<abstract xmlns="http://www.w3.org/1999/xhtml"><p>The article stresses the consequences of simplifications implemented in the measurement process of goods produced that are of crucial importance to production engineers in SME. The authors show the variety of possibilities that might be used by financial employees together with probable outputs in terms of valuation distortions. Using the case study the authors emphasis the importance of close cooperation of production engineers with finance professionals as out-puts of finance departments consist an important input for decision-making process of production managers. Further-more, demonstrated deficiencies in terms of methods applicable in financial reporting for measurement of the value of goods produced indicate the need for incorporation more financial and non-financial data in the process of judgments about the final cost of goods produced as simplifications applied in SME distort financial information provided to production engineers.</p></abstract>

The article stresses the consequences of simplifications implemented in the measurement process of goods produced that are of crucial importance to production engineers in SME. The authors show the variety of possibilities that might be used by financial employees together with probable outputs in terms of valuation distortions. Using the case study the authors emphasis the importance of close cooperation of production engineers with finance professionals as out-puts of finance departments consist an important input for decision-making process of production managers. Further-more, demonstrated deficiencies in terms of methods applicable in financial reporting for measurement of the value of goods produced indicate the need for incorporation more financial and non-financial data in the process of judgments about the final cost of goods produced as simplifications applied in SME distort financial information provided to production engineers.

Information About Cost of Goods Produced and its Usefulness for Production Engineers – A Case of SME

University of South Bohemia in Ceske Budejovice

Management Systems in Production Engineering

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

The article stresses the consequences of simplifications implemented in the measurement process of goods produced that are of crucial importance to production...

Information About Cost of Goods Produced and its Usefulness for Production Engineers – A Case of SME

Data publikacji: 23 wrz 2017

Zakres stron: 267 - 272

Otrzymano: 01 maj 2017

Przyjęty: 01 wrz 2017

DOI: https://doi.org/10.1515/mspe-2017-0039

Słowa kluczowe
accounting, cost accounting, methods of cost calculations, cost management in SME, production engineering

© 2017 Ewa Wanda Maruszewska et al., published by De Gruyter Open

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Information About Cost of Goods Produced and its Usefulness for Production Engineers – A Case of SME

Data publikacji: 23 wrz 2017

Zakres stron: 267 - 272

Otrzymano: 01 maj 2017

Przyjęty: 01 wrz 2017

DOI: https://doi.org/10.1515/mspe-2017-0039

Słowa kluczoweaccounting, cost accounting, methods of cost calculations, cost management in SME, production engineering

© 2017 Ewa Wanda Maruszewska et al., published by De Gruyter Open

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Słowa kluczowe
accounting, cost accounting, methods of cost calculations, cost management in SME, production engineering