Cost accounting subsystem development in construction companies

Construction projects are getting more complex and split every year with a lot of participants, which number is growing. All the above affects costs greatly. The traditional approaches to data acquisition and sorting do not meet management requirements any more so that there is a demand in methodological provision of the accounting process. The current accounting methodologies are focused primarily on cost data capturing with the calculation of economic elements, standard and actual production costs. To achieve sustainability and operational decision-making throughout the use of IT, it is crucial to expand the volume and quality of data accumulated in the accounting subsystem. The article studies the issues of production accounting subsystem methodological provision improvement in construction companies submitted as a model. The proposed model includes production activity planning, production processes accounting and check-up units with each having certain content and distinctive characteristics. The suggested methodology is based on industry specifics and allows to compile transparent data on production costs and results for construction projects providing the process of management with relevant information at all stages of the project implementation.