Analysis of Transaction Costs in the Formation of Accounting Information

Abstract

The purpose of the article is to determine the influence of analysis of transaction costs on formation of accounting. Methodological basis of this research is comprised of the method of systemic and structural analysis, synthesis, classification, induction, and deduction. The research is performed within the concept of transaction costs and concept of managerial accounting. The authors determine conceptual foundations of the theory of transaction costs, perform analysis of contractual relationship of contractors, perform grouping of transaction costs, and view the process of management of costs and their accounting. The authors also offer the structure of management account for debit which uses free code of account, for the purpose of reflecting information on transaction costs, and provide an example of coding of information for account “Transaction costs of contractual relationship.” As a result of the research, the authors make a conclusion that effective managerial solutions on efficiency of deals require from management of enterprises (associations of enterprises) clear and timely information on transaction costs for each contract. This information could be provided within managerial accounting of contractual relationships.