Problematic Issues of Cost Accounting Policies in Russian Companies

DOI

10.2991/icaat-16.2016.22How to use a DOI?

Keywords

Policy, management decisions, cost accounting

Abstract

Cost information forms the basis for a range of business decision-making and is also needed for financial reporting. The requirements to such information are differentiated, which leads to the need for application of costing methods and procedures, with their variants established in internal company regulations. This paper presents the results of a study aiming to prove the research question about insufficient regulation of costing procedures in contemporary Russia, which results in risks of making inefficient managerial decisions due to presentation of irrelevant information. The paper substantiates the conclusion that accounting policies present a narrow and non-alternative list of items related to costing. Reasons behind this phenomenon are analysed and organized by factors. The paper suggests developing cost accounting policies for companies on the grounds of necessary conditions and key parameters.

Copyright

© 2016, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Olga D. Kaverina
AU  - Polina M. Lebedeva
AU  - Tatiana O. Terenteva
PY  - 2016/12
DA  - 2016/12
TI  - Problematic Issues of Cost Accounting Policies in Russian Companies
BT  - Proceedings of the 5th International Conference on Accounting, Auditing, and Taxation (ICAAT 2016)
PB  - Atlantis Press
SP  - 213
EP  - 221
SN  - 2352-5428
UR  - https://doi.org/10.2991/icaat-16.2016.22
DO  - 10.2991/icaat-16.2016.22
ID  - Kaverina2016/12
ER  -