ORGANIZATION OF ACCOUNTING BY-METALLURGICAL PRODUCTS

Abstract

In the work according to the reliable financial statements of PJSC "Dnipro Metallurgical Plant" a study of the peculiarities of the organization of accounting for the production of by-products of metallurgical products and considered the principles of formation of production costs in the system of accounts. The characteristic of organizational and administrative structure of the metallurgical enterprise is given; the type of activity and assortment of production output are estimated. The basic principles, elements of the accounting policy of the enterprise are studied and the order "About the organization of the account of the metallurgical enterprise" in the part of accounting display of finished metallurgical production is characterized. It is noted that the organization of accounting at a large metallurgical enterprise is formed using an obsolete system of registers - journals-orders, which were introduced into the accounting system in the last century. This approach to the organization of accounting is not a violation of applicable law, but too time-consuming, some transactions in different journals are duplicated, and their paperwork requires additional costs. Regulations on the accounting policy of the plant were approved in accordance with the NP (S) BU and taking into account the provisions of international financial reporting standards IFRS. In the course of the research it was concluded that the accounting of by-products of blast furnace production is carried out simultaneously with the production of basic metallurgical products. Having formed the logs of accounting entries,it is established that by-products are accounted for from production as finished, and then sent to bring to a certain condition back into production. This approach to accounting is irrational and can not adequately reflect the production process. Therefore, the accounting algorithm of improvement of correspondence of the account of by-products is offered in work and accounting records of formation of reliable cost of by-products (slag) are developed.