+7 925 966 4690, 9am6pm (GMT+3), Monday – Friday
ИД «Финансы и кредит»

JOURNALS

  

FOR AUTHORS

  

SUBSCRIBE

    
International Accounting
 

Cost accounting: substance and importance

Vol. 18, Iss. 31, AUGUST 2015

Received: 13 August 2015

Accepted: 21 September 2015

Available online: 22 October 2015

Subject Heading: Managerial accounting

JEL Classification: 

Pages: 24-31

Kuvaldina T.B. Omsk State Transport University, Omsk, Russian Federation
kuvaldina2004@mail.ru

Importance Contemporary accountants, economists and top managers of the Russian entities adopted the concept of cost accounting from accounting practices of the Socialist times. Numerous publications and monographs on management accounting consider cost accounting, mainly, in retrospect. In the meantime, cost accounting is a crucial part of the existing information system serving as an information pipeline for such management functions as planning, analysis and evaluation of results, control and regulation.
     Objectives The research intends to investigate the substance, necessity of cost accounting, and its main components for accountants and technical specialists. In this respect, the article overviews the essence of cost accounting concept, identifies users of information that is generated as part of cost accounting, and proposes a cost accounting model of profit-making companies, considering interests of accounting, engineering and technical specialists, managers.
     Methods The research draws upon an analysis, comparison, systematization and generalization of contemporary scientific and training literature on the subject.
     Results The article discloses the substance of cost accounting, specifies users of information that is generated as part of cost accounting, proposes a cost accounting model for profit-making companies and describes cost accounting tools.
     Conclusions and Relevance The proposed cost accounting model of the profit-making company, as seen by accountants, managers and engineering and technical specialists, will allow improving the theoretical framework of management accounting, which comprises cost accounting, effectively managing costs, expenses in order to optimize business operations, maximize profit and make the business more profitable.

Keywords: cost accounting, management accounting, costs, accounting

References:

  1. Adamov N.A. Proizvodstvennyi uchet – osnova upravlencheskogo ucheta v stroitel'stve [Cost accounting is the basis of management accounting in construction]. Auditorskie vedomosti = Audit Journal, 2003, no. 11, pp. 13–17.
  2. Zubenko E.N., Mizikovskii E.A. Sostoyanie proizvodstvennogo ucheta na pivovarennykh predpriyatiyakh [The state of cost accounting in brewing enterprises]. Vektor nauki Tol'yattinskogo gosudarstvennogo universiteta. Ser.: Ekonomika i upravlenie = Vector of Science of Togliatti State University. Series Economics and Management, 2015, no. 1(20), pp. 29–33.
  3. Klychova G.S., Zakirova A.R., Khametova M.V. Organizatsiya proizvodstvennogo ucheta zatrat v konevodstve [Organization of production cost accounting in horse breeding]. Vestnik Kazanskogo gosudarstvennogo agrarnogo universiteta = Vestnik of Kazan State Agrarian University, 2013, no. 2(28), pp. 29–35.
  4. Trubilin I.T., Govdya V.V. Bukhgalterskii proizvodstvennyi uchet v sel'skom khozyaistve: regional'nyi aspekt [Cost accounting in agriculture: regional perspectives]. Krasnodar, KSAU Publ., 2002, 400 p.
  5. Gorlov V.V. Upravlencheskii uchet v stroitel'nykh organizatsiyakh [Management accounting in construction entities]. Auditorskie vedomosti = Audit Journal, 2003, no. 4, pp. 15–23.
  6. Penezeva O.O. Upravlencheskii uchet pozvolyaet sformirovat' strategiyu i taktiku upravleniya kompaniei [Management accounting helps shape the strategy and tactics of corporate governance]. Rossiiskii nalogovyi kur'er = Russian Tax Courier, 2013, no. 20, pp. 43–49.
  7. Sysoev N.I. Otrazhenie zatrat v upravlencheskom uchete [Recognition of costs in management accounting]. Bukhgalterskii uchet = Accounting, 2002, no. 6, pp. 50–54.
  8. Drury C. Vvedenie v upravlencheskii i proizvodstvennyi uchet [Cost and Management Accounting: An Introduction]. Moscow, Audit, YUNITI Publ., 1994, 560 p.
  9. Drury C. Upravlencheskii i proizvodstvennyi uchet [Management and Cost Accounting]. Moscow, YUNITI-DANA Publ., 2009, 419 p.
  10. Horngren Ch.T., Foster G., Datar S.M. Upravlencheskii uchet [Cost Accounting: A Managerial Emphasis]. St. Petersburg, Piter Publ., 2005, 1008 p.
  11. Valebnikova N.V., Vasilevich I.P. Sovremennye tendentsii upravlencheskogo ucheta [Contemporary trends of management accounting]. Bukhgalterskii uchet = Accounting, 2000, no. 18, pp. 53–58.
  12. Kharakoz Yu.K. Informatsionnoe obespechenie upravlencheskogo ucheta [Information support to management accounting]. Auditor = Auditor, 2012, no. 3, pp. 36–39.

View all articles of issue

 

ISSN 2311-9381 (Online)
ISSN 2073-5081 (Print)

Journal current issue

Vol. 27, Iss. 3
March 2024

Archive