The Concept of Cost and Determination of the Production Cost of a Finished Product on a Agricultural Holding

Abstract

Most often economic specialists who have direct links with the accounting and financial reporting of entities carrying out agricultural activities have encountered a number of problems due to the diversity of activities and the lack of general regulations regarding the substantiation of the costing methodology based on the specifics of the activity. It is very important for an entity to calculate and record the costs of carrying out the business after which they depend on the success of the entity. Cost accounting is not seen as a source of information, but as an important pillar in the development of future development strategies.

Keywords

• cost of a product
• agricultural holding
• accounting