Accounting and Calculation Support for Reducing Losses of Material Resources not Used in the Production Process

Abstract

AbstractToday rational use of internal resources, improvement of techniques, and methods of material flow management, are the main factors in the growth of the economic potential at an enterprise. Effective management of enterprises in the real sector of the economy involves not only prompt identification and elimination of emerging losses but also the development of productive solutions to prevent them. Our study aims to develop information support for making management decisions to identify and identify material losses arising in the production process.The systematization of the movement of materials not used in production and the methodology for calculating their cost characteristics are done at each stage of this process. This has created an environment that minimizes unproductive costs.Institutionalization of calculation developed by the accounting tools and their incorporation into the management accounting systems or manufacturing plant management, will significantly improve the results of their activities to ensure the efficiency of production costs.KeywordsLossesProductionManagement toolsMaterial resourcesReturnsSalesWarehouseDisposalLeave for productionEquipment repairJEL CodesD24M21M41O33