Problematic issues of legal regulation and management accounting in construction
DOI:
https://doi.org/10.35774/visnyk2025.01.256Keywords:
accounting, management accounting, regulatory framework, accounting regulation, construction, construction enterprisesAbstract
Introduction. The construction industry plays a crucial role in the Ukrainian economy, particularly in the context of post-war reconstruction, which requires effective accounting and investment control. However, the regulatory framework governing accounting in the construction sector contains inconsistencies that may lead to errors and complicate managerial decision-making.
The purpose of the article. This article aims to analyze scientific literature and regulatory documents on cost accounting for construction enterprises and justify the need for amendments to these regulations.
Results. The study examines the current state of regulatory provisions related to the accounting of construction companies. Proposed amendments and additions to Methodological Recommendations No. 573 aim to align them with the latest regulatory requirements for cost accounting in the construction industry. The analysis clarifies the distinction between the concepts of «cost accounting object» and «costing object,» defining their components within the construction sector. The inclusion of administrative and selling expenses in the total cost of construction and installation works within management accounting is justified to improve the accuracy of financial results and assess the efficiency of business units involved in construction projects. Additionally, the article suggests using the term «expenditures» alongside «expenses» in accounting terminology to enhance the precision of financial reporting and economic analysis.
Prospects. Further research should focus on refining regulatory and internal accounting policies in other sectors of economic activity.
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