Organising the Accounting Activity within Entities in the Production Field (I)
Number 2, February 2020 » Management accounting
Abstract: Production is the activity that supports a sustainable development of society, which is why the rigorous organizing of the accounting activity represents an important objective for any firm’s manager. This article illustrates relevant aspects regarding: checking and inventorying raw materials and products within the economic cycle, as well as organizing analytic and synthetic accounting of final products, semi-products and current production according to current accounting regulations. We are considering the organisation of the accounting activity according to the phases of the economic cycle: providing raw materials, processing them and packing. Furthermore, we present the supporting documents used and the monography of the specific accounting operations through the means of a case study.
Keywords: final products, current production, inventory, standard cost, actual cost
Classification JEL: M41, D24 | Pages: 10-18
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