EXPENSES WITHIN A STEEL ENTERPRISE’S MANAGEMENT SYSTEM

Анотація

The article discloses the accounting and analytical aspect of costs in the enterprise management system. In the production process, material, labor and other own and engaged resources are spent, which causes the occurrence of costs. The amount of incurred costs determines the competitiveness and profitability of the manufactured products, as well as the efficiency of indicators of the production activity of business entities. Management of the company's costs on the basis of the analysis of the elements of operating costs and the constituent items of the planned costing of finished products remains an urgent issue. The investigated metallurgical enterprise is part of the limited liability company «METINVEST HOLDING». In accordance with the legislation of Ukraine, the company maintains records and compiles financial statements according to international financial reporting standards, which ensure transparency and availability of information. It has been found that production is associated with costs, which play an important role in accounting and are of decisive importance in the formation of financial results of the business entity. The authors analyzed the indicators of the financial results of the «Metinvest» Group. The ratio of net debt to EBITDA was calculated, which shows how many years it will take Metinvest Group to repay its debt. Taking into account the production direction of the Private Joint-Stock Company «KAMET-STEEL», the dynamics of the elements of operating costs were determined according to the data of the Reports on the total income. The main tasks of cost accounting are argued and the elements of operating costs in PJSC «KAMET-STEEL» are detailed. It was determined that the biggest increase (negative changes) at the end of the reporting year, compared to the previous one, was material costs. It is proven that the determination of the cost of production is carried out with the help of costing, which is understood as the method of calculating or calculating the cost of a unit of manufactured products and its entire volume. Cost is a monetary expression of costs associated with the production and sale of products. Costing is a form, an accounting calculation, which is presented in tabular form and reflects the costs in monetary terms for the production of a unit of production or its entire volume. The article analyzes the articles of the planned costing of the blast furnace, liquid cast iron section of PJSC «KAMET-STEEL». The importance of calculating the cost price for cost management is summarized, as information is formed based on its data for further analysis in order to find opportunities to improve the efficiency of the company's operational activities.

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