COST MANAGEMENT OF AN ECONOMIC ENTITY IN A MODERN BUSINESS CONDITIONS

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.

scholarly journals THE MAIN DIRECTIONS OF ENSURING THE ECONOMIC SECURITY OF AN ECONOMIC ENTITY

2021 ◽  
pp. 65-73
Author(s):  
Vera Shumilina ◽  
Veronika Talanina
Keyword(s):  
State Policy ◽  
Economic Security ◽  
Economic Conditions ◽  
Economic Entity ◽  
Modern Economic ◽  
Business Entities

This article examines certain areas that ensure the economic security of business entities, the most relevant in modern economic conditions. It also reveals the main directions of state policy to create conditions for business entities in order to safely conduct their business.

Cost management in agribusiness organizations

2021 ◽  
pp. 24-34
Author(s):  
S. A. Tunin ◽  
A.V. Frolov
Keyword(s):  
Management System ◽  
Cost Management ◽  
Industrial Complex ◽  
Accounting System ◽  
Effective Cost ◽  
Modern Economic ◽  
The Subject ◽  
Cost Management System ◽  
Agricultural Organizations ◽  
The Cost

The article presents the results of the development and testing of cost management methods in agricultural organizations. The purpose of the activity of any organization that has set itself the task of extracting profit is its growth and increasing the efficiency of its activities. As a rule, all organizations strive to maximize their profits while minimizing the costs incurred. In modern economic conditions, such an approach is possible only with a properly constructed effective cost management system. Rational use of available resources by organizations of the agro-industrial complex with proper cost management will allow organizations to be competitive in the market and carry out their activities in the foreseeable future. The subject of the study is the cost management accounting system, the object of the organization of the agro-industrial complex of the Stavropol Territory. The information base was the forms of specialized reporting of agricultural organizations of the Stavropol Territory. The scientific novelty of the research consists in the development of a methodology for the cost management system in the agro-industrial complex organizations of the Stavropol Territory.

scholarly journals Model Development to Ensuring the Enterprise Financial Security

2019 ◽  
Vol 8 (4) ◽  
pp. 12196-12199
Keyword(s):  
Model Development ◽  
Economic Conditions ◽  
Financial Risks ◽  
Financial Security ◽  
Integrated Method ◽  
Economic Entity ◽  
Innovative Method ◽  
Modern Economic ◽  
The Stability ◽  
Commercial Organizations

In modern economic conditions, it is necessary for each organization to create a model of ensuring financial security that would be resistant to financial risks and actively stimulate the socio-economic development of an economic entity. The financial security of an enterprise is a complex, multifaceted concept that depends on many factors that arise both within the enterprise and beyond. That is why the financial security of enterprises is of great importance in ensuring the stability of the national economy and the need for an integrated method to financial security management, taking into account current business trends. The systematization and improvement of methodological to assess the financial security of commercial organizations is relevant and necessary. The article explores ways to assess the financial security of an organization and presents an innovative method that allows, based on the integrated indicator, to monitor changes in the level of financial security in dynamics.

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

2021 ◽  
pp. 10-14
Author(s):  
Sandra Eva Lomeli-Rodríguez ◽  
Arístides Pelegrin-Mesa ◽  
Antonio Sánchez-Batista ◽  
Inés Josefina Torres-Mora
Keyword(s):  
Strategic Management ◽  
Cost Management ◽  
Research Work ◽  
Strategic Decisions ◽  
Traditional System ◽  
Economic Entity ◽  
Precise Calculation ◽  
Measurement Analysis ◽  
Starting Point ◽  
The Cost

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.

EVOLUTION OF SCIENTIFIC THOUGHT ABOUT THE ESSENCE OF DEPRECIATION AND ITS SIGNIFICANCE IN THE DEPRECIATION POLICY OF THE ENTERPRISE

2021 ◽  
Vol 298 (5 Part 1) ◽  
pp. 264-269
Author(s):  
Larysa OVOD ◽  
Keyword(s):  
Strategic Management ◽  
Classical Approach ◽  
Market Conditions ◽  
New Approach ◽  
Fixed Assets ◽  
Investment Resource ◽  
Modern Business ◽  
Business Conditions ◽  
The Cost

The article examines the economic category of “depreciation” in the works of scientists and regulations: different positions, approaches, concepts, aspects and options. The main shortcomings about the role of depreciation in modern business conditions are emphasized: 1) neglect of the importance of the process of depreciation of fixed assets in the enterprise; 2) mixing the concepts of “depreciation”, “depreciation deductions”, “wear”; 3) appropriation of depreciation of functions not peculiar to it. There are eight main positions in the works of scientists about the economic essence of depreciation, but none of these positions corresponds to the role of depreciation in modern conditions. The main approaches to the interpretation of depreciation by scientists are as follows: 1) depreciation – a monetary expression of depreciation of fixed assets; 2) depreciation – the process of transferring the cost of depreciation of fixed assets to the cost of production; 3) depreciation – the method of accounting; 4) depreciation – an investment resource and a means of accumulating funds for further renewal of means of labor. The variety of approaches to the interpretation of the term “depreciation” made it possible to systematize and combine certain approaches in the concept of depreciation. The main conceptual and specific approaches the author considers the legislative, classical, including economic and accounting, as well as tax. The classical approach is based on the concept of depreciation and impairment of fixed assets, reimbursement of their value and reproduction. Based on the analysis of concepts and aspects of depreciation, a new approach to determining the nature of depreciation under market conditions has been formed.. Today, depreciation of fixed assets is an interactive tool for strategic management and optimization of the tax potential of the enterprise

scholarly journals MOTIVATIONAL MECHANISM AS A COMPONENT OF ENTERPRISE EFFICIENCY MANAGEMENT

2021 ◽  
Author(s):  
Svitlana Pysarenko ◽  
Vladyslav Yaremchuk ◽  
Oleksandr Sukhopar
Keyword(s):  
Corporate Culture ◽  
Economic Conditions ◽  
Practical Significance ◽  
Factors Influencing ◽  
National Economic ◽  
Motivational Mechanism ◽  
Modern Economic ◽  
Business Conditions ◽  
National Economic Development ◽  
Labor Potential

Regardless of industry and size, organizations strive to create a strong and positive relationship with their employees. However, employees have various competing needs that are driven by different motivations. Therefore, it is essential for an organization and its managers to understand what really motivates its employees if they intend to maximize its performance. The article reveals the essence of the mechanism of personnel motivation as a component of managing the efficiency of the enterprise in modern economic and business conditions. The relevance of this issue is caused by the need of searching for new approaches to constructing and implementing the effective mechanisms of using workers’ labor potential in the modern realities of national economic development. The article is aimed to determine the specifics of forming the motivational mechanism and its role in the strategy of enterprise’s efficiency management. As a result of the research the concept of “motivational mechanism in management” has been specified and the factors influencing its formation have been defined. The influence of motivation on the activity of workers has been considered, the methods and main tasks of labor motivation have been determined. The management methods of labor motivation of the personnel have been characterized and basic types of material and intangible motivation of workers have been analyzed. The article also proposes directions for improving the motivational mechanism in personnel management of the enterprise, and offers the algorithm of development of the motivational mechanism. The emphasis is also placed on increasing the corporate culture and social responsibility of the enterprise, and the urgent need for motivational monitoring. The practical significance of the research consists of recommendations for forming and improving a system of motivation, to increase the efficiency of use of the enterprise’s personnel due to constantly changing modern economic conditions. It is concluded that the presence of an effective motivational mechanism will positively affect productivity, which in its turn will affect all processes and results of the enterprise’s activity.

Elimination of Crisis Situation in Enterprise of Mechanical Industry

2015 ◽  
Vol 806 ◽  
pp. 308-315
Author(s):  
Dobrica Vesić
Keyword(s):  
Crisis Management ◽  
Global Financial Crisis ◽  
Economic Conditions ◽  
Financial Position ◽  
Business System ◽  
Modern Business ◽  
Business Conditions ◽  
Business Enterprises ◽  
Definition Of ◽  
The Global Financial Crisis

In modern business conditions companies are more or less characterized by complexity and fluctuation. Special economic conditions, particularly in terms of intensive processes of globalization and the global financial crisis, have shown a constant decrease profit-making of the enterprises in the machinery industry, and thereby worsening financial position. It is a kind of crisis of business enterprises in the less adaptable business-system environment. Crisis management comes to the fore a crisis, enterprises, primarily associated with the development of the situation in which the company has reached a critical point with certain characteristics. However, it is a definition of all the hallmarks of the crisis the company. In the narrower sense, the crisis of the company is to be understood as a process in which, unplanned and unwanted, endanger the fundamental economic objectives of the company - the goal of preserving invested capital, profit goal (profitability), the goal of preserving the liquidity and solvency of the company. Therefore identify four main phases of the crisis of business enterprises: strategic crisis, the crisis of profitability, liquidity crisis, liquidity and borrowing.

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.

scholarly journals SOCIAL COMMERCE AS ONE OF THE ASPECTS OF OMNI-CHANNEL COMMERCE MODEL

2018 ◽  
pp. 78-82
Author(s):  
Olga Nikolaevna Lipatova
Keyword(s):  
Service Sector ◽  
Economic Conditions ◽  
Social Commerce ◽  
Market Participants ◽  
Sales Channels ◽  
Logistics Services ◽  
Trading Model ◽  
Modern Economic ◽  
The Cost ◽  
Potential Customers

In modern economic conditions the consumer imposes strict requirements in the sales and service sector. The desire to choose the channel of purchasing goods and the ability to move from one channel to another are highlighted, while maintaining all the parameters of the goods and trade services. First of all, this applies to the cost of goods, logistics services and advertising campaigns. Thereby, it is obvious that omnichannel retailing model can be the most competitive. This trading model includes all possible sales channels, including telephone sales and social commerce. Many market participants have the opinion that social networks are a means to familiarize potential customers with the brand of the company. However, the dynamics of sales through this channel suggests otherwise. Practice shows that the competent use of marketing tools allows to effectively use this channel for both sales and to bring necessary information to the potential consumers and at the same time significantly save money allocated to the advertising campaign.

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