Cost Accounting in the Production of Commodity Output

Auditor ◽  
2021 ◽  
Vol 7 (2) ◽  
pp. 23-32
Author(s):  
A. Grachev
Keyword(s):  
Cost Management ◽  
Cost Accounting ◽  
Manufacturing Enterprise ◽  
The Relationship

Th is article discusses the organization, accounting and cost management of a manufacturing enterprise. To do this, the relationship between accounting accounts and cost centers, items and elements is shown. Particular attention is paid to the compilation of the consolidated calculation and the consolidated budget, as well as the construction of the balance of commodity output.

THE NATURE AND ENVIRONMENT OF COST MANAGEMENT AMONG EARLY NINETEENTH CENTURY U.S. TEXITLE MANUFACTURERS

1992 ◽  
Vol 19 (2) ◽  
pp. 1-24 ◽  
Author(s):  
Thomas Tyson
Keyword(s):  
Nineteenth Century ◽  
New England ◽  
Management Practices ◽  
Cost Management ◽  
Cost Accounting ◽  
The United States ◽  
Social Forces ◽  
Cost Information ◽  
Early Nineteenth Century ◽  
Textile Mills

Several authors have suggested that a particular managerial component was needed before cost accounting could be fully used for accountability and disciplinary purposes. They argue that the marriage of managerialism and accounting first occurred in the United States at the Springfield Armory after 1840. They generally downplay the quality and usefulness of cost accounting at the New England textile mills before that time and call for a re-examination of original mill records from a disciplinary perspective. This paper reports the results of such a re-examination. It initially describes the social and economic environment of U.S. textile manufacturing in New England in the early nineteenth century. Selected cost memos and reports are described and analyzed to indicate the nature and scope of costing undertaken at the mills in Lowell, Massachusetts, in the late 1820s and early 1830s. The paper discusses how particular cost information was used and speculates why certain more modern procedures were not adopted. Its major finding is that cost management practices fully measured up to the business complexities, economic pressures, and social forces of the day.

scholarly journals The Linkage between the Degree of Compliance with Corporate Governance Rules and Profitability: Evidence from Palestine Exchange Listed Firms

2016 ◽  
Vol 9 (1) ◽  
pp. 31
Author(s):  
Naser Abdelkarim
Keyword(s):  
Corporate Governance ◽  
Positive Impact ◽  
Cost Management ◽  
Market Value ◽  
Theoretical Assumption ◽  
Listed Firms ◽  
Developed Economies ◽  
Governance Indicators ◽  
Code Of Corporate Governance ◽  
The Relationship

<p>The underlying objective of this study is to empirically investigate the relationship between the degree of compliance with the rules of the code of Corporate Governance (CG) that became effective in 2009 and profitability of Palestine Exchange Listed firms. Compliance with CG rules is measured based on a criteria of ten corporate governance indicators identified in the study of Abdelkarim and Ijbarah (2010), while profitability is measured by the percentage of change in ROI reported in year 2008 and its average over the period 2009-2015. The Use of ROI as a dependent variable in this study is based on the theoretical assumption that CG should have positive impact on efficiency in terms of cost management and increase in sales due to increase in market share. Prior research in developed economies reported a significant impact of corporate governance on firm performance particularly if measured as a change in market value. However, in Palestine there was only one study that investigated the relationship between corporate governance measured as the level of ownership concentration and firm’s performance measured using Tobin’s Q (Abdelkarim and Alawneh, 2005).</p><p>Using regression analysis, this study provides empirical evidence that there is no statistically significant relationship between the degree of compliance with the rules in the code of corporate governance and profitability of sample firms. Explanations for this key finding are provided in this study.</p><p> </p>

Study on Technological Innovation Model of High-Tech Manufacturing Enterprise

2013 ◽  
Vol 584 ◽  
pp. 303-306
Author(s):  
Ming Lin Zhang ◽  
Rong Hua Zhou
Keyword(s):  
Qualitative Analysis ◽  
Empirical Research ◽  
Technological Innovation ◽  
High Technology ◽  
High Tech ◽  
Manufacturing Enterprise ◽  
Survival And Development ◽  
Innovation Model ◽  
Innovation Mode ◽  
The Relationship

High-tech enterprises are established on the basis of high technology, technological innovation is the premise of survival and development of high-tech enterprises. In this paper, it summarizes the academic situation of technological innovation mode. At present, the research on the definition and characteristics of high-tech enterprises, technological innovation and technological innovation mode are mature, but in some other aspects the research is insufficient. For example, research on the relationship between high-tech enterprises and different innovation mode. Also, scholars focus on qualitative analysis, and seldom do quantitative empirical research.

scholarly journals ЗАБЕЗПЕЧЕННЯ РЕЗУЛЬТАТИВНОСТІ ОБЛІКУ ТА АУДИТУ СИСТЕМИ УПРАВЛІННЯ ВИТРАТАМИ ПІДПРИЄМСТВ АЕРОКОСМІЧНОЇ ГАЛУЗІ

2020 ◽  
pp. 58-64
Author(s):  
Г. С. Ліхоносова ◽  
В. Г. Бондаренко
Keyword(s):  
Management System ◽  
Cost Management ◽  
Practical Importance ◽  
Aerospace Industry ◽  
Cost Accounting ◽  
Production Costs ◽  
Practical Significance ◽  
Main Hypothesis ◽  
Cost Management System ◽  
The Cost

The article considers the organization of the cost management system as an object of accounting, the factors that affect the cost and effectiveness of methods of audits of costs for the production of aerospace products. The purpose of the article is to present the issues of accounting and analytical support and audit of the cost management system in the aerospace industry with a focus on the features of accounting and audit of the cost system in the aerospace industry. The methodological basis of the study is a number of scientific methods, including methods of empirical research - comparison, methods of theoretical knowledge – formalization and general research methods - analysis, synthesis and grouping. The main hypothesis of the study was the assumption that the accounting and analytical support of cost management system is influenced by various factors, including: type of production, features of its organization, product range, enterprise management structure, organization of accounting by places and centers of responsibility, cost accounting methods and costing products and the level of automation of accounting work. Presenting main material. It was found that cost accounting occupies a decisive place in accounting and analytical support and audit procedures. The formation of accounting and analytical support of the cost management system in the aerospace industry largely depends on the factors influencing the formation of the cost and the organization of the analysis of the component costs of enterprises. The organization of synthetic and analytical accounting of production costs should ensure: reflection of all performed operations on costs, appropriate distribution of costs by objects of accounting and calculation objects, determination of production costs, timely receipt of necessary information for management purposes. The originality and practical significance of the study is confirmed by the analysis of the possibility of auditing the enterprises of the aerospace industry. The proposed method of accounting and costing is of practical importance and can be used for other enterprises in the aerospace industry. Conclusions and prospects for further research. The method of cost accounting presented in the article is of practical importance for the enterprises of the aerospace industry. Further research will be aimed at improving the accounting and analytical support and algorithms for audits of the cost management system in the aerospace industry

scholarly journals Manufacturing Enterprise Executive Career Expectation and Enterprise Risk: Theoretical Path and Empirical Evidence

CONVERTER ◽  
2021 ◽  
pp. 21-32
Author(s):  
Yi Yao
Keyword(s):  
Internal Control ◽  
Theoretical Basis ◽  
Manufacturing Enterprise ◽  
Career Expectations ◽  
Leading Role ◽  
Enterprise Risk ◽  
Career Expectation ◽  
Corporate Risk ◽  
The Relationship ◽  
Reputation Effect

This paper takes listed companies in Shanghai and Shenzhen stock markets as research samples to analyze and test the relationship between executive career expectation and enterprise risk. This paper argues that manufacturing enterprise executive career expectations have a dual impact on corporate risk, one is to increase corporate risk through investment effect, the other is to reduce corporate risk through reputation effect. The results show that, in the two effects, reputation effect plays a leading role, that is, the higher the career expectation of executives, the more attention they pay to the professional reputation they try to build. In order to protect their own reputation from damage, executives pay more attention to the risk management and internal control of enterprises, so as to reduce the risk of enterprises. This also shows that reputation has a "implicit" incentive effect on executives .This study provides a theoretical basis for enterprises to formulate "explicit" and "implicit" incentive contracts.

scholarly journals Use of methods of operational cost management in the planning and accounting organization at the enterprises in Ukraine

2018 ◽  
Vol 16 (3) ◽  
pp. 488-500
Author(s):  
Yuriy Pogorelov ◽  
Ganna Kozachenko ◽  
Ievgen Ovcharenko ◽  
Olena Illiashenko
Keyword(s):  
Cost Management ◽  
Cost Accounting ◽  
Actual Practice ◽  
Actual Data ◽  
Enterprise Management ◽  
Operational Cost ◽  
Functional Methods ◽  
The Cost ◽  
Practice Cost

The efficiency of the use of methods of operational cost management at the enterprise depends on the consistency of functional methods. As a matter of actual practice, cost management at Ukrainian enterprises lacks such consistency causing managerial collision due to inconsistency of planning and actual data on the enterprise costs. The objective of the article is to resolve the mentioned managerial collision. There has been presented a criterion of consistency of functional cost management methods (identity of data about planning and actual costs of the enterprise according to the format, structure of the resulting data and period of their receipt). The consistency of functional methods – making it possible to deal with the issue of information communications in the enterprise management – is provided by reducing the methods of cost management at the enterprise, in the form of operationalization of concepts of methods of operational cost management in functional methods. With the objective of ensuring the consistency of functional methods of cost management, the article determines changes in the cost accounting, making it possible to provide the consistency of planning and actual data on the enterprise costs and to analyze them.

Quality cost management in the SMEs of Poland

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Renata Biadacz
Keyword(s):  
Cost Management ◽  
Cost Accounting ◽  
Research Problem ◽  
Quality Cost ◽  
Pilot Studies ◽  
Content Type ◽  
Service Companies ◽  
Accounting Practice ◽  
Modern Enterprise ◽  
Survey Results

PurposeThe purpose of the study is to examine the research problem that represents an attempt to approximate the importance of quality costing in managing a modern enterprise using the selected enterprises from small and medium-sized enterprises (SMEs) in Poland.Design/methodology/approachThe primary goal of the research is a need to acquire knowledge about the use of quality cost accounts in enterprises operating in Poland. The research has been conducted in the SMEs of production and services. From October 2018 to December 2018, survey-based research was carried out in the selected SMEs of production and service in Poland. The targeted participants of the study are from the medium-sized enterprises, employing 50–250 people.FindingsThe pilot studies conducted in companies indicate that modern enterprises are focused on quality. Many enterprises declare to be continuously improving quality system and quality costing. However, generally, these are large companies that have implemented ISO standards, often part of international corporations. The survey result of the study shows that medium-sized enterprises still make little use of modern cost accounting variants. Based on the study, only 9.75% (39 enterprises) from a representative group of 400 companies from the sectors of manufacturing, services and production as well as service companies apply quality costing. Some of the other enterprises are only taking measures to implement quality cost accounting.Research limitations/implicationsThe research has been conducted in randomly selected SMEs in the form of a questionnaire interview. In order to further analyze the construction of quality cost management (QCM) systems and the use of information from QCM by enterprises, case study method should be used more widely.Practical implicationsThe results of the study provide useful help for companies that are quality-oriented and want to implement quality costing. The survey has been conducted in 400 enterprises, and the survey results of considered SMEs reveal the most important aspects of the application of quality costing.Originality/valueThe questionnaire used, the answers provided and the resulting conclusions fill the identified research gap. In the author's opinion, findings of research are relevant and useful, not only for accounting practice but also for theory. They show that although TQM and quality costing have been very popular in the literature since the 1990s, the degree of application of quality costing in practice (except for large, often international companies) is too low. So, the suitability of QCM in managing a modern enterprise from the SMEs should be promoted.

Idle Costs in the Pandemic

2021 ◽  
pp. 218-232
Author(s):  
Liliane Cristina Segura ◽  
Fernando Nascimento Zatta ◽  
Henrique Formigoni ◽  
Wellington Gonçalves
Keyword(s):  
Cost Estimation ◽  
Production Cost ◽  
Cost Management ◽  
Fixed Costs ◽  
Strategic Cost Management ◽  
Cost Structures ◽  
The World ◽  
Structural Nature ◽  
The Relationship

This chapter focuses on a crucial crisis issue with consequences that have affected many companies worldwide, the spread of the COVID-19 pandemic. Deliveries were cancelled, and many companies closed their facilities completely around the world. Taking into account the capacity and structural nature of fixed costs, activity-based cost estimation may be more appropriate than traditional cost estimation to create the capacity to manage production cost structures to eliminate possibilities for idle costs, as these are a function of using the capacity offered to the installation. This chapter theoretically presents the relationship between the main costs of idleness, crisis, and profitability as a measure of the company's value. This is important, as the company's value can be delayed by the occurrence of a crisis, and the health pandemic has created a field emerging from research with advances in strategic cost management.

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