODUCT COST CALCULATOR: SEARCHING FOR WAYS OF IMPROVEMENT

Abstract

Cost accounting in production has a fundamental position in accounting. This is, first of all, control over the production activities of the enterprise, which allows you to manage the organization’s costs and obtain basic information for the daily needs of management accounting. By automating cost accounting, you can achieve more flexible controllability, lower costs, and reduce labor costs for performing individual operations. The purpose of the work is to develop measures to improve accounting for production costs and cost calculation. The methodology outlined in the article and approaches to improvement can be useful to managers and accountants of industrial enterprises. During the research process, the following research methods were used: analysis, observation, generalization and classification of information, specification, empirical methods, analogy, formalization. The practical significance of the research results is that the use of the developed recommendations will help improve the organization of cost accounting and calculation of product costs in industrial enterprises. The recommendations presented in the article can be used when delivering lectures and seminars on financial and management accounting.