Methodological Foundations of the Organization of Accounting for Environmental Costs

Purpose of the study. At the time of changing and actual development of the economy, the effective activity of business entities is primarily determined by its competitive ability. A competitive entity is an organization with high value and demand for its products. The price of the manufactured product and the performed work is determined by the level of costs spent on its preparation and production.

In this scientific article, the necessity of environmental accounting in modern conditions, aimed at achieving the final strategy of production to reduce the impact of harm caused to our environment by business entities that produce products, is determined. In order to evaluate environmental factors, there is a need to create a systematic accounting system that continues the formation of expenses for environmental protection and their connections with economic expenses.

The purpose of the article is to disclose the methodology of "environmental cost accounting", which reflects the relationship between economic costs and environmental protection costs, which allows ensuring the competitiveness and reliability of products.

Research methodology. During the writing of the article, economic analysis, management accounting methods, monographic studies and graphic methods were used.

Originality / value of the study. The conclusions and methodical recommendations obtained as a result of the research of the scientific article will help to form their own value through the rational management of production-economic and environmental costs of production-oriented business entities. At the same time, it contributes to the optimal organization of environmental measures and services of economic entities.

Results of the study. In the main content of the article, the concept of determining the target intrinsic value is given, the place and methodology of environmental cost calculation is studied in order to determine the competitiveness of the product and the impact of production damage on the environment.

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