Methodological aspects of cost valuation of enteral nutrition safety and quality management systems

Abstract

For ensuring proper business conditions for organizations, including food market operators, in particular products for special medical purposes, which include products for enteral nutrition, it is important to use all available resources and reflect them in financial reporting. It was established that one of the important food market participants’ property objects, including intellectual, are systems of safety and quality management. This determines the need to assess its financial value. It will be useful for better insurance of market operators’ economic security, their higher resistance to dangers and risks arising in the course of their activities. The article analyzes that the International Valuation Standards (IVS) are generally recognized at the global level as a regulatory document that regulates the cost estimation process. It was determined that this document defines the general provisions in the researched field of activity, terminology, the procedure for organizing and carrying out value assessment, reporting, applied approaches, methods, recommendations for determining the value of assets, in particular intangible assets. The general recommended evaluation algorithm, the process of its implementation, compliance assurance, and reporting of results have been established. It has been studied that to estimate the cost of safety and quality management systems, it is recommended to use a cost approach first of all. This is based by the need to determine the amount of funds to ensure compliance with legal requirements, meeting the needs of consumers and other stakeholders. It has been established that the application of the reproduction method is effective when the organization needs to identify all costs for creating and maintaining the effective functioning of safety and quality management systems for products, including for enteral nutrition. In the course of the conducted research, the documents regulating the cost assessment at the European and national Ukrainian level were also determined. The provisions of these regional documents are almost harmonized with international ones.