Abstract:

Production expenses record is instrumental both for accountants and managers of industrial enterprises. It’s so because correct and well-timed expenses record gives a possibility to analyze reasons for rejection to assume the measures for prevention of deterioration of enterprise activity.

Under present-day conditions of enterprise functioning the usage of normative method of production expenses record and cost accounting  may lead to higher demands for  enterprise activity and in whole and also its units. The principles of normative method of production expenses record promote effective management of production costs, provision with competitive advantages and at a later date enterprise development in a direction of manufacturing flexibility.