Abstract
The particular management accounting lines are considered in the present paper, based on the state and currentpractice of production cost accounting study and calculation of production cost of horse breeding in the analyzedcompanies, to help the enterprise management in making reasonable decisions regarding maintenance of costmanagement in the given industry. The criteria of breakeven point, marginal income, and safety edge can beused for production planning, decision-making on pricing for prediction of enterprise development, in particular,the selection of efficient management strategy of benefits and costs. Having analyzed the possible strategies inmanagement of benefits, costs, one can determine the best options for management decisions (increase of priceand sales volume of koumiss).
Highlights
Management process in modern conditions of the enterprise provided with complete financial and economic independence becomes greatly complicated
The particular management accounting lines are considered in the present paper, based on the state and current practice of production cost accounting study and calculation of production cost of horse breeding in the analyzed companies, to help the enterprise management in making reasonable decisions regarding maintenance of cost management in the given industry
The criteria of breakeven point, marginal income, and safety edge can be used for production planning, decision-making on pricing for prediction of enterprise development, in particular, the selection of efficient management strategy of benefits and costs
Summary
Management process in modern conditions of the enterprise provided with complete financial and economic independence becomes greatly complicated. Financial accounting is not able to provide with full operative information necessary for planning and control as well as for decision-making in non-standard economic situations. These data can be obtained only in the framework of management accounting. At present in horse breeding, a system of full inclusion of expenses in production cost is used This system is traditional and includes all expenditures of the company associated with production and sales of horse breeding products (Nixon, 2012). Accounting as to total cost is important in determining the financial performance of the company, charging taxes. It does not provide all the information necessary for effective cost management. We offer the system of reduced cost "direct costing" to improve accounting
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