FORMATION OF COST ACCOUNTING POLICY AT GAS SUPPLY AND GASIFICATION COMPANIES
Journal Title: Проблеми системного підходу в економіці - Year 2018, Vol 1, Issue 63
Abstract
Significance of accounting policy for the proper organisation of the accounting process in the area of enterprise costs involves maintenance of maximization of the informational value of accounting department to obtain, process, and provide to interested users the data on volumes, dynamics, impact of costs on the final financial results and property status of the enterprise through the formation of an effective methodology for their accounting on the basis of generally accepted rules and principles and taking into account the needs and requirements of managerial personnel. The purpose of the article is to study the current state and problems of accounting policy formation given the features of the organisation of the accounting process regarding the costs of domestic enterprises of gas supply and gas services in order to substantiate possibilities for its improvement. Analysis of legal and regulatory framework has shown that there are no fundamental differences in the definition of the concept of “accounting policy” according to national and international standards, however, the amendments made to the Law of Ukraine “On Accounting and Financial Reporting in Ukraine” in 2017 expanded the organisational and methodological influence of the accounting policy on issues related not only to the preparation and submission of financial statements but also to the accounting as a whole. Taking into account the organisational and technological features of activity and accounting at enterprises of gas supply and gasification, Order on Accounting Policy should reflect the following: accounts classes, used to account operating expenses; the method for accounting of ordering costs; cost accounting items; articles of production cost of works, services for each item of cost accounting used in the calculation; list and structure of fixed and variable general production costs; order and base of distribution of general production costs. In our opinion, at the stage of drawing up of operating chart of accounts on expenses of gas supply and gasification companies, it is economically reasonable to use the following nomenclature of subsidiary accounts, opened to account 23 “Production”: 231 “Natural gas transportation costs”, 232 “Natural gas supply costs”, 233 “Liquefied natural gas sales costs”, 234 “Costs of gasification project works”, 235 “Repair costs of gas networks”, 236 “Repair costs of gas appliances”, 237 “Costs of service plants and facilities”, 238 “Costs of internal repair units”, 239 “Other production costs”. Consequently, the accounting policy of costs has a great importance for efficient accounting organisation, because expediency, justification, and specification of the process of cost accounting is necessary for the adoption of management decisions, the establishment of financial results of the enterprise activity and a number of property indicators, the execution of clear tasks by structural units, the calculation of planned and actual effectiveness of organisational and technical measures in regards to the development and improvement of production.
Authors and Affiliations
O. S. Vysochan, O. I. Hrytseliak
Keywords
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