Features of calculation of period costs in organizations of the construction industry

Abstract

The article discusses the features of calculating the costs of the period in the field of construction. The quality of any constructed construction object, compliance of its parameters with the established standards directly depends on the building materials used for the construction of the structure. To improve the efficiency of the construction industry, timely receipt of reliable information about construction costs is of great importance. On the basis of information about costs, current difficulties and organizational and technical problems of the organization are solved and regulated, management decisions are made in many strategic directions. Cost accounting is not limited to the exact calculation of the actual cost of products produced, services rendered, it also allows the organization to be competitive in the market. The results of the study of the accounting of expenses of the period indicate the impact on the renewal of the management system in the organization. The main difference between the new production accounting system is the division of indirect costs of the organization into overhead and recurring costs. Overhead costs arise in connection with the maintenance of the main production and are included in the cost of production in the management accounting system, and the expenses of the period are accounted for in the financial accounting system, they are not included in the cost of production. Thus, there is a problem of distinguishing the expenses of the period from the composition of the overhead costs of construction organizations. Therefore, today, in the process of improving the quality of construction and increasing efficiency in the organization, a special place is occupied by the expenses of the period.

Keywords: general and administrative expenses, indirect expenses, overhead expenses, expenses for the period, international financial reporting standards