Abstract
In this paper the use of technique for analyzing in horse breeding is studied, which allows to simplify accountingand analytical support of cost management and control the amount of profit as a result of changes in variablecosts, selling prices and product mix of the given industry. Mastering this method, an accountant is able to modelvarious combinations of sales, costs and profits, choosing the one most suitable. When planning for a range ofproducts to be realized, the management decision was proposed to withdraw unprofitable product - horse meatfrom production. As a result of these calculations, it was found that this management decision was correct. Thewithdrawal of horse meat from production will improve the financial position of koumiss farm and lead toincreased profits.
Highlights
IntroductionOrganization management requires formation of objective, timely and authentic information
In present economic conditions, organization management requires formation of objective, timely and authentic information
Management accounting system and cost analysis give an opportunity in preparing the accounting and analytical information on the cost for the right management solutions guided by the desire to maximize profits, monitor their performance and efficiency
Summary
Organization management requires formation of objective, timely and authentic information. Management accounting system and cost analysis give an opportunity in preparing the accounting and analytical information on the cost for the right management solutions guided by the desire to maximize profits, monitor their performance and efficiency. This happens due to the ever-changing situation on the market of agricultural products, the advent of new technologies, expanding the list and improving the quality of agricultural activities and services. The enterprises of horse breeding sector can achieve their goals and gain competitive advantages through the use of modern methods of cost management, which requires managers to improve the quality of their decisions. The management decisions quality issue in modern conditions has been transformed into the issue of providing the high level of information awareness for management subjects
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