Accounting of Overhead Costs at the Agricultural Enterprise Applying ABC Method

Abstract

The subject of the research is current approaches to expenditure records of organizing and managing of an agricultural enterprise production. The goal of research is to improve the overhead costs allocation of an agricultural enterprise taking into account an integrated approach to enterprise cost management. The article describes the main approaches to the costs information generation of organizing and managing production taking into account the specifics of agricultural enterprise activities. In the research the features of accounting and allocation of the enterprise s overhead costs, the main stages of ABC method applying in overhead costs allocation and cost accounting of crop production were determined. The results presented in the research allowed concluding that it is necessary to apply integrated approach to the process of information generating on the costs of production organizing and managing as a result of their impact on the production cost of agricultural products. The research presents the procedure for overhead costs allocation taking into account the proposed ABC method, gives a comparative description of the obtained results and the enterprise actual data, defines methodological approaches to information detailing in the framework of management accounting of an agricultural enterprise.