Use of Strategic Management Accounting in the determination of costs in SMEs in the furniture sector

Determining cost in industry of all sizes represents a starting point for determining your desired returns. For this reason, the precise calculation matters greatly to the administration of any economic entity. We are currently facing the so-called knowledge era and where changes are looming permanent, so the colloquially called traditional accounting systems must be reinforced with innovative techniques. The objective of this research work is to propose to Small and Medium-sized companies (PYMES) dedicated to the manufacture of furniture an innovative tool with which the cost is determined starting from a hybrid counting system, a traditional system strengthened with a technique of Strategic management. The Cost Management System proposed by this research is based on the conclusion found in the theoretical framework that a system is not something isolated, but is formed as a gear of techniques, procedures and techniques; according to the needs of the companies under study. To carry out the present research work, a diagnostic analysis of the furniture SMEs was carried out, where information was obtained regarding the characteristics for the determination, measurement, analysis and cost management of these companies. According to the result of said analysis, the system proposal is presented, which is in the validation process for its dissemination and, where appropriate, commercialization, prior to its registration. If the SMEs dedicated to the manufacture of furniture have a system according to their characteristics, it will be possible to determine with certainty indicators that are essential for making strategic decisions that infer in the improvement of the administration of the SMEs under study.

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COST MANAGEMENT OF AN ECONOMIC ENTITY IN A MODERN BUSINESS CONDITIONS

EKONOMIKA I UPRAVLENIE: PROBLEMY, RESHENIYA ◽

10.36871/ek.up.p.r.2021.02.02.007 ◽

2021 ◽

Vol 2 (2) ◽

pp. 38-44

Author(s):

D. S. SHLYCHKOV ◽

Keyword(s):

Cost Management ◽

Coal Industry ◽

Economic Conditions ◽

Economic Entity ◽

Modern Business ◽

Modern Economic ◽

Business Conditions ◽

Material Values ◽

The Cost ◽

Price Offer

The costs of the organization are the assets of the organization, including material values, labor re-sources, which transfer their value to finished products, work, services. In modern economic conditions of economic activity of an economic entity, the simple assignment of costs to the cost of production has lost its significance. This is due to the fact that it is necessary to satisfy the request of the end consumer through a price offer for the product, as well as the request of the state through the payment of taxes to the treasury. Consequently, management is required to implement measures to manage the costs of an economic entity. This article discusses the question of what methods can be used to implement cost management, and in addition, it presents a basic conceptual model for managing production processes of an economic entity and a model of a production cost management system using the example of the coal industry.

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Evaluation of Cost Management Controlling System in Petroleum Enterprise

The Open Petroleum Engineering Journal ◽

10.2174/1874834101508010358 ◽

2015 ◽

Vol 8 (1) ◽

pp. 358-362

Author(s):

Dan Guo ◽

Changqing Zhang

Keyword(s):

Strategic Management ◽

Oil Recovery ◽

Cost Management ◽

Scoring Method ◽

Management Evaluation ◽

A Value ◽

Controlling System ◽

Negative Effect ◽

The Cost ◽

Positive Effect

In this paper, a model of cost management controlling system was established for implementation and supervision of strategic management in petroleum enterprise. Using this model, various controlling methods are divided into five grades under different strategies. Each grade is assigned a value by the expert scoring method, and the scores of cost management controlling system could be calculated. If the score is greater than zero, the cost management controlling system will have a positive effect on strategy; if the score is less than zero, it will have a negative effect on strategy. With the method proposed, the cost management evaluation of the fourth oil recovery company of Daqing Oilfield was carried out and the results were reasonable.

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Diagnostic study of cost management in manufacturing SMEs in Colotlán Jalisco

Journal of Bussines and SMEs ◽

10.35429/jbs.2019.16.5.37.40 ◽

2019 ◽

pp. 37-40

Author(s):

Sandra Eva Lomeli Rodríguez ◽

Ernesto Guzman-Aguilar ◽

Raúl González-Orozco ◽

Gerardo Alexander Vergara-Mesa

Keyword(s):

Decision Making ◽

Economic Activity ◽

Cost Management ◽

Research Work ◽

Vital Role ◽

Diagnostic Study ◽

Precise Information ◽

Measurement Analysis ◽

The University ◽

The Universe

Cost control in companies plays a vital role in decision making, regardless of size. Before this investigation, there was no precise information regarding the situation of cost management in manufacturing SMEs in Colotlán Jalisco, Mexico. When carrying out this research work, information was obtained according to the measurement, analysis, and cost management of these companies. The methodology used was a quantitative type by applying an instrument/questionnaire to a sample of the study universe. The surveys were applied to 51 companies, which were selected in a multivariate way with respect to each economic activity. The universe of manufacturing SMEs in Colotlán Jalisco was taken from the National Statistical Directory of Economic Units (DENUE) of INEGI. The sample was calculated with 95% confidence and an error margin of +/- 5%. (DENUE, 2019) By having this information, it will be possible to have indicators that will work as a basis for the generation and application of projects that have an impact on the improvement of the integral management of the SMEs under study. Projects that will be carried out in conjunction with the research group of the University of Buenaventura Colombia.

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CURRENT ISSUES OF APPLYING THE CONCEPT OF COST MANAGEMENT IN STRATEGIC MANAGEMENT ACCOUNTING

Vestnik of Khabarovsk State University of Economics and Law ◽

10.38161/2618-9526-2021-1-036-042 ◽

2021 ◽

pp. 36-42

Author(s):

Y. A. Kotlova

Keyword(s):

Strategic Management ◽

Balanced Scorecard ◽

Cost Management ◽

Management Accounting ◽

Management Tool ◽

Effective Management ◽

Economic Entity ◽

Controlling System ◽

Strategic Management Accounting

The article substantiates the need to focus not on the immediate profit, but on the long-term value of the economic entity in the framework of the implementation of controlling system and management accounting balanced scorecard, as an effective management tool for the sustainability of the economic entity

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Improving the Cost Management System at a Construction Enterprise

Business Inform ◽

10.32983/2222-4459-2021-3-225-231 ◽

2021 ◽

Vol 3 (518) ◽

pp. 225-231

Author(s):

M. V. Volkova ◽

◽

A. B. Shved ◽

Keyword(s):

Management System ◽

Financial Stability ◽

Construction Projects ◽

Cost Management ◽

General System ◽

Construction Enterprise ◽

Managerial Decisions ◽

Economic Entity ◽

Cost Management System ◽

The Cost

The article improves the cost management system of construction enterprise. It is specified that the process of managing costs at a construction enterprise depends on the efficiency of the existing general system of the organization management and the level of use of certain methods and instruments by which effective managerial decisions are made to ensure financial stability. A definition of a system of cost management of construction enterprise is provided, whereby the system of economic interests and management methods of directed influence on the interests of the economic entity in order to coordinate them with different groups of stakeholders to comply with the relevant proportions in the formation of costs is meant. It is noted that today, in the face of stiff competition in the construction industry of Ukraine and negative trends in the country’s economy related to the COVID-19 pandemic, solution to the issues of improving the cost management system should be based on the concept of strategic management, management in terms of special purpose self-cost, target-costing and kaizen-costing as means of achieving the specified construction enterprise costs. It is concluded that the improvement of the cost management system of construction enterprise is possible on the basis of making effective managerial decisions based on the use of scientifically based approaches to analyzing the cost structure, planning the level of costs, planning profits taking into account the amount of expenses made, along with implementation of an effective system of motivation of employees to control and reduce costs, etc. The proposed cost management system of construction enterprise will allow to organize and purposefully implement a policy of comprehensive reduction of the self-cost of construction products, rationally invest in modern construction projects, and implement the set strategic goals.

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Developing the adaptive process-based budgeting through TD-ABC and TD-ABB as part of strategic management accounting

International Accounting ◽

10.24891/ia.23.10.1182 ◽

2020 ◽

Vol 23 (10) ◽

pp. 1182-1194

Author(s):

A.A. Akhmetzyanov ◽

A.Yu. Sokolov

Keyword(s):

Strategic Management ◽

Cost Allocation ◽

Management Accounting ◽

Practical Significance ◽

Common Time ◽

Strategic Management Accounting ◽

Scientific Papers ◽

The Subject ◽

The Common ◽

The Cost

Subject. The article focuses on the advanced time-driven tools for allocating overhead expenses, which are based on process-based budgeting. Objectives. We articulate a technique for cost allocation so as to assess the cost of each process with reference to the common time driver. Methods. The study relies upon methods of systematization, classification, analogy and comparison, and summarizes the scientific literature on the subject. Results. The article presents our own suggestions on implementing TD-ABC and TD-ABB into the strategic management accounting process of developer companies. The principles were proved to help more effectively allocate overhead expenses and assess the capacity load of each process performed by functions, departments and employees. Carrying out a comparative analysis, we found certain reserves for utilizing resources more effectively. Conclusions and Relevance. The findings are of scientific and practical significance and can be used by developer and construction businesses. The conclusions can prove helpful for scientific papers, student books, and further research.

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On strategy for the development of multifunctional social infrastructure complexes in the ‘Smart City’ paradigm

Finance and Credit ◽

10.24891/fc.26.7.1469 ◽

2020 ◽

Vol 26 (7) ◽

pp. 1469-1495

Author(s):

A.L. Sabinina ◽

V.V. Sokolovskii ◽

N.A. Shul'zhenko ◽

N.A. Sychova

Keyword(s):

Smart City ◽

Housing Demand ◽

Infrastructure Development ◽

Social Infrastructure ◽

Strategic Decisions ◽

Demand And Supply ◽

Living Space ◽

Two Stages ◽

The Cost ◽

Comprehensive Study

Subject. The article describes the findings of the authors of fundamental strategic decisions on the formation of multifunctional urban complexes, using the housing demand and supply criterion. Objectives. We undertake a comprehensive study aimed at perfecting the methodology for evaluating the options for city infrastructure development at two stages, i.e. strategic, when general targets of feasible commissioning are determined, and current, when parameters of demand for facilities are taken into account. Methods. The study employs methods of expert survey, statistical data processing, predictive and investigative analysis. Results. We explored factors of creating amenities and comfort in residential construction areas, developed an algorithm to calculate the volume of new living space commissioning on the basis of evaluating demands in the Smart City paradigm. Conclusions. The study shows the cost increase depending on the built-up area, number of floors, and the balance between the type of capacity and the number of residents in the quarter (linear relationship).

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Planning for Reuse. Developing a Strategy for the Northern Territory, Australia

Water Science & Technology ◽

10.2166/wst.1991.0233 ◽

1991 ◽

Vol 24 (9) ◽

pp. 31-43 ◽

Cited By ~ 2

Author(s):

M. D. Burgess

Keyword(s):

Potable Water ◽

Cost Management ◽

Sewage Treatment ◽

Northern Territory ◽

Sewage Effluent ◽

Cost Benefits ◽

Management Procedures ◽

Marketing Activities ◽

Harsh Climate ◽

The Cost

A harsh climate, extended dry periods and relatively expensive water resources underly the potential for effluent reuse in the Northern Territory, Australia. The cost of supplying potable water and the potential offsetting effects of utilising sewage effluent are reviewed. The need to firmly establish the true cost to the community of different supply options is identified. Major cost benefits accrue where reuse will enable deferment of either significant potable source augmentation or sewage treatment works upgrading and where horticultural prospects are good at a reuse site close to the treatment works. An overall strategy plan for increasing the potential of reuse is described. This plan includes firm cost management procedures, marketing activities, appropriate land planning measures and a commitment to research and development.

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Game-Theoretic Decision Support for Cyber Forensic Investigations

Sensors ◽

10.3390/s21165300 ◽

2021 ◽

Vol 21 (16) ◽

pp. 5300

Author(s):

Antonia Nisioti ◽

George Loukas ◽

Stefan Rass ◽

Emmanouil Panaousis

Keyword(s):

Cyber Security ◽

Strategic Decisions ◽

Bayesian Games ◽

Bayesian Game ◽

Cyber Forensics ◽

Detection And Attribution ◽

Different Types ◽

Game Theoretic ◽

The Cost

The use of anti-forensic techniques is a very common practice that stealthy adversaries may deploy to minimise their traces and make the investigation of an incident harder by evading detection and attribution. In this paper, we study the interaction between a cyber forensic Investigator and a strategic Attacker using a game-theoretic framework. This is based on a Bayesian game of incomplete information played on a multi-host cyber forensics investigation graph of actions traversed by both players. The edges of the graph represent players’ actions across different hosts in a network. In alignment with the concept of Bayesian games, we define two Attacker types to represent their ability of deploying anti-forensic techniques to conceal their activities. In this way, our model allows the Investigator to identify the optimal investigating policy taking into consideration the cost and impact of the available actions, while coping with the uncertainty of the Attacker’s type and strategic decisions. To evaluate our model, we construct a realistic case study based on threat reports and data extracted from the MITRE ATT&CK STIX repository, Common Vulnerability Scoring System (CVSS), and interviews with cyber-security practitioners. We use the case study to compare the performance of the proposed method against two other investigative methods and three different types of Attackers.

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A Bibliometric Analysis of the Global Trend of Using Alginate, Gelatine, and Hydroxyapatite for Bone Tissue Regeneration Applications

Polymers ◽

10.3390/polym13040647 ◽

2021 ◽

Vol 13 (4) ◽

pp. 647

Author(s):

Mohamed Saiful Firdaus Hussin ◽

Aludin Mohd Serah ◽

Khairul Azri Azlan ◽

Hasan Zuhudi Abdullah ◽

Maizlinda Izwana Idris ◽

...

Keyword(s):

Tissue Engineering ◽

Bone Tissue Engineering ◽

Bone Tissue ◽

Bibliometric Analysis ◽

Research Work ◽

The United States ◽

Research Area ◽

Bone Tissue Regeneration ◽

Future Research ◽

Starting Point

Collecting information from previous investigations and expressing it in a scientometrics study can be a priceless guide to getting a complete overview of a specific research area. The aim of this study is to explore the interrelated connection between alginate, gelatine, and hydroxyapatite within the scope of bone tissue and scaffold. A review of traditional literature with data mining procedures using bibliometric analyses was considered to identify the evolution of the selected research area between 2009 and 2019. Bibliometric methods and knowledge visualization technologies were implemented to investigate diverse publications based on the following indicators: year of publication, document type, language, country, institution, author, journal, keyword, and number of citations. An analysis using a bibliometric study found that 7446 papers were located with the keywords “bone tissue” and “scaffold”, and 1767 (alginate), 185 (gelatine), 5658 (hydroxyapatite) papers with those specific sub keywords. The number of publications that relate to “tissue engineering” and bone more than doubled between 2009 (1352) and 2019 (2839). China, the United States and India are the most productive countries, while Sichuan University and the Chinese Academy of Science from China are the most important institutions related to bone tissue scaffold. Materials Science and Engineering C is the most productive journal, followed by the Journal of Biomedical Materials Research Part A. This paper is a starting point, providing the first bibliometric analysis study of bone tissue and scaffold considering alginate, gelatine and hydroxyapatite. A bibliometric analysis would greatly assist in giving a scientific insight to support desired future research work, not only associated with bone tissue engineering applications. It is expected that the analysis of alginate, gelatine and hydroxyapatite in terms of 3D bioprinting, clinical outcomes, scaffold architecture, and the regenerative medicine approach will enhance the research into bone tissue engineering in the near future. Continued studies into these research fields are highly recommended.

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