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.

scholarly journals ISSUES OF INCOME AND EXPENDITURE ACCOUNTING CAUSED BY FINANCIAL INVESTMENTS REVALUATION

2018 ◽  
pp. 233-237
Author(s):  
Volodymyr Priadko
Keyword(s):  
Current Practice ◽  
Fair Value ◽  
Comparison Method ◽  
Accounting System ◽  
Investment Activity ◽  
Scientific Methods ◽  
Corporate Rights ◽  
Financial Investments ◽  
Analysis And Synthesis ◽  
Grouping Method

Introduction. The nature of financial investments as an object of accounting is investigated. The procedure of financial investments revaluation is highlighted. Its importance for reducing the carrying amount of such assets to fair value is shown. Arrangement of results of financial investments revaluation in the accounting system is presented. The method of income and expenditure accounting, which is caused by financial investments revaluation, is proposed. Purpose. The aim of the research is to study the current practice of income and expenditure accounting, which are caused by revaluation of financial investments purchased in exchange for corporate rights. Method (methodology). In the process of research a number of scientific methods, including method of comparison, method of grouping, method of analysis and synthesis, has been used. Results. The article summarizes the scientific approaches to the nature of financial investments. Recommendations on improving income and expenditure accounting caused by revaluation of financial investments are developed for the purpose of reliable arrangement of the investment activity results in reports and adoption of balanced and sensible management decisions.

scholarly journals Cost management in track facilities of railway transport infrastructure

2018 ◽  
Vol 216 ◽  
pp. 02005
Author(s):  
Irina Solskaya ◽  
Sergei Belomestnykh
Keyword(s):  
Management System ◽  
Cost Management ◽  
Transport Infrastructure ◽  
Railway Transport ◽  
Theoretical Concepts ◽  
Analysis And Synthesis ◽  
General Scientific ◽  
Cost Management System ◽  
Effective Use ◽  
The Cost

The purpose of the study is definition and substantiation of the main development points of assessment and planning functions in the cost management system of railway transport infrastructure. Methods used in the study include general scientific analysis and synthesis, dynamic and structural analysis of economic indicators, as well as textual analysis of regulatory documents. Such approach enables to formulate industry-specific peculiarities of cost assessment based on general theoretical concepts of effective use of factors of production. The result of this study is an author's developed approach to cost management system for railway transport infrastructure.

scholarly journals Rules of Fixed Assets Accounting Should Be Changed

2020 ◽  
Vol 7 (1) ◽  
pp. 42-48
Author(s):  
V. G. Get’man
Keyword(s):  
Current Model ◽  
Production Capacity ◽  
Production Costs ◽  
Scientific Methods ◽  
Legal Norms ◽  
Managerial Decisions ◽  
Fixed Assets ◽  
Analysis And Synthesis ◽  
General Scientific

Nowadays the role of accounting in managing the economy of businesses is increasing. Accounting is one of the main information sources for making managerial decisions in organizations. However its current model calls for improvement of accounting of production capacity of economic entities namely accounting of fixed assets. The article aims at substantiating and developing the recommendations on how to improve the organization and methodology of fixed assets accounting. The existing legal norms and rules make the methodological basis for the study. The general scientific methods of comparison, deduction, analysis and synthesis are used in the study. The critical analysis of existing regulations on accounting of the fixed assets reveals substantial drawbacks related to accounting of fixed assets at the end of the normative useful life if these assets are still used in production; costs of fixed assets modernization and costs of their major repair. The author makes certain proposals on the amendment of existing rules of fixed assets accounting in order to make the reporting of the economic processes in this area more realistic and transparent. These proposals should be considered in the first run by the specialists in accounting methodology when developing a new standard.

MANAGEMENT APPROACH TO ACCOUNTING AND ANALYSIS OF PERSONNEL COSTS IN THE ORGANIZATION

2017 ◽  
Vol 6 (3) ◽  
pp. 70-76 ◽  
Author(s):  
Маличенко ◽  
I. Malichenko
Keyword(s):  
Statistical Approach ◽  
Cost Management ◽  
Management Approach ◽  
Personnel Costs ◽  
Goods And Services ◽  
Material Resources ◽  
Managerial Decisions ◽  
Management Approaches ◽  
The Cost

According to the accounting and management accounting, personnel costs are the second largest in terms of volume after material resources in the cost of goods and services. In this connection, the analysis of personnel costs and the adoption of well-founded managerial decisions for effective planning and development remain the priority for companies. The presence of only an accounting (statistical) approach to cost management does not allow you to determine the entire set of hidden costs associated with personnel management. The article compares the accounting and management approaches to the accounting and analysis of personnel costs, provides a management classification of costs for targeted and functional purposes, on the basis of which general and private HR-budgets are formed, followed by an assessment of the effectiveness of using planned costs. The lack of an administrative approach to the accounting of personnel costs in the organization leads to their substantial underestimation, to their impersonal consideration in the composition of the organization’s total expenses, which ultimately reduces the profit indicators and deforms the strategic attitudes of the organization

scholarly journals Accounting information when calculating the cost of production of an industrial enterprise as an element of cost management

2021 ◽  
Vol 81 (1) ◽  
pp. 86-95
Author(s):  
T. Kuvaldina ◽  
◽  
O. Zhaltyrova ◽  
Keyword(s):  
Economic Efficiency ◽  
Cost Management ◽  
Accounting Information ◽  
Cost Accounting ◽  
Industrial Enterprise ◽  
Cost Calculation ◽  
Market Conditions ◽  
Industrial Enterprises ◽  
Cost Of Production ◽  
The Cost

The data of calculating the actual cost of production are widely used in production management at industrial enterprises, to monitor compliance with the standard cost of production adopted by the enterprise, to identify ways to optimize labor costs and material resources. The level of cost depends on the activity of an industrial enterprise in a market economy: the amount of profitability, the economic efficiency of its activities. The choice of the method of cost accounting and calculating the cost of production depends on the specifics of the technology and organization of production, as well as the requirements of the efficiency of enterprise management. Studying the formation of accounting information when calculating the cost of production by type of product, comparing the level of costs with the revenue received makes it possible to determine the economic efficiency of production. The purpose of this study is to identify the problems of forming accounting information when calculating the cost of production for making decisions to reduce costs. The implementation of the research goal is facilitated by the use of methods of comparative analysis, synthesis, and graphical method for visualizing the results obtained. When considering the cost calculation, attention is paid to the fact that in market conditions there is a need for detailed cost accounting and calculation of the cost of production. If we take into account that in market conditions, prices for products are formed as demand increases, and demand is influenced by external factors, then we can only influence the costs based on the cost calculation. The basis for making effective management decisions will depend on how reliable and to what extent the accounting information is formed. Costs are the main constraint on the profit of industrial enterprises, since the main strategic goal of any enterprise is the mechanism for increasing profits. The ability to achieve this goal is limited by the following internal factors: the complexity of the cost grouping, technological processes, and the impact on product quality. It is necessary to improve the information system, which is based on the data of primary documents, document flow and the order of cost grouping. The proposed measures will contribute to strengthening the control function of the management and, as a result, effective cost management.

scholarly journals ANALYSIS OF STRATEGIC COST MANAGEMENT ASSISTING IN DECISION MAKING

2020 ◽  
Vol 8 (6) ◽  
pp. 481-501
Author(s):  
Yuri Barroso ◽  
Armando Souza Junior
Keyword(s):  
Service Provider ◽  
Quantitative Research ◽  
Cost Management ◽  
Research Strategy ◽  
Third Party ◽  
Sanitation Services ◽  
Strategic Cost Management ◽  
Tax Legislation ◽  
Managerial Decisions ◽  
The Cost

This work presents a study on the cost formation process of a third-party service provider from the Federal Public Administration to draw a parallel with the strategic cost management using the absorption and variable costing methods. As a methodology, a qualitative-quantitative research strategy, of an applied nature, was used, through a case study in a company that provides cleaning, conservation, and sanitation services. Data on 13 types of inputs (the highest values) were analyzed over six months. The values were highlighted referring to the input data of the Bidding Notice that led to the contracting of the service provider company, the inputs consumed by the client, and the inputs purchased by the company. The results of the study indicate that the company bought twice as much (119%) than the amount foreseen in the notice on the analyzed period. Using the precepts of Strategic Cost Management, in parallel with the absorption and variable costing methods, it can be observed that in terms of making managerial decisions, the second (variable costing) forwards more critical information to the manager than the first ( absorption costing), resulting from the concern of complying with Brazilian tax legislation, without considering the inherent tax costs (not only) in the operational structure of the type of service object in this study.

scholarly journals The change of natural landscape in Lithuania

2020 ◽  
Author(s):  
Giedre Ivaviciute ◽  
Keyword(s):  
Method Comparison ◽  
Comparison Method ◽  
Water Bodies ◽  
Ecosystem Functions ◽  
Natural Forests ◽  
Natural Landscape ◽  
Scientific Methods ◽  
Grouping Method ◽  
The Republic ◽  
Analysis Determination

The purpose of this article is to carry out an analysis of the natural landscape of the Republic of Lithuania in 2004–2019. During the preparation of the article, the following scientific methods were used: literature analysis, determination and evaluation of the current situation, grouping method, comparison method, graphical method, analytical and statistical analysis methods, logical analysis. The article analyzes the change of the area of natural (natural, subnatural) landscape components (natural forests, wetlands, water bodies) during the period between the years 2004 and 2019. The analysis showed that the two components of the natural landscape of the Republic of Lithuania during 2004–2019 increased: the forest area (132,849.03 ha or 6.15%) and water bodies (3,668.49 ha or 1.38%). Unfortunately, the area of wetlands has decreased by 50,990.20 ha (35.05%). During the analyzed period, the natural landscape of Lithuania increased by 85527.97 ha or 3.39%. At present, it is particularly important to care for and restore valuable landscape complexes to fulfill their ecosystem functions. One of the most important challenges is to reconcile urbanization and nature conservation so as not to reduce significant areas of the country’s natural landscape.

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.

scholarly journals Improving the Cost Management System at a Construction Enterprise

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.

Development of a State Tax Risk Management System

2020 ◽  
Vol 17 (6) ◽  
pp. 62-75
Author(s):  
A. V. Tikhonova
Keyword(s):  
Risk Management ◽  
General Scheme ◽  
Value Added ◽  
Comparison Method ◽  
The State ◽  
Scientific Methods ◽  
Traceability System ◽  
Road Map ◽  
State Tax ◽  
Presentation Methods

The article is devoted to the development of the concept of the state to manage its tax risks, based on a systematic approach. The author's concept presupposes the presence of the following elements logically arranged according to the principle "from the general to the particular": 1) mechanisms for managing tax risks, 2) disclosing methodological recommendations, 3) specific proposals for changing legislation. To achieve this goal, the author used general scientific methods (deduction and induction, analysis and synthesis, observation, description, generalization) and private scientific methods of cognition (comparison method, graphical and tabular data presentation methods). We have presented a brief overview of the main tax risks of the Russian Federation in the current economic environment, which are classified in four areas: 1) risks in the field of value added taxation; 2) risks in the field of taxation of profits and income; 3) risks, the source of which is Russia's membership in the Eurasian Economic Union; 4) customs risks. The author presents a general scheme of tax risk management by the state, which includes the context, goals and management strategy. The priority mechanisms for managing the tax risks of the state are formulated on the basis of the presented classification of tax risks. These areas include: introduction of an end-to-end product traceability system; substantiation of taxation methods; joint elimination of tax risks (Federal Tax Service, Federal Customs Service, Ministry of Labor, Federal Service for Financial Monitoring); optimization of tax administration costs on the part of both tax authorities and taxpayers; harmonization of indirect taxation, including duty-free trade; harmonization of international tax rules at the international level; selection of the most effective tools for eliminating multiple taxation. A draft "road map" has been developed to improve the management of state tax risks.

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