Accounting Support for Cost Management in Milk-Processing Companies

Maryna Pravdyuk
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Maryna Pravdyuk: Vinnytsia National Agrarian University, Vinnytsia, Ukraine

Oblik i finansi, 2015, issue 4, 46-52

Abstract: The purpose of the study lies in substantiation of organizational and methodological provisions, and development of practical recommendations for improvement of accounting support in cost management of domestic milk-processing companies. The status and trends of the Ukrainian milk-processing industry are analyzed. The problematic aspects are outlined in activities of the industry companies in the context of present-day social and economic transformations. It is grounded that to level the negative factors of external medium, it is necessary to work out advanced approaches to company cost management which are based on true accounting and information support. It is shown that build-up of efficient model for cost accounting in milk-processing companies requires that important tasks be carried out which envisage scientifically grounded classification of production costs, substantiation whether it is reasonable to separate calculation items, selection of optimal cost accounting methods and calculation of production cost. The basis was proposed for distribution of indirect costs, which takes into consideration the specificity of the present-day milk-processing companies and ensures true calculation of production cost.

Keywords: cost accounting; classification of cost; unit costs; cost centre; milk-processing industry (search for similar items in EconPapers)
JEL-codes: M41 (search for similar items in EconPapers)
Date: 2015
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