The use of an integrated system of accounts for management accounting

  • M. Bayandin Kostanay Engineering-Economic University named after M. Dulatov
  • G. Sarsembayeva Kostanay Engineering-Economic University named after M. Dulatov
  • G. Makhmutova Kostanay Engineering-Economic University named after M. Dulatov
  • Sh. Yessenzholova Kostanay Engineering-Economic University named after M. Dulatov

Abstract

This article sets out the author’s position on the possibility of using integrated accounts in crop productionto keep track of the costs of agricultural activities in the industry in order to help the administrationin making effective management decisions.The aim of the study is to develop a system of analytical accounts for the process accounting ofproduction costs of the crop industry.The methodological basis of the work was general scientific principles and research methods: analytical,logical, monographic methods, as well as groupings and comparisons.From the perspective of an integrated approach, the article used the research of modern scientistsin the field of managerial accounting in agricultural enterprises, as a result, the author developed andpresented the structure of the codes of the system of accounts for cost accounting, the analytical levels inthe application of the normative cost accounting system in grain production, the classification of industrycosts for variables and fixed elements, as well as codes of accounts of deviation accounting for monitoringthe execution of estimates for the purposes of management accounting eta.The results of the study are of theoretical and practical significance and can be recommended foruse in the organization of management accounting in grain production, and the same showed that grainproduction is of strategic importance for ensuring the economic security of the state, therefore, great attentionshould be paid to the key problems of increasing its efficiency – increasing production grain andimprove its quality.It is concluded that the application of the proposed system of synthetic and analytical cost accountingfor agrotechnical measures will provide more detailed information about each responsibility center,which in the future will significantly help in making managerial decisions aimed at improving the efficiencyof grain farms
Published
2020-06-29
How to Cite
BAYANDIN, M. et al. The use of an integrated system of accounts for management accounting. The Journal of Economic Research & Business Administration, [S.l.], v. 132, n. 2, p. 45-55, june 2020. ISSN 2617-7161. Available at: <https://be.kaznu.kz/index.php/math/article/view/2209>. Date accessed: 20 oct. 2020. doi: https://doi.org/10.26577/be.2020.v132.i2.05.
Section
Finance and management accounting: approaches and mechanisms