Pasternak J. Accounting and cost analysis of the principal activity: organization and methodology

Purpose of research: theoretical grounding and scientific development of the recommendations on improving organization and methods of accounting and economic analysis of the ordinary activity costs of the enterprises of paint and varnish industry. Object of research: process of forming and allocating ordinary activity costs of the enterprises of paint and varnish industry. Subject of research: theoretical and methodic issues of accounting and economic analysis of the ordinary activity costs. Methods of research: dialectic method, grouping, comparison, abstract and logical method, analysis, synthesis, economic and mathematical modeling, graphic method. Scientific novelty of the results obtained lies in the grounding of the theoretical statements and working out of the recommendations on improving organization and methods of accounting and economic analysis of the ordinary activity costs. The main statements of scientific novelty of the results obtained lie in the following: for the first time the issues as follows have been obtained: theoretical grounding of applying normative-rerolling method of accounting for the ordinary activity costs at the enterprises of paint and varnish industry and calculating of the prime-cost of output by semi-finished goods method, which is developed taking into consideration the impact of organizational and technological factors of activity; the issues have been improved as follows: costing process on the basis of grouping costing items of the prime-cost of output for the enterprises of paint and varnish industry; methodic approaches towards accounting for the self-produced semi finished goods sold and writing off to retained earnings of the undistributed overheads on condition that the goods haven't been sold in the accounting period in order to form reliable information on the period costs; costs classification at the enterprises of paint and varnish industry by the features as follows: 1) for information disclosure in the financial statements; 2) for meeting managerial needs, carrying out of the economic analyses and performing controls which enables to refine information on costs in financial reporting; methodic approaches towards carrying out of the on-line economic analysis of costs on paint and varnish goods in process according to the indexes of the reported cost sheet; the following issues undergone further development: interpretation of the concepts "costs" and "expenses" by determining the discrepancies in their meanings which eliminates the unconventionality of conceptual apparatus; constituents of organization of external and internal economic analysis of the ordinary activity costs, which take into account the division of the accounting system into financial and managerial ones. Implementation extent: research results have been implemented into the practice of PLC "Cherkassy chemicals plant "Syntez", entrepreneurship "Commercial manufacturing-technical firm "Kolor", PLC "Avrora". Separate results of research have been implemented in the educational process of Cherkassy State Technological University.