Corporate governance and its importance in the organization of management accounting in economic entities of Kyrgyzstan

Authors

Turgunbaev M. Zh.

Abstract

This article is devoted to the issues of management accounting organization and the corporate governance system in modern conditions. In the context of corporate governance, cost accounting for production should be considered as a set of interrelated and performed in a certain sequence of organizational, logical, settlement operations and procedures for generating information about costs. In this accounting process, two stages can be distinguished: primary accounting and grouping and systematization of information. The cost of production can be accounted for in any detail, but for this it is necessary, firstly, that such diverse information be of interest to managers and, therefore, be demanded by them, and secondly, that a sufficient number of signs of grouping information should be incorporated in the primary documents. The calculation of the cost of production is one of the tasks to be solved in the second stage, therefore, to consider cost accounting and calculation separately, in our opinion, does not make sense. Moreover, even by definition, the cost is the sum of the costs of production (work, services).
An important point in organizing cost accounting is the selection of cost accounting objects and costing objects. In modern conditions, cost accounting is becoming multi-purpose, more and more management-oriented. In order to satisfy management needs, various cost groups, and therefore various accounting objects, are required.

Keywords

corporate governance, mechanisms, management methods, costs, expenses, accounting, management accounting, analysis, management analysis, production, implementation.