... using certain resources for a certain period of time.
We will hereinafter use the term «ABC-method» to refer to ‘activity based costing’, which can be translated into Russian as ‘function and process costing’.
One of the major functions of accounting is to perform cost analysis. Costs are initially grouped into broad categories such as materials costs, labor costs, electricity costs, etc. Costs are then are allocated to so-called ‘cost objects’. Cost objects can be anything which requires ...
Nikolai Remizov
Nikolai Remizov
There was a turning point for Russian auditors in October 2000. The Russian official translation of International Standards on Auditing (ISA) was issued with participation of the International Center for Accounting Reform (ICAR).
It is hard to overestimate the importance of this edition in the current Russian environment. Russian auditing practice has been developing for several years. Experts are still involved in disputes as to whether it has been developing ...