Development of Methodological Foundations for Stating the Cost of Agricultural Products
- DOI
- 10.2991/aebmr.k.200729.055How to use a DOI?
- Keywords
- statement of agricultural products’ cost, cost budget, provisory costing, actual costing, long production cycle
- Abstract
The key task of managing the production of a modern economic entity is to minimize the labor product cost. Its value, in turn, is determined by choosing the method of cost accounting and calculating the labor product cost, depending on characteristics of the production process. The current methodological approach to planning production costs and the use of calculated indicators does not meet agricultural conditions and requires significant adjustments. The proposed reorientation of the general methodological approach to planning and cost accounting and determining the cost of agricultural production involves fundamental changes in determining reporting periods of production. The article substantiates the need to revise the timing of the implementation of budget, provisory and actual costing in agricultural organizations. An example of the preparation and adjustment of the cost budget of production costs is presented, which may be used to prepare the relevant budget documentation. The implementation of the proposed approach helps to improve the accuracy of accounting information about the planned and actual cost and will also make optimization and efficiency of control functions and management decisions possible.
- Copyright
- © 2020, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - E.P. Polikarpova AU - I.E. Mizikovskiy PY - 2020 DA - 2020/07/30 TI - Development of Methodological Foundations for Stating the Cost of Agricultural Products BT - Proceedings of the International Conference on Policies and Economics Measures for Agricultural Development (AgroDevEco 2020) PB - Atlantis Press SP - 290 EP - 295 SN - 2352-5428 UR - https://doi.org/10.2991/aebmr.k.200729.055 DO - 10.2991/aebmr.k.200729.055 ID - Polikarpova2020 ER -