USE OF ACCOUNTING FOR THE PHILOSOPHY OF EQUIVALENT PRODUCT PRODUCTION AND PERIOD IN THE PREPARATION OF FINAL RESULTS AND MANAGEMENT OF FIXED RESOURCES

Abstract

The study focuses on the study of the technology of production, with the statement of the management of the results in the form of the balance sheet. The next hypothesis has been formulated: the use of administrative accounting for the philosophy of equivalent product production may facilitate the establishment of result-oriented reserves and the management of fixed resources. The subject matter of the discussion is the formation of Kufa Cement, a single formation of a public company for Southern Cement, and the implementation of the research in the practice of the final financial statements on 31/12/2019. The research reached a set of conclusions, the most important of which are: The philosophy of optimal production technology is a standard approach to dealing with the company through an integrated holistic view for the purpose of identifying and dealing with the constraints that the system faces. The productive mix and managing constrained resources.

Introduction:

  The philosophy of optimal production technology seeks to help the management to re-examine and evaluate the company's activities in light of the existence of activity restrictions, which may be material or refer to the administrative policies of this company, and therefore this philosophy is a set of concepts aimed at helping the management to identify the problems it faces in order to overcome By defining the necessary changes and how to bring about them, the restriction is intended to be something that limits the ability of the system to achieve its goals effectively and efficiently, and the presence of restrictions motivates the company's management to make extraordinary improvements by stimulating the thought to search for innovative solutions that are compatible with the nature and situation of the company The company can be viewed as a system consisting of a series of interrelated activities whose strength is determined by the weakest link, whereby work is done to rationalize the decisions of the productive mix and manage the restricted resources, thus helping to generate the largest amount of profits by maximizing the achievement or output of the company.