PARADIGMA COST ACCOUNTING METHODS IN PRODUCTION ECONOMICS OF A SMALL ENTERPRENEUR

Vladimir Grebenar (), Boris Banovic () and Goran Pichler ()
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Vladimir Grebenar: Periska Ltd.
Goran Pichler: Moje Sunce Ltd

Economy of eastern Croatia yesterday, today, tommorow, 2015, vol. 4, 305-314

Abstract: This paper illustrates the method of calculating of production economics of a small entrepreneur who applies single-entry accounting. Based on a business case of a small family farm business, the authors compare three different reports on production economics calculated on the basis of the outlined methodological approach. The authors apply singleentry and double-entry accounting techniques, managerial accounting techniques (Volume Based Costing and Activity Based Costing methods) and techniques of financial analysis. This paper proves the necessity of keeping detailed record of assets used in the production process in cases when different calculation methods are applied, and when the applying of a certain method depends on the quality of the informational basis. This paper also proves the reliability of the outlined methodological approach for determining of accurate data on production economics based on single-entry-accounting information.

Keywords: single-entry accounting; double-entry accounting; ABC method; VBC method; small entrepreneur (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:osi:eecytt:v:4:y:2015:p:305-314

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