Kaizen Costing: Experience and Prospects of Implementation at Industrial Enterprises of Ukraine

The article focuses on a necessity to apply effective methods of cost accounting of products for gaining competitive advantages by the Ukrainian industrial enterprises in the world market of goods and services. It describes the essence of the kaizen costing as a process of continuous and gradual improvement and also identifies factors, which de-stimulate rapid propagation of these methods of cost accounting at domestic enterprises. It provides experience of its implementation at the Ukrainian company Coca-Cola Beverages Ukraine, in particular, marks out three key principles, which formed the basis of its successful implementation. It offers to make amendments to Article 364 of Methodical Recommendations on Formation of Cost of Products (works, services) in Industry. It conducts a comparative analysis and establishes a functional interconnection between the kaizen costing and such methods of cost accounting of industrial products as standard costing, target costing and "just in time" approach. It develops a model of an optimal system of cost accounting of products of industrial enterprises on the basis of the results of the study.