Accounting and Cost Analysis of Production

This work is aimed at research on the basic concepts, legal regulation and basic methods of accounting for production costs and calculating the cost of production. Cost accounting is the most important tool for enterprise management. The need to account for production costs grows as the conditions of economic activity become more complicated and the requirements for profitability increase. Enterprises which enjoy economic independence should have a clear idea of the payback of various types of finished products, the effectiveness of each decision made and their impact on financial results. With the real functioning of market mechanisms, inevitably there is a need to improve and create a clear system of accounting and control of production costs and calculation of production costs. The work is aimed at studying the activities of the company, as well as identifying possible errors and shortcomings in accounting.