How to Stimulate the Utilization of Industrial Basic Production Funds Through the Cost Accounting System

1959 ◽  
Vol 1 (10) ◽  
pp. 25-30
Author(s):  
N. Spiridonova
Keyword(s):  
Cost Accounting ◽  
Accounting System ◽  
Basic Production ◽  
Cost Accounting System ◽  
The Cost

of the information given to the shareholders, precautions to take for upward appraisal of capital assets, choice of an investment, and dividend policy. In order to raise enough capital for its business, the Company had to inform a growing number of shareholders, which soon became inconsistent with the managers’ freedom to deal with ac­ counting information according to their own needs. The resoultion of this problem led to the distinction between standard­ ized financial accounting for external and management account­ ing for internal use. As it became more and more efficient and advanced, the accounting system led to its own splitting. CONCLUSION Compared to most of the firms, Saint-Gobain had to face very early (in the first half of the 19th century) the problems raised by the setting up of a management accounting system. However, it was not until 1820, 155 years after its creation, that it adopted double entry bookkeeping which included the calculation of costs. This evolution is mainly due to the spreading of the Industrial Revolution in France, which was responsible for the abolition of privileges and the growth of competition in the field of glass pro­ duction. During the period 1820-1880, the cost accounting system had been gradually improved, without any regular outside coercion, according to the needs of the management alone. This leads to two conclusions and two research questions. In 1880, the accounting system facilitated the reckoning of full costs with methods and procedures that are still in use (alloca­ tion of the overhead with the use of activity center accounts, up-to-date transfer pricing methods, analysis of the relationship be­ tween depreciation, dividends and investments, etc ). This full cost method is now over one hundred years old. The development and the mastering of that cost accounting system were absolutely necessary to start the next stage, that is to say the use of those costs to prepare estimates of costs and investments. That stage took place over four decades (1890 to 1930) and led to real budget control towards the end of the Second World War. It should be recognized that the accounting systems of a given period can be very different from one another, which is particu­ larly true in the 19th century, therefore research should look at the variables on which the accounting system of each firm depends. Among the internal ones, the size of the firm, the culture of its

2014 ◽  
pp. 267-267
Keyword(s):  
19Th Century ◽  
Industrial Revolution ◽  
Transfer Pricing ◽  
Cost Accounting ◽  
Accounting System ◽  
Accounting Systems ◽  
Cost Accounting System ◽  
The Cost ◽  
Double Entry ◽  
The 19Th Century

The Design and Implementation of Team Cost Accounting System Based on Dynamic Data Collection

2010 ◽  
Vol 439-440 ◽  
pp. 1277-1280
Author(s):  
Hong Jun Guan
Keyword(s):  
Information Technology ◽  
Data Collection ◽  
Cost Accounting ◽  
Production Equipment ◽  
Accounting System ◽  
Dynamic Data ◽  
Design And Implementation ◽  
Collection Data ◽  
Cost Accounting System ◽  
The Cost

With the development of information technology, as the basis of economic accounting of the companies, it is possible for team cost accounting to be provided with various of basic data collection, data processing and sharing of such data. First of all, the related technology is introduced, then combined with the production process of C4 workshop, it described the analysis result and scheme. In this process, obtaining dynamic data from production equipment is the first step, then according to different devices and various requirements of product cost accounting, calculate the cost for each team, and finally realize the need for assessment of the teams.

A WORLD WAR II COST ACCOUNTING ASSIGNMENT

1990 ◽  
Vol 17 (1) ◽  
pp. 81-88 ◽  
Author(s):  
Dixon Fagerberg
Keyword(s):  
World War Ii ◽  
Cost Accounting ◽  
Production Plant ◽  
Accounting System ◽  
World War ◽  
War Effort ◽  
War Production ◽  
Cost Accounting System ◽  
The Cost

This article describes the development of a process cost accounting system for a war production plant in 1942. A variety of cost drivers were used for purposes of allocation of overhead. In addition, the role of the cost accountant in the war effort is emphasized.

Cost Knowledge and Cost-Based Judgment Performance

2001 ◽  
Vol 13 (1) ◽  
pp. 1-18 ◽  
Author(s):  
David T. Dearman ◽  
Michael D. Shields
Keyword(s):  
Cost Accounting ◽  
Performance Model ◽  
Future Research ◽  
Accounting System ◽  
Activity Based Costing ◽  
Cost Information ◽  
Good Judgment ◽  
Knowledge Content ◽  
Cost Accounting System ◽  
The Cost

This paper reports evidence on how managers' cost knowledge affects their cost-based judgment performance when a volume-based cost accounting system is used and products have diverse resource consumption. The evidence indicates that managers who have activity-based costing (ABC) knowledge content and/or an activity knowledge structure debias the cost information to have relatively good judgment performance. In contrast, managers with only cost-accounting knowledge content have relatively poor judgment performance. The judgment performance model (Libby and Luft 1993) provides the theoretical framework for this paper. Implications of this paper for future research are discussed.

A Basic Approach Towards Cost Accounting for Virtual Web Organizations

2011 ◽  
pp. 270-291
Author(s):  
Tim Veil ◽  
Thomas Hess
Keyword(s):  
Automobile Industry ◽  
Cost Accounting ◽  
Specific Form ◽  
Accounting System ◽  
Strategic Networks ◽  
Planning And Control ◽  
Research Activities ◽  
Cost Accounting System ◽  
The Cost ◽  
And Control

Virtual corporations (VCs) may be defined as a specific form of inter-company networks. Whereas vertically integrated strategic networks primarily appear in the automobile industry, VCs are frequently found in the software industry or the consulting sector. In the last years, VCs have been subject to different research activities, e.g., the relevance of IT infrastructure for VCs or the economical reasons for their appearance. Today, questions of how to manage VCs arise more and more often. Nevertheless, until today issues concerning planning and control have rarely been discussed. One traditional and major element of a planning and control system is the cost accounting system. As will be shown, multiple questions regarding cost accounting for virtual Web organizations come up theoretically as well as in practice.

FREDERICK WINSLOW TAYLOR'S CONTRIBUTIONS TO COST ACCOUNTING

1980 ◽  
Vol 7 (2) ◽  
pp. 1-22
Author(s):  
Rosita S. Chen ◽  
Sheng-Der Pan
Keyword(s):  
Comparative Analysis ◽  
Cost Accounting ◽  
Accounting System ◽  
Managerial Accounting ◽  
Manufacturing Company ◽  
Cost Accounting System ◽  
The Cost ◽  
Made In ◽  
The Way

This article is to introduce the cost accounting system that Frederick Winslow Taylor installed at the Tabor Manufacturing Company sometime in the 1890s. A comparative analysis between this system and Captain Henry Metcalfe's Cost of Manufactures is also made in order to investigate their sources and influences. It is concluded that Taylor was a pioneer in many aspects of cost accounting, but his most important contribution was the development of the managerial approach that paved the way for modern managerial accounting.

scholarly journals Problems and Countermeasures in Environmental Cost Accounting: A Case Study of China's Coal Industry

2019 ◽  
Vol 83 ◽  
pp. 01013 ◽  
Author(s):  
Li-Xia Zeng ◽  
Peng He ◽  
Jin-Ping Shi
Keyword(s):  
Cost Accounting ◽  
Coal Industry ◽  
Environmental Cost ◽  
Environmental Damage ◽  
Accounting System ◽  
Coal Enterprise ◽  
Scientific Decision ◽  
Cost Accounting System ◽  
The Cost ◽  
Environment Cost

In recent years, many scholars have carried out research on improving the environmental cost accounting of coal enterprises. Through the research, the traditional product cost accounting and environmental cost accounting are standardized. But the current cost accounting system still exists problems like wrong calculation of the cost of environmental damage and fraudulent accounting problems. In order to enhance the enterprise's environmental protection consciousness and improve the level of cost control management for the enterprise to provide scientific decision basis, this paper aims to find out the main composition of coal enterprise environment cost, analysis of the problems existing in coal enterprise environment cost accounting and puts forward corresponding solutions.

Management accounting as an element of the corporate management system, problems of its organization in economic entities

2020 ◽  
pp. 39-45
Author(s):  
Ya.Yu Taenchuk Ya.Yu
Keyword(s):  
Management System ◽  
Management Accounting ◽  
Cost Accounting ◽  
Corporate Management ◽  
Accounting System ◽  
Low Level ◽  
Economic Entity ◽  
Cost Accounting System ◽  
The Cost ◽  
Corporate Management System

The article describes the procedure and main problems of organizing management accounting in the general corporate management system of the economic entity, such as: low level of effectiveness of planning (budgeting) mechanism or its absence; little information from the cost accounting system; lack of well-established system for managing the activities of the economic entity as a whole and its separate structural divisions; lack of a mechanism for assessing the profitability of activities, etc.

ACCOUNTING FOR GOLD AND SILVER MINES: THE DEVELOPMENT OF COST ACCOUNTING

1986 ◽  
Vol 13 (2) ◽  
pp. 77-88 ◽  
Author(s):  
Glenn Vent
Keyword(s):  
Nineteenth Century ◽  
Twentieth Century ◽  
Mining Industry ◽  
Cost Accounting ◽  
Accounting System ◽  
Cripple Creek ◽  
Cost Accounting System ◽  
The Cost

This study found evidence which supports the thesis that cost accounting techniques evolved rapidly during the last quarter of the nineteenth century. The cost accounting system employed by the leading mines of the Comstock Lode during the 1870's is compared to a system used in the Cripple Creek district of Colorado during the first decade of the twentieth century. The cost accounting techniques of the mining industry appear to have developed rapidly during this period from crude to sophisticated systems.

scholarly journals The Cost Accounting System and Cost Calculation Improvement

2018 ◽  
Vol 18 (2) ◽  
pp. 120-131 ◽  
Author(s):  
E. A. Prischenko ◽  
◽  
N. G. Nizovkina ◽  
◽  
Keyword(s):  
Cost Accounting ◽  
Cost Calculation ◽  
Accounting System ◽  
Cost Accounting System ◽  
The Cost
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