IMPROVING FINANCIAL PERFORMANCE ACCOUNTING IN THE CIRCULAR PRODUCTION

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Published: Dec 27, 2023
DOI: https://doi.org/10.59503/29538009-2023.SI-1-98
Keywords:
food processing, circular production, financial implications of waste recycling, budgeting

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Alisa Tadevos
Valencia State University
https://orcid.org/0009-0003-9104-7399
Qnarik Khachatryan
Armenian State University of Economics
https://orcid.org/0009-0009-6455-2828

Abstract

Circular manufacturing aims to recycle production waste and repurpose it into a manufacture process. In this sense, business stakeholders have an informational requirement to understand the financial consequences of organizing circular production. The article presents the methodology of recording financial results related to circular production and their presentation in accounting reports. New accounts and accounting correspondence are proposed, which are performance the information flows of financial results of circular production with double entry.

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How to Cite
Tadevos, A., & Khachatryan, Q. (2023). IMPROVING FINANCIAL PERFORMANCE ACCOUNTING IN THE CIRCULAR PRODUCTION. Economics, Finance and Accounting, (SI-1), 98. https://doi.org/10.59503/29538009-2023.SI-1-98
Issue
No. SI-1 (2023)
Section
Financial Accounting
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