Calculation of the actual cost in the chemical fertilizer industry
The main goal of the research is to present a way of organising the managerial accounting of totally and semi finished product obtained in chemical fertilizer industry entities. For this study, we analyzed the current principle of managerial accounting to an entity in the studied area, in order to e...
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| Format: | Article |
| Language: | English |
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Universitatea din Craiova
2017-12-01
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| Series: | Annals of the University of Craiova: Economic Sciences Series |
| Subjects: | |
| Online Access: | http://feaa.ucv.ro/AUCSSE/0045v1-003.pdf |
| _version_ | 1828487369371680768 |
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| author | Ion Ionescu |
| author_facet | Ion Ionescu |
| author_sort | Ion Ionescu |
| collection | DOAJ |
| description | The main goal of the research is to present a way of organising the managerial accounting of totally and semi finished product obtained in chemical fertilizer industry entities. For this study, we analyzed the current principle of managerial accounting to an entity in the studied area, in order to emphasize the need of organizing and implementing a modern accounting management to control the cost and increase the performance of the entities in this area, starting from the premise that there are sufficient similarities between entities in the field. The research has highlighted the fact that, nowadays, the cost calculation is organized using traditional methods, which focus on the monthly determination of the actual unit cost per product (semi-fabric) and that it is necessary to organize and implement a managerial accounting, based on the use of a modern method, namely the standard cost method combined with cost centre method. The major implications of the proposed system for the researched field are the monthly calculation of actual costs per cost centres, the calculation of the actual cost per product, as the final cost carrier, to be performed over longer periods of time, usually, quarterly. |
| first_indexed | 2024-12-11T09:50:39Z |
| format | Article |
| id | doaj.art-ca4aec360eda49cc9d1d5c80be6610bc |
| institution | Directory Open Access Journal |
| issn | 1223-365X 1843-3723 |
| language | English |
| last_indexed | 2024-12-11T09:50:39Z |
| publishDate | 2017-12-01 |
| publisher | Universitatea din Craiova |
| record_format | Article |
| series | Annals of the University of Craiova: Economic Sciences Series |
| spelling | doaj.art-ca4aec360eda49cc9d1d5c80be6610bc2022-12-22T01:12:26ZengUniversitatea din CraiovaAnnals of the University of Craiova: Economic Sciences Series1223-365X1843-37232017-12-011453951Calculation of the actual cost in the chemical fertilizer industryIon Ionescu0University of Craiova Faculty of Economics and Business AdministrationThe main goal of the research is to present a way of organising the managerial accounting of totally and semi finished product obtained in chemical fertilizer industry entities. For this study, we analyzed the current principle of managerial accounting to an entity in the studied area, in order to emphasize the need of organizing and implementing a modern accounting management to control the cost and increase the performance of the entities in this area, starting from the premise that there are sufficient similarities between entities in the field. The research has highlighted the fact that, nowadays, the cost calculation is organized using traditional methods, which focus on the monthly determination of the actual unit cost per product (semi-fabric) and that it is necessary to organize and implement a managerial accounting, based on the use of a modern method, namely the standard cost method combined with cost centre method. The major implications of the proposed system for the researched field are the monthly calculation of actual costs per cost centres, the calculation of the actual cost per product, as the final cost carrier, to be performed over longer periods of time, usually, quarterly.http://feaa.ucv.ro/AUCSSE/0045v1-003.pdfactual costcost centre calculationproduct calculationcost centres productivecost related centres |
| spellingShingle | Ion Ionescu Calculation of the actual cost in the chemical fertilizer industry Annals of the University of Craiova: Economic Sciences Series actual cost cost centre calculation product calculation cost centres productive cost related centres |
| title | Calculation of the actual cost in the chemical fertilizer industry |
| title_full | Calculation of the actual cost in the chemical fertilizer industry |
| title_fullStr | Calculation of the actual cost in the chemical fertilizer industry |
| title_full_unstemmed | Calculation of the actual cost in the chemical fertilizer industry |
| title_short | Calculation of the actual cost in the chemical fertilizer industry |
| title_sort | calculation of the actual cost in the chemical fertilizer industry |
| topic | actual cost cost centre calculation product calculation cost centres productive cost related centres |
| url | http://feaa.ucv.ro/AUCSSE/0045v1-003.pdf |
| work_keys_str_mv | AT ionionescu calculationoftheactualcostinthechemicalfertilizerindustry |