With Regard to the Price Differences Registrated in Finite Products and Agricultural Products

Authors

  • Florin Ioan SCORȚESCU Petre Andrei University of Iasi, Romania
  • Gheorghe SCORȚESCU Petre Andrei University of Iasi, Romania

Keywords:

differences, price, cost, predetermined, standard, actually

Abstract

According to the predetermined or standard price/cost method, stocks of finished products or agricultural products are recorded in the accounts at the predetermined (standard) price, also called the registration price, highlighting separately (distinctly) the price differences (plus or minus) from the actual cost of production of these goods. The standard price used for their accounting should be reviewed regularly and adjusted in the light of price developments. The distribution of price differences on finished products or agricultural products out of management shall be carried out with the support of a coefficient (k). This indicator (k) is multiplied by the price of these goods coming out of the company's management at the predetermined price (usually by sale), and the resulting value is shown in the corresponding accounts where such stocks that have come out of the patrimony have been shown.

Author Biographies

Florin Ioan SCORȚESCU, Petre Andrei University of Iasi, Romania

Associate Professor Ph.D., ”Petre Andrei” University of Iași, Romania

Gheorghe SCORȚESCU, Petre Andrei University of Iasi, Romania

Professor Ph.D., ”Petre Andrei” University of Iași, Romania

References

Horomnea, E., Budugan, D., Georgescu, I., Istrate, C., Păvăloaia, L. (2017). Introducere în contabilitate. Concepte și aplicații, Ediția a V-a revăzută și completată, Iași, România: Editura Tipo Moldova.

Pântea, P., Bodea, G. (2010). Contabilitatea financiară 2011, Deva, România: Editura Intelcredo.

Toma, C. (2018). Contabilitate financiară, Ediția a III-a revizuită și adăugită, Iași, România: Editura Tipo Moldova

(2014). Ordinul ministrului finanțelor publice nr. 1802/29.12.2014 pentru aprobarea Reglementărilor contabile privind situațiile financiare anuale individuale și situațiile financiare consolidate, cu modificările și completările ulterioare, București, România: Monitorul Oficial al României, Partea I, nr. 963/30.12.2014

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Published

2020-12-21

How to Cite

SCORȚESCU, F. I., & SCORȚESCU, G. (2020). With Regard to the Price Differences Registrated in Finite Products and Agricultural Products. Anuarul Universitatii "Petre Andrei" Din Iasi - Fascicula: Drept, Stiinte Economice, Stiinte Politice, 26, 187-199. Retrieved from https://lumenpublishing.com/journals/index.php/upa-sw/article/view/4067

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