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Some Aspects of Developing Company Accounting Policy in Relation to Production Costs

Author

Listed:
  • Oresta Bodnar

    ('Berezhany Agrotechnical Institute' Separate unit of the National University of Life and Environmental Sciences of Ukraine)

Abstract

Transition of domestic enterprises to keeping accounts in compliance with international standards which has already started provides for the requirement for such enterprises to work out an appropriate accounting policy. The accounting policy key element to start with for the purpose of the renovation is production costs accounting. The article highlights some particular aspects of accounting policy concerning product output accounting. Law and scientific approaches to the interpretation of business accounting policy concept as well as understanding of its role in product output accounting organization have been analyzed. Typical structure of the Order on company accounting policy has been provided and terms of making amendments into accounting policy in compliance with international standards have been considered. As the author emphasizes, application of such elements will enable extension of accounting and analytical control over production results and company financial results according to their usage trends.

Suggested Citation

  • Oresta Bodnar, 2014. "Some Aspects of Developing Company Accounting Policy in Relation to Production Costs," Oblik i finansi, Institute of Accounting and Finance, issue 2, pages 14-18, June.
    • Handle: RePEc:iaf:journl:y:2014:i:2:p:14-18
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    File URL: http://www.afj.org.ua/pdf/164-okremi-aspekti-formuvannya-oblikovoi-politiki-pidpriemstva-stosovno-vitrat-na-virobnictvo-produkcii.pdf
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    File URL: http://www.afj.org.ua/en/article/164/
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    More about this item

    Keywords

    accounting policy; international standards; products output; production costs;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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