International Conference on Eurasian Economies

5-7 October 2017 – Bishkek, KYRGYZSTAN

Paper detail

Paper ID : 2018
Status : Paper published
Language : Russian
Topic : Finance and Financial Crises
Presenter: Prof. Dr. Obolbek Kurmanbekov
Session : 4B Региональные исследования

Accounting Losses in the Calculation Process of Production Costs
Учет Потерь При Попроцессном Калькулировании Производственных Затрат

• Prof. Dr. Obolbek Kurmanbekov (Kyrgyz Russian Slavic University, Kyrgyzstan)

Abstract

The drawback of the traditional approach to accounting for losses from defects is the common accounting. Part of the losses is due to the peculiarity of the production technology, and they must be included in the production costs. To account for excess losses in the calculation of the cost of production unit, it is necessary to add two indicators: the normative and over-standard losses. Suggestions of loss accounting in the process calculating allow one to increase the reliability of determining the cost of production, on the one hand, and, on the other, to generate information necessary for managing production costs.

JEL codes:

Kurmanbekov, Obolbek (2017). "Accounting Losses in the Calculation Process of Production Costs" in Proceedings of International Conference of Eurasian Economies 2017, pp.221-223, Bishkek, KYRGYZSTAN.

DOI: https://doi.org/10.36880/C09.02018

Full paper in PDF format.

Session 4B: Региональные исследования