ABSTRACT

This study is concerned with the problems in the application of Uniform Accounting System, which is put into effect in 1992. It deals with the operational and functional errors in the reflection accounts for costs and expenses, comprised by the Uniform Accounting Plan. It suggests that these errors arise essentially from the confusion of expenses accounts with cost accounts. Hence, it provides a closer examination of the theoretical definitions of these economic activities in economics and management science. In this way, it underlines the differences in application of these accounts in General Accounting and Cost Accounting.