Visnyk LNAU: Economics of AIC 2019 №26: 113-118
National and international practice of the cost of production of plant products and methods of calculation
Tsitska N., PhD
Matskiv H., PhD
Maletska О. PhD
Lviv National Agrarian University
https://doi.org/10.31734/economics2019.26.113
Annotation
The article determines results of economic activity of agricultural production, both by the enterprises, and by separate production divisions, as well as by individual types of agricultural finished products, comparing income and expenses. Agricultural producers receive the most important share of their cash income from the sale of crop products. Therefore, much attention is paid to the issues of cost accounting and methods of calculating in crop production.
The work considers economic content of the category "expenses" in the main national and international legal acts. The necessity of rationally organized accounting of expenses for the production of agrarian products and its timely and correct calculation is substantiated by the authors.
The study presents division of cost accounting into traditional and borrowed ones. The research highlights the essence of the existing domestic production practices, methods of accounting for production costs, with the possibility of their application in agricultural production, in particular, in the production of crop production. The authors of the article specifies disadvantages and impossibility to apply the process method of accounting for costs in this area. It is established that the most practical application in the sphere of agrarian production is secured by two methods of cost accounting: the actual method and the method of standard costs.
The expediency of the transition and application of international accounting and reporting standards in the registration of agricultural enterprises is argues in the work. The research reveals the economic content of two foreign methods of cost accounting, i.e. "the nature of expenses" and "cost functions", and proves the identity of the first international method with the national method of accounting for expenses by elements.
Key words
costs, method, costing, international financial reporting standards
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Link
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Article received 21.06.2019.
