Resolution of Institute of Accounting and Audit by establishing criteria for determining the cost of production (I)

Abstract

Last April 23, 2015 the Resolution of the Institute of Accounting and Account audit by which criteria are established for the determination of the cost of production was published in the Official Bulletin of the State. The resolution tries to delimit and establish the criteria to quantify the cost of production by means of the development of the above-mentioned procedure of record and valuation of the PGC and, at the same time, to gather and clarify the criteria to determine the cost of production included in the different sectorial adjustments of the PGC and in the resolutions and consultations issued by this Institute. The present work tries to realize an analysis of the different paragraphs of the norm, beginning with the first five parts of the fifteen in which the resolution is divided.