Financial Accounting

Account production cost Asya Tumasyan Financial Accounting January 16,2011 Any profit formation aims to make a profit. internet is defined as: Profit = revenue (revenue) - the cost (expenses). Activities of the governing named in the statute as a sepa stray line, is the principal and the cost of its implementation of these activities ar called current expenses. Costs of production and sale of goods (works, services), expressed in monetary terms represent the cost of production (works, services). The presidential term of the accounting costs of production (works, services) on the sideline principles: - perpetually adopted the methodology of cost accounting for production; - completeness of arrangement all business transactions; - proper reflection of income and expending reporting periods; - distinction in accounting for current costs of production, capital investments and financial investments. Composition of the product cost is firm by the technology and production organization and is governed by the following regulations:- Guidelines (for planning, recording and calculation of production cost, developed by the sectoral ministries and departments, to lay outher with professional social organization; - accounting policy.

Through rate cost the nominate carries out its financial and social policies. The state sets different standards and regulations on the costs included in cost. For example, determines how depreciation, establishes the fall of deductions for social needs, etc. For proper organization of accounting of production costs is important to the classification of costs. Costs are classified on the following grounds. I. The place of origin: - Cost of workshops; - cost of prop up; - costs of production.This classification provides a calculation ofcost of production , releasedparts of the organization , is the base for calculating the performance of specific divisions . II.... If you want to get a full essay, order it on our website: Ordercustompaper.com

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