Accounting Problems of Financial Results in Agricultural Sector

Abstract

Managerial accounting in the food processing organizations currently provides information only on the basis of factual expenditure flows, which does not fully control the cost price formation. Therefore, there is a need to improve the monitoring functions in managerial accounting by establishing accounting of cost flows according to responsibility centers, values of estimates and their deviations. Such reports will promote suitable and timely managerial decision-making and increase the effectiveness of internal control in food processing companies.