Analysis and Auditing of Production Costs According to Accounting Information in Industrial Companies
DOI:
https://doi.org/10.17533/udea.le.n104a358182Keywords:
Management accounting, accounting system, analysis, costs, industrial contracting companiesAbstract
This paper aims to investigate production costs in industrial companies and verify actual costs through planned cost indicators to improve inventory operations management. The issues related to methodological aspects were identified as separate sections in the management accounting regulation, and through the descriptive systematic analysis, the management accounting accounts were developed, and their interaction with the financial accounting accounts was presented. According to the results of this research paper, the relationship between the development and organization of management accounting techniques, accounting items and accounting units has been proven for the information it provides to managers at various levels by measuring the effectiveness of decision-making and monitoring and evaluating the performance of internal structural units. This has resulted in increased profitability and improved efficiency, as indicated by inventory and cost management. Our proposal facilitated the analysis of the standardized management-reporting guide for production costs in industrial enterprises and verification during the audit of finished products received to be shipped and sold to markets. It serves as a basic criterion for classifying business transactions related to auditing finished products and their sales, thereby improving inventory management.
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