Belgorod State University, Belgorod, Russia:

Mining S. S., Senior Researcher, Candidate of Engineering Sciences, e-mail: mining67@mail.ru

Mining S.A., Senior Researcher, Candidate of Engineering Sciences

Because of the varied interpretation of articles 318 and 319 of the Tax Code of Russian Federation, the tax legislation requires further improvement in definition and accounting of residues of unfinished goods. This paper gives the accounting methodology of products and costs on unfinished goods at iron ore mining and processing enterprises for the following main industrial shops: open pit, grinding sorting factory, crushing and preparation plant and pellet plant. The basis of this methodology contains the process accounting method of costs on the unfinished goods during the extraction of mineral resources in open pit, along with the redivisional accounting method of costs on the unfinished goods, using the time of constant production cycles in all shops with the continuous process manufacture. With the improvement of accounting methodology of quantity and costs on unfinished goods, it is necessary to take into account the production specificity on the concrete mining and processing enterprises.

Taking into account the low part of unfinished goods in total production volume for the monthly accounting period, after the agreement with regulatory authorities, it is advisable to solve the problem about the exclusion of costs on unfinished goods from the accounting in the technological schemes of the continuous production of processing shops.