Development of Accounting and Analytical Provision of Cost Calculation for the Stages of the Product Life Cycle

Svitlana Kuznetsova () and Iryna Tykhanska ()
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Svitlana Kuznetsova: Kharkiv Institute of Trade and Economics of Kyiv National University of Trade and Economics, Kharkiv, Ukraine
Iryna Tykhanska: Kharkiv Institute of Trade and Economics of Kyiv National University of Trade and Economics, Kharkiv, Ukraine

Oblik i finansi, 2017, issue 3, 38-45

Abstract: The purpose of the article is the development of organizational and methodological recommendations for cost accounting in the system of cost calculation for the stages of the product life cycle. The principles of the formation and use of analytical accounts for cost accounting at all stages of the product life cycle are revealed. The methodology of distribution and accounting of production costs, general expenses, revenues from operating activities and financial results is described. The model of cost accounting and cost calculation according to the product life cycle stages was developed. The proposed method of accounting for expenses during the stages of the product life cycle increases the analyticality of accounting information about costs, allows to control the efficiency of the production process, that is, provides a full implementation of the control and analytical functions of accounting in the enterprise. The methodology is developed taking into account the peculiarities of the production process at the enterprises of the food industry, but on the basis of it, the cost accounting for the stages of the product life cycle in other sectors of the national economy can be substantiated and organized.

Keywords: cost accounting; product life cycle; costing; cost allocation and grouping; control (search for similar items in EconPapers)
JEL-codes: M41 (search for similar items in EconPapers)
Date: 2017
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