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The Importance of Cost Calculation Method in the Accounting and Management of Turkish Operating Costs. A Research within the Scope of TAS-2

Author

Listed:
  • Orhan Bozkurt
  • Sukru Dokur
  • Adem Yildirim

Abstract

The aim of calculating the costs more accurately with less deviation and managing the costs in businesses is increasing. This is more important in production businesses. Therefore, it is necessary to know the costs well and put them on product prices. The aim of this study is to compare business costs and the methods used in calculating these costs on the one hand, and tax laws and recognition within the scope of Turkish Accounting Standard (TAS-2) on the other hand. This standard explains what should be considered in determining costs. In addition, this standard shows what will be the production and stock cost calculation method and how they will be reported. As a result of the study, it is seen that there are different results when full cost and variable cost methods are used. It is seen that in full cost method all expenses are added to the cost. This complies with legal regulations however it causes to an increase in the calculated costs. On the other hand, while the occurrence of a legally unaccepted cost section in variable cost method reveals a deficiency; the lower costs compared to other method helps to give better price offers.

Suggested Citation

  • Orhan Bozkurt & Sukru Dokur & Adem Yildirim, 2014. "The Importance of Cost Calculation Method in the Accounting and Management of Turkish Operating Costs. A Research within the Scope of TAS-2," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 4(2), pages 38-46, April.
    • Handle: RePEc:hur:ijaraf:v:4:y:2014:i:2:p:38-46
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    References listed on IDEAS

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    2. NASSIRZADEH Farzaneh & SAEI Mohammad Javad & SALEHI Mahdi & BAYEGI Sayyed Ali Haddad, 2013. "A Study Of The Stickiness Of Cost Of Goods Sold And Operating Costs To Changes In Sales Level In Iran," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 8(2), pages 79-89, August.
    3. Papaemmanouil, A. & Bertling Tjernberg, L. & Tuan, L.A. & Andersson, G., 2013. "Improved cost–benefit analysis for market-based transmission planning, a European perspective," Energy Policy, Elsevier, vol. 63(C), pages 215-223.
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