Published November 2012

Ways of formation of operating expenses and reduction of cost prise in oil-gas extraction enterprises in Kazakhstan Republic

M.Y. Kali

In connection with transition to market relations, oil-gas extraction branch in Kazakstan Republic was subject to alterations. A number of enterprises were established in oil-gas extraction branch of republic during years of independence with contribution of local and foreign capital. Existing economic relations were destroyed, operating expenses were prone to increase, oil production capacity lowered, and alterations were made in tax legislation. And all these created a necessity of carrying out reforms in calculation of cost prise of product and cost accounting system. Transition into International Standards in cost accounting, definition of product unit costs with consideration of field characteristics, economic elements and their definition, cost accounting on directions, etc. issues are of great importance and it was tried to solve all listed issues in the article.