IMPROVING THE METHODOLOGY OF ACCOUNTING FOR FINISHED PRODUCTS IN THE OIL AND GAS INDUSTRY
Keywords:
finished goods, costs, cost price, complex costs, by-product, planned (standard) cost price, accounting prices.Abstract
The main objective of this article is to properly organize finished goods accounting in the oil and gas industry. To achieve this goal, the following objectives were defined: studying the specifics of the oil refining production process, conducting a theoretical study of cost allocation in the oil and gas industry, and methods for allocating complex costs in oil refining, examining cost accounting and calculation objects, and properly allocating complex expenses. In this article, we will examine in detail how to properly manage finished goods accounting and determine the financial result (profit or loss) in accounting based on the regulatory documents of the Republic of Uzbekistan.
References
The Tax Code of the Republic of Uzbekistan, approved in a new edition by the Law of the Republic of Uzbekistan dated December 30, 2019 No. ZRU-599.
Law of the Republic of Uzbekistan dated 29.12.2021 No. ZRU-741 "On Amendments and Additions to the Tax Code of the Republic of Uzbekistan".
Law of the Republic of Uzbekistan ZRU-1013-son of December 24, 2024. On Amendments and Supplements to the Tax Code of the Republic of Uzbekistan https://lex.uz/ru/docs/7279807
Regulation “On the composition of costs for the production and sale of products (works, services) and on the procedure for forming financial results”, approved by the Cabinet of Ministers of the Republic of Uzbekistan dated February 5, 1999 No. 54.
National Accounting Standard of the Republic of Uzbekistan (NAS No. 4) “Inventories” (Approved by the Order of the Minister of Economy and Finance dated June 30, 2020 No. 3259, registered by the Ministry of Justice on June 30, 2020.
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