The Economic Essence of the Category of «Costs» as an Object of Accounting and Internal Control
The purpose of the article is to disclose the economic essence of the category of «costs» as an object of accounting and internal control. A number of approaches to defining the economic essence of the concepts of «costs», «control» and «internal control» have been allocated. In the course of the st...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Research Centre of Industrial Problems of Development of NAS of Ukraine
2017-11-01
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| Series: | Bìznes Inform |
| Subjects: | |
| Online Access: | http://www.business-inform.net/export_pdf/business-inform-2017-11_0-pages-24_30.pdf |
| _version_ | 1819077187783884800 |
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| author | Zhadan Tetiana A. Kulish Oleksandra О. |
| author_facet | Zhadan Tetiana A. Kulish Oleksandra О. |
| author_sort | Zhadan Tetiana A. |
| collection | DOAJ |
| description | The purpose of the article is to disclose the economic essence of the category of «costs» as an object of accounting and internal control. A number of approaches to defining the economic essence of the concepts of «costs», «control» and «internal control» have been allocated. In the course of the study it was found that the most common approaches to interpretation of the concept of «costs» is the disclosure of its essence from the standpoints of economic theory and accounting; concepts of «control» and «internal control» – from the standpoints of functional, systemic and process approaches. The authors’ own definition of the synthesis concept of «internal control of costs» has been proposed, which suggests understanding it as the system of control measures, observations and procedures aimed at identifying deviations in the accounting of costs of enterprise, establishing legitimacy, validity, rationality, efficiency and economic feasibility of their implementation with a view to preventing and exclusion such deviations and unjustified losses in the future. Prospect for further researches in this direction is search of efficient forms, methods and instruments for management of costs of enterprise. |
| first_indexed | 2024-12-21T18:53:13Z |
| format | Article |
| id | doaj.art-90b68b4f71cb4baba21a6c9d7729570f |
| institution | Directory Open Access Journal |
| issn | 2222-4459 2311-116X |
| language | English |
| last_indexed | 2024-12-21T18:53:13Z |
| publishDate | 2017-11-01 |
| publisher | Research Centre of Industrial Problems of Development of NAS of Ukraine |
| record_format | Article |
| series | Bìznes Inform |
| spelling | doaj.art-90b68b4f71cb4baba21a6c9d7729570f2022-12-21T18:53:42ZengResearch Centre of Industrial Problems of Development of NAS of UkraineBìznes Inform2222-44592311-116X2017-11-01114782430The Economic Essence of the Category of «Costs» as an Object of Accounting and Internal ControlZhadan Tetiana A.0Kulish Oleksandra О. 1Candidate of Sciences (Economics), Associate Professor, Department of Economic Analysis and Accounting, National Technical University «Kharkiv Polytechnic Institute»Master, Department of Economic Analysis and Accounting, National Technical University «Kharkiv Polytechnic Institute» The purpose of the article is to disclose the economic essence of the category of «costs» as an object of accounting and internal control. A number of approaches to defining the economic essence of the concepts of «costs», «control» and «internal control» have been allocated. In the course of the study it was found that the most common approaches to interpretation of the concept of «costs» is the disclosure of its essence from the standpoints of economic theory and accounting; concepts of «control» and «internal control» – from the standpoints of functional, systemic and process approaches. The authors’ own definition of the synthesis concept of «internal control of costs» has been proposed, which suggests understanding it as the system of control measures, observations and procedures aimed at identifying deviations in the accounting of costs of enterprise, establishing legitimacy, validity, rationality, efficiency and economic feasibility of their implementation with a view to preventing and exclusion such deviations and unjustified losses in the future. Prospect for further researches in this direction is search of efficient forms, methods and instruments for management of costs of enterprise.http://www.business-inform.net/export_pdf/business-inform-2017-11_0-pages-24_30.pdfcostscontrolinternal controlinternal control of costs |
| spellingShingle | Zhadan Tetiana A. Kulish Oleksandra О. The Economic Essence of the Category of «Costs» as an Object of Accounting and Internal Control Bìznes Inform costs control internal control internal control of costs |
| title | The Economic Essence of the Category of «Costs» as an Object of Accounting and Internal Control |
| title_full | The Economic Essence of the Category of «Costs» as an Object of Accounting and Internal Control |
| title_fullStr | The Economic Essence of the Category of «Costs» as an Object of Accounting and Internal Control |
| title_full_unstemmed | The Economic Essence of the Category of «Costs» as an Object of Accounting and Internal Control |
| title_short | The Economic Essence of the Category of «Costs» as an Object of Accounting and Internal Control |
| title_sort | economic essence of the category of costs as an object of accounting and internal control |
| topic | costs control internal control internal control of costs |
| url | http://www.business-inform.net/export_pdf/business-inform-2017-11_0-pages-24_30.pdf |
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