Cost accounting in the horse breeding industry of Kazakhstan improving due to international standards

Economic Annals-ХХI: Volume 150, Issue 3-4(2), Pages: 75-78

Citation information:
Berdimurat, N. (2015). Cost accounting in the horse breeding industry of Kazakhstan improving due to international standards. Economic Annals-XXI, 3-4(2), 75-78. https://ea21journal.world/index.php/ea-v150-18/

Nazimgul Berdimurat
PhD Student,
Turar Ryskulov New University of Economics
55 Jandosov Str., Almaty, 050035, Kazakhstan
cip@kuef.kz

Cost accounting in the horse breeding industry of Kazakhstan improving due to international standards

Abstract. Purpose. There is the need for cost accounting improvement in the horse breeding pasture with accounting groups division. The classification of horse pastures development for cost accounting and yield on cost center with the appointment of a responsible person for costs should be considered. The document on the posting of mare’s milk is aimed to be formed.

Results. Taking into consideration the existing shortcomings in cost accounting and reporting of horse breeding, the improvement of cost accounting for cost centers and responsibility centers has been proposed. In order to form the organization of management accounting techniques, there has been developed and proposed by the author the original document to integrate reusable mares milking, which is called «Journal of milk yield accounting». In order to implement cost accounting by cost centers and by current outlays, the methodology has been also developed for the responsibility centers and cost centers and a «ledger book» on mare’s milking has been offered.

Conclusion. Improvements of cost accounting methods must be used in decision-making management for the development of industries. All of the above is necessary for fair costs and production costs calculation. We offer the primary document and journal of work that create opportunities to reflect the costs of current outlays according to the type of work and to make managerial decisions in costs optimization.

Keywords: Productive Pasture Breeding; Cost Management; Cost Optimization Method; International Financial Report Standards

JEL Classification: Q10; Q11; Q16

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Received 05.02.2015