Classification and modeling of integrated accounting and planning of costs for the production of agricultural products

2021 ◽  
pp. 20-30
Author(s):  
Rolan Arkhipovich Alborov ◽  
Lyudmila Ivanovna Khoruzhy ◽  
Svetlana Mikhailovna Kontsevaya ◽  
Gregory Rolanovich Alborov
Keyword(s):  
Cost Management ◽  
Management Accounting ◽  
Transfer Pricing ◽  
Fair Value ◽  
Agricultural Products ◽  
Agricultural Activity ◽  
Total Production ◽  
Net Income ◽  
Cost Planning ◽  
Planning Methods

Agricultural activity is a complex process where various resources, organizational forms of production, labor and payment are used. In this regard, the issues of the development of cost management for the production of agricultural products and the results of its production are becoming topical. A special place in the development of cost management for the production of agricultural products is occupied by management accounting of these costs, as well as their control and analysis. Therefore, the article has improved the classification of costs in agriculture based on the operation of basic economic laws and the practical need for management accounting and planning. Methods for determining the total production cost of products, gross (marginal) income, operating net income, operating profit are proposed. A model of the integrated organization of accounting and cost planning in the agricultural management system has been developed. A methodology for establishing fair value and transfer pricing for agricultural products, as well as a method for accounting for these products, is proposed.

Management aspects of accounting for biological assets and agricultural products

2020 ◽  
pp. 8-18
Author(s):  
Rolan Alborov ◽  
Lyudmila Khoruzhy ◽  
Stanislava Kontsevaya ◽  
Gregory Kontsevoy
Keyword(s):  
Fair Value ◽  
Agricultural Products ◽  
Agricultural Activity ◽  
Control Functions ◽  
Economic Decisions ◽  
Strategic Direction ◽  
Agricultural Organizations ◽  
Government Grant ◽  
Methodological Aspects ◽  
And Control

Agricultural activity is a strategic direction of the work of agricultural organizations, ensuring food independence and security of the country. In this regard, in modern conditions there is an objective need to improve the management of biotransformation of biological assets and its accounting and control functions. The work defines the objects of management and accounting of agricultural activity: biological assets; agricultural products; income, expenses and financial results from biotransformation of biological assets; government grant related to a biological asset measured at fair value less costs to sell. Recommendations are proposed on the determination and analysis of changes in the fair value of biological assets less costs to sell due to changes in unit prices and the amount of these assets. In addition, methodological aspects of monitoring the effectiveness of the use of biological assets and the production of agricultural products collected from them are identified. Each of these indicators provides indicative indicators, methods of calculation and comparison with similar indicators of the base period or planning. The following are methods for determining individual indicators from the proposed system that allow organization managers at all levels of internal management to make scientifically sound economic decisions to improve the efficiency of the processes of biological transformation of biological assets and agricultural production in agricultural organizations.

EFFICIENT COST MANAGEMENT AS AN IMPORTANT FACTOR OF INCREASING THE COMPETITIVENESS OF THE ECONOMIC SUBJECT

2020 ◽  
Keyword(s):  
Management System ◽  
Structural Model ◽  
Driving Forces ◽  
Cost Management ◽  
Management Accounting ◽  
Practical Significance ◽  
Research Centre ◽  
Experimental Investigations ◽  
Sources Of Information ◽  
Interactive Approach

The research is actual, has a theoretical and applied nature. Theoretical developments at cost management branch of economic organization were illustrated by practical examples. In the work the follow methods are used: abstract-logical, methods of induction and deduction, system and situate approaches, methods of comparative analysis, analysis of breakeven, monographic analysis. The follow sources of information were used: literature, the results of the experimental investigations, carried out in Verkh-nevolzhsky Federal Agrarian Research Centre, observations, carried out at an agricultural organization. Theoretical structural model of cost management was created in a functional way, relationship between elements were designated in it, as well as driving forces of its realization were determined. Such terms as “cost management ” and «management accounting» were specified. The paradigm of a relation to cost process was described. Approaches to realization of cost management system of organization on the basis offlexibility principle were developed. The most important of them are: application of applied programs packages and special program means for computer, organization of feedback, account of functional relationship of cost with production results, cost accounting on elements, places of origin, carriers and centers of responsibility, as well as interactive approach. Some examples which show possibilities of using some instruments of cost management and management accounting for generation of management solutions were described. These instruments are: analysis and planning on the basis of standards of constant and variable costs and flexible cost management in interrelations to other subsystems in management system of organization (in this case it is with technology management. The work is of theoretical and practical significance.

Risk-Relevance of Fair-Value Income Measures for Commercial Banks

2006 ◽  
Vol 81 (2) ◽  
pp. 337-375 ◽  
Author(s):  
Leslie D. Hodder ◽  
Patrick E. Hopkins ◽  
James M. Wahlen
Keyword(s):  
Standard Deviation ◽  
Stock Returns ◽  
Commercial Banks ◽  
Fair Value ◽  
Net Income ◽  
Income Volatility ◽  
Expected Return ◽  
Market Pricing ◽  
Share Prices ◽  
Comprehensive Income

We investigate the risk relevance of the standard deviation of three performance measures: net income, comprehensive income, and a constructed measure of full-fair-value income for a sample of 202 U.S. commercial banks from 1996 to 2004. We find that, for the average sample bank, the volatility of full-fair-value income is more than three times that of comprehensive income and more than five times that of net income. We find that the incremental volatility in full-fair-value income (beyond the volatility of net income and comprehensive income) is positively related to marketmodel beta, the standard deviation in stock returns, and long-term interest-rate beta. Further, we predict and find that the incremental volatility in full-fair-value income (1) negatively moderates the relation between abnormal earnings and banks' share prices and (2) positively affects the expected return implicit in bank share prices. Our findings suggest full-fair-value income volatility reflects elements of risk that are not captured by volatility in net income or comprehensive income, and relates more closely to capital-market pricing of that risk than either net-income volatility or comprehensiveincome volatility.

scholarly journals Cycle-oriented approach to building a model of production costs

2020 ◽  
Vol 17 ◽  
pp. 00124
Author(s):  
Elena P. Polikarpova ◽  
Igor E. Mizikovskiy
Keyword(s):  
Cost Management ◽  
Modern Science ◽  
Management Control ◽  
Point Of View ◽  
Production Costs ◽  
Production Cycle ◽  
Agricultural Activity ◽  
Management Tools ◽  
Agricultural Enterprises ◽  
Oriented Approach

Modern science and practice does not have a sufficient set of cost management tools, taking into account the duration of the production cycle, characteristic of agricultural activity. The implementation of a cycle-oriented approach to building a model of production costs was based on studying the existing options for classifying production costs, which were supplemented with features from the perspective of managing long production cycles. As a result of the study, a model of production costs was built from the point of view of a cycle-oriented approach, as well as a model of production costs from the standpoint of features of a long production cycle. The model can serve as the basis for the formation of the information space of cost management, control and cost analysis in the economy of agricultural enterprises.

Application of transfer pricing as a management accounting tool in the project management system

2021 ◽  
pp. 43-53
Author(s):  
N. P. Agafonova
Keyword(s):  
Project Management ◽  
Management Accounting ◽  
Transfer Pricing ◽  
Information Support ◽  
Sufficient Information ◽  
Project Management System ◽  
Management Concept ◽  
Modern Economic ◽  
High Level ◽  
The Cost

Modern economic conditions, due to the high level of competition, lead to the need to search for internal reserves to improve the efficiency of economic entities, one of the solutions to this problem can be considered the application of the management concept “project management”. However, its full implementation is impossible without sufficient information support, which is eliminated as a result of the use of various management accounting tools, one of which is transfer pricing. The article presents the results of a study on the use of transfer education in determining the cost of implementing an agricultural project.

AGRICULTURE: THEORY AND CASE LAW

2018 ◽  
Author(s):  
Оlena Stefan ◽  
Keyword(s):  
Agricultural Production ◽  
Agricultural Land ◽  
Agricultural Research ◽  
Direct Analysis ◽  
Case Law ◽  
Agricultural Products ◽  
Agricultural Activity ◽  
Narrow Sense ◽  
Economic Entity ◽  
And Training

The article, based on a comprehensive analysis of regulations, doctrinal approaches and case law, substantiates the understanding of the term "agriculture" in terms of purpose (use) of land. Direct analysis of regulations revealed that agricultural land is land provided for agricultural production, agricultural research and training activities, location of relevant production infrastructure, including infrastructure of wholesale markets for agricultural products, or intended for these purposes. In turn, the purpose of the land is the permissible limits of land use by citizens and legal entities (acquirers of such a right) established by law and specified by the relevant body (which transfers such land into ownership or use). The basis for determining the purpose of the land is its belonging to the appropriate category. The main criterion, for example, to distinguish agricultural production (agricultural activity) from other activities is the use of agricultural land as the main (basic) means of production. As a result of the study, it was concluded that the term "agriculture" can be understood in its broad and narrow sense. In a broad sense, the term "agriculture" is the use of land for commercial agricultural production, farming, personal farming, subsidiary agriculture, individual and collective gardening, haymaking and cattle grazing, for research and training purposes, provision of services in agriculture, placement of infrastructure of wholesale markets for agricultural products, as well as other activities on agricultural land, depending on the activities provided by law and the constituent documents of the economic entity. In a narrow sense – this is the purpose of agricultural land. The understanding of the term "agriculture" as the purpose of agricultural land is used by the court in resolving disputes.

Full-Cost Transfer Pricing and Cost Management

2016 ◽  
Vol 28 (3) ◽  
pp. 63-81 ◽  
Author(s):  
Jan Bouwens ◽  
Bert Steens
Keyword(s):  
Cost Management ◽  
Transfer Pricing ◽  
Data Availability ◽  
Credible Commitment ◽  
Risk Of Falling ◽  
Full Cost ◽  
Cost Cutting ◽  
Death Spiral ◽  
Transfer Prices ◽  
Jel Classifications

ABSTRACT Full-cost transfer pricing has been criticized for providing production units with insufficient incentives to economize. Our empirical study based on data from a large producer of consumer goods shows that charging full-cost transfer prices to downstream sales units can send upstream production units into a death spiral. However, our results also suggest that production units reduce costs to prevent the death spiral. We observe that managers focus their cost-cutting efforts on unit variable costs and on products with the best sales prospects. These results also suggest that, when production units are at risk of falling into a death spiral, full-cost transfer pricing can serve as a credible commitment device to motivate managers to reduce costs. JEL Classifications: D24; M31; M41; M50. Data Availability: We were given the opportunity to work with a company's proprietary database that contains sensitive and classified data that cannot be disclosed due to a non-disclosure agreement. At the start of our research, the company agreed to be referred to as Carepro, which is fictitious and does not correspond to any other existing company with that same or a similar name.

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