ACCOUNTING INNOVATIONS: THE IMPLICATIONS OF A FIRM'S RESPONSE TO POST CIVIL WAR MARKET DISRUPTIONS

1994 ◽  
Vol 21 (2) ◽  
pp. 41-84 ◽  
Author(s):  
Rodney R. Michael ◽  
Larry D. Lankton
Keyword(s):  
Civil War ◽  
Social Structure ◽  
Cost Control ◽  
Cost Management ◽  
Control Process ◽  
Internal Accounting ◽  
The Cost

This study addresses the nature of accounting innovations within the context of the Quincy Mining Company's response to the disruption of the domestic copper market following the Civil War. Primary documentation is used to first define the firm's cost management activities, then to define the characteristics of the firm's internal accounting practices that contributed to these activities. It is argued that, although accounting was a participant in the cost control process, it was a paternalistic social structure that provided the impetus for the firm's struggle to remain profitable.

Cost Management Method with Value Engineering

2012 ◽  
Vol 433-440 ◽  
pp. 2114-2119
Author(s):  
Xiao Yong Li ◽  
Kang Xu ◽  
Li Jun Cao ◽  
Si Yuan Wang
Keyword(s):  
Cost Control ◽  
Cost Management ◽  
Control Process ◽  
Core Competency ◽  
Current Theory ◽  
Economic Benefits ◽  
Theory And Practice ◽  
Value Engineering ◽  
Target Costing ◽  
The Cost

The use of value engineering in China has grown significantly in the last twenty years. With keen competition in construction market, the cost control is the key measure to increase the economic benefits in the company and enhance the core competency of enterprises. This paper makes a holistic appraisal of value engineering as used in Chinese construction industry by investigating current theory and practice. It evaluates value engineering projects. This research suggests a methodology for the cost control process in construction enterprise, aiming at the correct systematic approach of Value Engineering and target-costing in cost management. The value engineering and target-costing are complementary processes. This proposed approach was validated in a case study, aiming at improved product cost, functionality and quality accomplishment, in accordance with customer needs and the company strategy.

Talking about the Project Cost Management

2011 ◽  
Vol 71-78 ◽  
pp. 4596-4599
Author(s):  
Bao Xia Cui ◽  
Aai Lin Zhang
Keyword(s):  
Basic Concept ◽  
Cost Control ◽  
Control Method ◽  
Cost Management ◽  
Focal Point ◽  
Project Cost ◽  
The Cost

This paper mainly analyze the cost management from basic concept, cost control method in construction and principal in cost management. The control focal point of the cost management is emphasized in every stage.

COMPARISON OF OWNER AND CONTRACTOR PERSPECTIVES IN ESTABLISHING COST CONTROL STRUCTURE

2019 ◽  
Vol 6 (1) ◽  
Author(s):  
Ruveyda Komurlu ◽  
Akin Er
Keyword(s):  
Control System ◽  
Control Systems ◽  
Oil And Gas ◽  
Cost Control ◽  
Control Structure ◽  
Control Function ◽  
Cost Management ◽  
Project Control ◽  
The Cost

Cost control is a part of cost management which is carried out by the project owner and the contractor throughout a project. However, the structures of the control function developed by each party generally differ since the purpose of the function and the level of the structure are not exactly the same. Contractors have several advantages while building a cost control system such as more detailed information about the project, more background, more dedicated personnel, specifically developed software etc. Therefore, contractors have a broader vision on the issue. Owners need to utilize cost control systems not only for common reasons but also due to some specific necessities. Unlike contractors, owners have to capitalize projects just before they put their investments into operation. This paper intends to focus the necessities prioritized by the owners and contractors on the issue. A comparison will be made to distinguish the differences between the cost perspectives of project owners and contractors. An assessment will be done of the matters that owners pay attention while establishing a cost control structure in light of the experiences practiced in oil and gas projects. Thus, the important points which should be better to consider by the owners' project control teams will be advised.

scholarly journals Anggaran Biaya Sebagai Alat Pengendalian Manajemen Pada PT Asuransi Jiwasraya (Persero) Bogor

2013 ◽  
Vol 1 (3) ◽  
pp. 193-202
Author(s):  
Dicky Alfian ◽  
Iriyadi Iriyadi ◽  
Udi Pramiudi
Keyword(s):  
Cost Control ◽  
Planning Process ◽  
Control Process ◽  
Management Control ◽  
Budget Planning ◽  
Control Processes ◽  
Good Management ◽  
Cost Planning ◽  
The Cost

One way to define the company's goals is to create a plan, one that cost planning is essential inthe operation of the company activity. Preparation, control, until the realization of the budget is animportant factor in the control of management. Good management control will be reflected from asound budget planning from start budgeting to realization in which the control of the use of thebudget includes the cost of the company. The purpose of this study was to determine the function ofa planning application to the realization anggarabn budget costs play an important role in themanagement control process in order to achieve the goals set previously by the company. Theresearch was conducted by the author. PT. Asuransi Jiwasraya (Persero) Bogor is located atPajajaran Street 45 Bogor. The results of this study show that the variance resulting from budgetplanning to the realization greatly affects the level of management control of the company. In otherwords, the efficiency of which is determined by the value of variance budget planning process aswell as cost control processes that will better demonstrate the value of the level of managementcontrol of the company.

Research on the Warranty Management Survey and Improving Measures of Chinese Manufacturing: An Empirical Study

2012 ◽  
Vol 452-453 ◽  
pp. 669-673
Author(s):  
Li Si Cao ◽  
Zi Xian Liu ◽  
Yi Liu Liu ◽  
Wen Jia Wang
Keyword(s):  
Empirical Study ◽  
Cost Control ◽  
Cost Management ◽  
Cost Ratio ◽  
Accounting System ◽  
Factors Influencing ◽  
Warranty Cost ◽  
Warranty Management ◽  
Cost Accounting System ◽  
The Cost

This document reflects the warranty management situation of Chinese manufacturing enterprise by investigating 93 manufacturers including automobile, electronics and machinery equipment. By the investigated data of warranty cost ratio of revenue, we can find the gap between Chinese manufacturers and abroad. The next, through the statistics analysis of factors influencing the warranty cost, we find that the management of suppliers and outsourcers, cost control strickly and the cost accounting system are helpful to decrease the warranty cost. According to the analysis, the paper make suggestions in warranty cost management to Chinese manufacturers

Discussion on the Establishment of Enterprise Cost Management Early Warning System

2012 ◽  
Vol 622-623 ◽  
pp. 1860-1863
Author(s):  
Yong Gang Nie ◽  
Pei Jing
Keyword(s):  
Economic Development ◽  
Early Warning ◽  
Early Warning System ◽  
Cost Control ◽  
Cost Management ◽  
Integrated Management ◽  
Warning System ◽  
The Cost ◽  
Cost Risk

With the rapid economic development, and the competition between enterprises increasingly fierce, the rising costs make many businesses difficult, there have been companies into a small profit or even the edge of bankruptcy. Cost risk is inevitable in the course of business for every enterprise. Establishing the cost management early warning system can prevent the risk of cost control effectively, and help enterprises to improve the level of integrated management.

“Target-Operation” Cost Management Model

2011 ◽  
Vol 204-210 ◽  
pp. 1022-1025
Author(s):  
Jing Pu Chen ◽  
Wei Wei Wang
Keyword(s):  
Control System ◽  
Cost Control ◽  
Cost Management ◽  
Full Range ◽  
Functional Modules ◽  
Target Cost ◽  
The Cost ◽  
And Control ◽  
Auxiliary Module ◽  
Operation Cost

Objective cost management and Activity-Based cost management are both more advanced cost management methods, but they are difficult to overcome their own shortcomings. In order to overcome the defects of these two methods of cost management, in the meanwhile, to find a new way to perfect the cost control system in enterprise, the writer planned to make this study. By analyzing and summarizing the domestic and international research results based on the integration of the Objective cost management and Activity-Based cost management, the writer pointed out the lack of current research and raised from the development, design, procurement, production and service to the full range of “Target-Operation” cost management, and designed three functional modules, including target cost estimate module, operation chain optimization module, cost breakdown and control module and auxiliary module to improve the model's content. This study offers a new way for the managers of enterprises in the field of cost control system and strengthening enterprise competitive power.

scholarly journals ACCOUNTING AND ANALYTICAL SUPPORT OF COST MANAGEMENT

2018 ◽  
pp. 265-270
Author(s):  
Volodymyr Priadko
Keyword(s):  
Cost Management ◽  
Accounting Information ◽  
Comparison Method ◽  
Scientific Methods ◽  
Corporate Rights ◽  
Managerial Decisions ◽  
Analysis And Synthesis ◽  
Grouping Method ◽  
Internal Accounting ◽  
The Cost

Introduction. The article researches the essence of the cost as an object of accounting. It highlights the importance and tasks of the cost management system. The essence, purpose and functions of the accounting and analytical support of cost management are revealed. It is determined that the main sources of data for the management of company costs are the following ones: external (regulatory) and internal (accounting, non-accounting and analytical) information. The article lists the factors that affect the production cost and methods of accounting for production. Purpose. The article aims to study accounting information in terms of cost management and to reveal the value of the accounting and analytical support of the issuer of corporate rights in making managerial decisions. Method (methodology). In the process of research, a number of scientific methods have been used, including method of comparison, method of grouping, method of analysis and synthesis. Results. The article summarizes the scientific approaches to the essence of accounting and analytical support. It presents the author’s vision of the accounting and analytical support for cost management. It researches the problems of formation of accounting and analytical support for cost management of the issuer of corporate rights.

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