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ORGANIZATIONAL AND METHODICAL ASPECTS OF FINANCIAL RESULTS FORMATION IN THE SYSTEM OF MANAGEMENT ACCOUNTING OF AGRICULTURAL ORGANIZATIONS  [2015]

Khromova I. N. Myacheva E. S. Kuban State Agrarian University [Corporate Author]

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The article deals with the essence of the financial results and the need for their operational accounting in economic activities by AIC agents. The authors studied the order of profit formation in agricultural organizations′ management accounting based on industry characteristics, industrial activity specificity, operating cycle duration and management personnel functions. The study proved the need for financial responsibility centers with a view to the most effective organization of business entity management: income centers, cost centers, profit centers. Business entities profit is characterized by its forms and types diversity. As a result of research the authors determined the main classification features according to which this category is considered with better understanding of its economic essence. The accounting financial results will be more objective in the case they timely and present the necessary information for analysis and making management solutions. The authors found that the restriction of income and expenses included in the profit from ordinary activities, determines the need of the development of the alternative accounting within the system of management accounting. The each participant of accounting and analysis provision of financial results formation has particular conditions which cannot be used in traditional accounting or for modern economics analysis. As a result, the authors have carried out an assessment of financial results of
accounting with use of analytical procedures

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Polythematic Online Scientific Journal of Kuban State Agrarian University

ISSN : 1990-4665