For risk assessment entre-neurial activities, future economic benefits, as well as the development prospects of the companies reporting in addition to the users of the information contained in the forms of financial statements (balance sheet, income statement, and others.), Must be differentiated data disclosing financial results for its individual directions. This task contributes to the organization of segmental accounting not only for operational but also by geographical segments. For this purpose, the methodology of management accounting model is proposed to add to the cost accounting system of hierarchical management of industrial enterprise (Model II).

Important methodological aspect is that the basis of the proposed model is based on a synthetic account of the cost of production. Foreign experience of formation and use of management accounting systems for this purpose indicates that develop and complicate the system must be gradually introducing her special accounts management accounting. Account management accounting to the extent separated from the accounts of financial accounting that each group is summarized them as a separate administrative system, not related to any other general accounting entries.

Implementation and testing of the proposed method of cost accounting and calculation of cost of production carried out on materials extractive mining enterprise JSC «Mikhailovsky ore processing plant» Zheleznogorsk Kursk region. In particular, the system of management accounting costs of «GOK» is proposed to organize accounts subcontracting submission. Detailed information about costs in the accounts of synthetic accounting will be linked with the group costs proposed in the model (I) (Figure 1).

Figure 1 - Detailed information on the accounts of managerial cost accounting

The proposed method subcontracting submission is closely linked with technological and production characteristics of industrial enterprises. Due to the nature of its activities, the company may be limited to three levels of sub-accounts that are opened to the expenditure accounts, or, conversely, to expand them to five, six levels, etc. This fact underscores the versatility of the proposed methodology and allows the use of its enterprises in various spheres of industrial production. The result of a submission technique of subcontracting in relation to synthetic accounts is appearing at the enterprise possibility of a segmental reporting, basic forms of which are presented in Table 1.

Table 1. Forms of segmental reporting

By taking into account the cost of production should be supplemented by a reflective account 27 «Еxpenses in management accounting»; to mirror the information generated in financial accounting on account 37 «Сost elements» (Figure 2). The balance of the balance of the management accounting (accounts 20-29) provides a technique of all entries in the accounts through their reflection on the loan (or, as appropriate, - debit) through 27 «Еxpenses in management accounting». It is proposed to constitute a separate balance sheet accounts management accounting, which allows you to close the confidential information on the costs detailed in the accounts management accounting.

Figure 2 - Scheme of the accounting records of the account 27 «Еxpenses in management accounting» in the division Mining Group JSC «Mikhailovsky GOK»

The proposed model of cost accounting in the system of hierarchical control allows to make a report on the financial results in two formats provided by IFRS 1: in nature (types of) cost and cost function  cost (Traditional version) (Table 2).

Table 2. Detail of the profit and loss account by type (nature of expense)

The proposed cost model in the hierarchical control is methodical and organizational separation of accounts management accounting, as they are created in-house confidential information to management. Proposed for this purpose the system of accounts to determine the direction of the company's accounting policies, generate information for users of different hierarchical levels.

The advantage of the proposed techniques is their flexibility and versatility. Thus, by introducing additional components or excluding certain items, an enterprise of any industrial production has the ability to time-operate its own method of cost accounting that meets the interests of internal and external users.