International Journal of

Business & Management Studies

ISSN 2694-1430 (Print), ISSN 2694-1449 (Online)
DOI: 10.56734/ijbms
Specifics of cost calculation of by-products in crop production in small and medium enterprises


The article examines the specifics of valuing by-products of crop production in the agricultural sector in the legislative conditions of the Czech Republic. The used processing method of valuing by-products in crop production directly determine the internal price with subsequent effects on reporting. An innovation of the procedure for calculating costs of the internal price is proposed, which consists in differentiating the purpose of using the by-product and determining the content of active substances. This leads to the development and refinement of methods of calculation and valuation of by-products and can be recommended for the innovation of teaching calculation methods for business practice