Indian Journal of Science and Technology
DOI: 10.17485/IJST/v17i27.1241
Year: 2024, Volume: 17, Issue: 27, Pages: 2803-2812
Original Article
Abdugapur Karimovich Ibragimov1∗, Tursunkulova Gulchiroy2∗, Bruno Antonio Pansera3
1Department of Accounting and Audit, The Banking and Finance Academy of the Republic of Uzbekistan, Ulugbek district, Tashkent, Uzbekistan
2Department of Accounting and Audit, Tashkent State Agrarian University of the Republic of Uzbekistan, Tashkent, Uzbekistan
3Department of Law, Economics and Human Sciences & Decisions Lab, University Mediterranea of Reggio Calabria, Cittadella Universitaria Complesso Torri - Seconda Torre-Reggio Calabria (RC), Italy
*Corresponding Author
Email: [email protected]
[email protected]
Received Date:23 May 2024, Accepted Date:17 June 2024, Published Date:11 July 2024
Objectives : This article is devoted to the consideration of the issues of cost accounting and cost calculation in agriculture. In addition, the article highlights the issues of the correct distribution of costs by cost items and objects, as well as the correct calculation of the cost of Uzbekistan's products. In addition, Uzbekistan is an agrarian country, so the article presents suggestions and recommendations for improving the accounting of costs and production costs in agriculture. Previous studies in this area conducted in other parts of the world indicate a direct relationship between the indicators of production costs and market indicators; however, based on the features of Uzbekistan, it may be different, given the accounting policy and the specifics of agricultural costs. Methods: A linear regression method to determine the impact of costs and methods of calculating the cost of production was used. Costs are divided into variables and constants. Based on the features of agriculture, simple, advanced, and regulatory methods are used. Each of these methods is associated with variables and regresses individually for each type of agricultural product. Findings: Our results confirm that there are some methods of calculating the cost of production of farms. The results also indicate that the correct determination of the cost of production affects the profitability of these farms. The results obtained indicate that the calculation of the cost of agriculture is an indicator of the profitability of farms in Uzbekistan in the short term. The impact of the change in the cost of agricultural products influences profitability, in the end on profit; as it influences the prices of sales of products in the end affect the financial performance of farms. Novelty: The impact of the cost of agricultural products on the profitability of farms is becoming more important than ever before since the negative externalities of cost changes affect the financial performance of farms.
Keywords: Farms, Expenses, Cost, Product cost, Accounting register
© 2024 Ibragimov et al. This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited. Published By Indian Society for Education and Environment (iSee)
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