DESIGN OF COST ACCOUNTING ANALYTICAL CHART OF ACCOUNTS IN ACCORDANCE WITH IAS/IFRS AND LAW OF ACCOUNTING AND AUDITING

Design of an individual analytical chart of accounts is one of the most important activities in establishing organizational system of bookkeeping, accounting, accounting information system and information system of a company. Starting point is the prescribed chart of accounts as a closed system of general accounts for particular legal entities, organizations or institutions. Applicable chart of accounts needs double-circle accounting organization – financial bookkeeping (classes 0-8) and cost accounting and performance calculation (class 9). Class 9 of the chart of accounts framework is particularly flexible. When designing analytical chart of accounts, pursuant to regulations and according to particular business conditions, it allows enough freedom to properly select and choose general accounts as well as their further decomposition and systematization, being main stages in conceptualization procedure. It is about an extremely professional, demanding and creative job.

Key words: chart of accounts framework, chart of accounts, organizational system, determining factors, cost accounting;

JEL Classification: M41