scholarly journals Cost management as a factor for improving enterprise economic security

2019 ◽  
pp. 83-88
Author(s):  
Iryna Markina ◽  
Valeriya Lenʹ ◽  
Vitaly Shapka
Keyword(s):  
Defense Mechanism ◽  
Cost Management ◽  
Financial Economic ◽  
Economic Security ◽  
Integrated System ◽  
Production Costs ◽  
Fixed Costs ◽  
The Difference ◽  
Main Thing ◽  
Cash Cost

Introduction. Modern enterprises operate in conditions of political and economic instability. This requires enterpris-es to build an integrated system for ensuring economic security. In Ukraine, the issue of economic security is relevant. But not fully understood. Need to clarify issues related to improving cost management. This is a factor in improving the econom-ic security of the enterprise. The purpose of the study is the theoretical and practical justification of cost management. Results. One of the the main goal of the enterprise is maximum profit. A factor in the success of enterprises is to re-duce production costs. Business security is a prerequisite for stable sustainable development and effective operation of the enterprise. Economic security depends on many factors: the actions of competitors, unsuccessful state policies, changing market conditions, and crisis phenomena. Object of enterprise security: personnel (managers, structural divisions, share-holders and employees), financial, economic, material and intellectual capital of the enterprise; specifics of activity. The head of the enterprise makes a decision. The decisions concern the price of the product, the amount of expenses. Costs - a decrease in the volume of material assets, cash. Cost management involves functions: forecasting, planning, rationing, organization, calculation, motivation and stimulation, accounting, analysis, regulation and control of expenses. Conclusions. We consider the “Cost-Volume-Profit” (CVP- analysis) analysis to be successful. It allows you to iden-tify changes in costs. The dependence of changes in production volumes and incomes on sales is studied; expenses and net profit. It’s substantiated that cost and profit planning using CVP analysis has limitations. Marginal income (profit) – the difference between sales revenue and variable costs. The higher the marginal income level, the faster fixed costs are reim-bursed. The average marginal income is an “indicator” of the contribution of a unit of production to covering fixed costs. The purpose of break-even analysis (CVP-analysis) is to predict financial results. Break-even analysis of economic activity is an indicator of the brink of effective and inefficient management. The same is the condition for maximizing profits. The main thing is an effective defense mechanism of the enterprise. Provides economic security of the enterprise from the threat of bankruptcy. Keywords: economic security, cost management, profit, costs, cost-volume-profit analysis.

scholarly journals ANTI-CRISIS PERSONNEL MANAGEMENT IN THE PROCESS OF ENSURING THE ECONOMIC SECURITY OF THE ENTERPRISE

2020 ◽  
Vol 21 (1) ◽  
pp. 272-281 ◽  
Author(s):  
Stepan Melnyk ◽  
Natalia Shuprudko ◽  
Iryna Kolosovska ◽  
Ihor Berest ◽  
Mykhaylo Pasichnyk
Keyword(s):  
Personnel Management ◽  
Economic Security ◽  
Current Level ◽  
Integrated System ◽  
Negative Consequences ◽  
Internal Factors ◽  
Effective Implementation ◽  
The World ◽  
The Difference ◽  
The Impact

Crisis phenomena in many countries of the world do not allow enterprises to develop. Enterprises have to face permanent threats and risks that significantly reduce the current level of their economic security, the problem of creating a protection system, that is, an integrated system of economic security has become a priority. The aim of the article is to determine the impact of the crisis on the management process and the efficiency of personnel use as the basis for the development of anti-crisis solutions, the implementation of which should provide the necessary level of economic security for the enterprise. The results of our study allowed us to identify possible options that ensure the effective implementation of anti-crisis personnel management, focused on restoring the level of economic security necessary for the functioning and development of the enterprise. It was found that in the process of implementing anti-crisis personnel management it has a number of features caused by both the difference in the impact of the crisis, that is, the presence of positive and negative consequences, and a significant list of external and internal factors that must be taken into account when developing each individual anti-crisis solution.

Establishment and Production Costs for Peach Orchards in Florida: Enterprise Budget and Profitability Analysis

EDIS ◽  
2017 ◽  
Vol 2017 (4) ◽  
Author(s):  
Ariel Singerman ◽  
Marina Burani Arouca ◽  
Mercy A. Olmstead
Keyword(s):  
Discount Rate ◽  
Production Costs ◽  
Fixed Costs ◽  
Average Price ◽  
Land Preparation ◽  
Profitability Analysis ◽  
Enterprise Budget ◽  
Marketable Fruit ◽  
Peach Orchard

The article summarizes the establishment and production costs, as well as the potential profitability of a peach orchard in Florida. Our findings show the initial investment required for a peach operation in Florida to be $6,457 per acre; the expense in land preparation and planting alone in year 1 is $2,541 per acre. Variable and fixed costs in years 2 through 15 average $5,680 per acre. As an example of profitability, when using a 10% discount rate, an operation yielding 6,525 (7,254) pounds of marketable fruit per acre during its most productive years obtains a positive NPV when the average price is $2.38 ($2.13) per pound.

SELISIH BIAYA PRODUKSI SEBAGAI ALAT PENGENDALIAN MANAJEMEN PT INDO PUSAKA BERAU

2019 ◽  
Vol 3 (02) ◽  
pp. 397
Author(s):  
SAFITRI NURHIDAYATI ◽  
RIZKI AMELYA SYAM
Keyword(s):  
Raw Materials ◽  
Field Research ◽  
Analytical Tool ◽  
Production Costs ◽  
Raw Material ◽  
Labor Costs ◽  
Material Costs ◽  
Library Research ◽  
The Difference ◽  
The Cost

This study aims to analyze whether the difference that occurs in the cost of raw materials, direct labor, and factory overhead costs between the standard costs and the actual costs in PLTU LATI is a difference that is favorable or unfavorable. Data collection techniques with field research and library research. The analytical tool used is the analysis of the difference in raw material costs, the difference in direct labor costs and the difference in factory overhead costs. The hypothesis in this study is that the difference allegedly occurs in the cost of raw materials, direct labor costs, and factory overhead costs at PT Indo Pusaka Berau Tanjung Redeb is a favorable difference. The results showed that the difference in the cost of producing MWh electricity at PT Indo Pusaka Berau Tanjung Redeb in 2018, namely the difference in the price of raw material costs Rp. 548,029.80, - is favorable, the difference in quantity of raw materials is Rp. 957,216,602, - is (favorable) , the difference in direct labor costs Rp 2,602,642,084, - is (unfavorable), and the difference in factory overhead costs Rp 8,807,051,422, - is (favorable) This shows that the difference in the overall production cost budget is favorable or profitable. This beneficial difference shows that the company is really able to reduce production costs optimally in 2018.  

scholarly journals Cycle-oriented approach to building a model of production costs

2020 ◽  
Vol 17 ◽  
pp. 00124
Author(s):  
Elena P. Polikarpova ◽  
Igor E. Mizikovskiy
Keyword(s):  
Cost Management ◽  
Modern Science ◽  
Management Control ◽  
Point Of View ◽  
Production Costs ◽  
Production Cycle ◽  
Agricultural Activity ◽  
Management Tools ◽  
Agricultural Enterprises ◽  
Oriented Approach

Modern science and practice does not have a sufficient set of cost management tools, taking into account the duration of the production cycle, characteristic of agricultural activity. The implementation of a cycle-oriented approach to building a model of production costs was based on studying the existing options for classifying production costs, which were supplemented with features from the perspective of managing long production cycles. As a result of the study, a model of production costs was built from the point of view of a cycle-oriented approach, as well as a model of production costs from the standpoint of features of a long production cycle. The model can serve as the basis for the formation of the information space of cost management, control and cost analysis in the economy of agricultural enterprises.

B. ANALISA KELAYAKAN BISNIS PADA UMKM (Study Kasus Pada Usaha Tempe Murni Ita)

2019 ◽  
Vol 2 (1) ◽  
pp. 10-19
Author(s):  
Agus Jonikar Ndraha ◽  
Avan Joko Prasetyawan ◽  
Ida Kurnia Wati ◽  
Ilmia Cahyasari ◽  
Nafa Alya Shintya ◽  
...  
Keyword(s):  
Production Costs ◽  
Survey Method ◽  
Variable Cost ◽  
Fixed Costs ◽  
Net Income ◽  
Average Income ◽  
Total Cost ◽  
Net Profit ◽  
Business Analysis ◽  
Gross Income

Abstrak Tahun demi tahun, persaingan bisnis tempe di wilayah Surabaya kian ketat. Oleh karena itu diperlukan sebuah studi untuk mengkaji kelayakan bisnis tersebut. Tujuan dari makalah ini adalah Sebagai acuan untuk mengetahui semua biaya produksi, pendapatan kotor dan pendapatan bersih usaha tempe serta kelayakan usaha tempe di Surabaya. Penelitian dilaksanakan di daerah Sukomanunggal dengan menggunakan metode surve. Hasil penelitian menunjukkan bahwa: Rata-rata biaya total sebesar Rp 2.144.590 yang dihasilkan dari penjumlahan biaya tetap rata-rata sebesar Rp 160.590 dengan biaya variabel rata-rata sebesar Rp 1.984.000. Laba bersih rata-rata sekitar Rp 955.410 dari pendapatan rata-rata sebesar Rp 3.100.000 dikurangi dengan semua pengeluaran Rp 2.144.590. Analisis kewajaran usaha adalah dengan menyusun pendapatan dan pengeluaran secara keseluruhan. Rata-rata semua pendapatan Rp 3.100.000 dan semua pengeluaran rata-rata sebesar Rp 2.144.590. Dengan rasio 1,45 usaha tempe murni ITA layak untuk dijalankan.  Kata Kunci : Biaya produksi, Pendapatan kotor, Pendapatan bersih, Kelayakan usaha   Abstract From year to year, Tempe business competition in the Surabaya area is getting tougher. Therefore a study is needed to study the feasibility of the business. The purpose of this paper is as a reference to find out all the production costs, gross income, and net income of tempe businesses and the feasibility of tempe businesses in Surabaya. The study was carried out in the Sukomanunggal area using a survey method. The results showed that: The average total cost of Rp 2,144,590 resulted from the sum of the average fixed costs of Rp 160,590 with an average variable cost of Rp 1,984,000. Net profit averaged around Rp. 955,410 from an average income of Rp. 3,100,000 minus all expenses of Rp. 2,144,590. The reasonableness of business analysis is to compile overall income and expenditure. The average income of all Rp 3,100,000 and all expenses averaged Rp 2,144,590. With a ratio of 1.45, pure ITA tempe business is feasible to run.  Keywords : Production costs, Gross income, Net income, Business feasibility

Prospects for methodological support of procedures for managing the economic security of enterprise activities

2021 ◽  
Vol 39 (6) ◽  
Author(s):  
Elvira I. Danilova ◽  
Valentyna M. Marchenko ◽  
Yuliia O. Kovalenko ◽  
Oksana P. Ovsak ◽  
Veronika Ye. Komandrovska
Keyword(s):  
Research Work ◽  
Security Management ◽  
Subsequent Development ◽  
Economic Security ◽  
Integrated System ◽  
Economic Situation ◽  
Qualitative Assessment ◽  
Management Procedures ◽  
Methodological Procedures ◽  
Combination Of Methods

In this scientific study, the task is to consider the issues of methodological support of analytical procedures for managing economic security. The relevance of the issues under study is due to the need to ensure that the choice of methods for assessing the economic security of enterprises is consistent in the context of the real economic situation in society and the assessment of the degree of economic threats that occur in the activities of enterprises of various forms of ownership. Since the economic security of an enterprise is characterised as the state of security conditions for the implementation of its functions (through the introduction of resources, the implementation of the accumulated economic potential, prevention of hazards and risk management), therefore, an integrated economic security management system is based on an integrated system for assessing the general condition, and the latter, in a complex combination of methods assessment for the implementation of assessment objectives and the achievement of its goal. The purpose of this research work is to determine the prospects for high-quality methodological support of economic security management procedures. The leading approach to the implementation of the purpose of this research work is a combination of analytical and logical methods of researching the issues raised in its topic. The main results of this research should be considered: the development of a conceptual model for determining the level of economic security of an enterprise and the direction for setting the tasks of assessing composite systems of economic security. Prospects for further scientific research in a given direction were determined by the significance of the research topic in the context of the subsequent development of the economic situation in the country and the resulting need for a timely and correct assessment of the degree of risks of economic activity, as well as the proper provision of methodological procedures for their assessment. The applied value of this research work is in the possibility of practical application of the results obtained in theory in order to create opportunities for a qualitative assessment of the level of methodological support for the possibilities of analysing the effectiveness of managing the economic security of an enterprise, functioning in a real economic situation.

scholarly journals An Economic Analysis of The Costs of Producing Tomato Under Greenhouse in Anbar Governorate For the Agricultural Season 2019-2020

2021 ◽  
Vol 904 (1) ◽  
pp. 012061
Author(s):  
I A Mohammed ◽  
M A K Al Dulaimi
Keyword(s):  
Agricultural Sector ◽  
Great Difficulty ◽  
Production Costs ◽  
Coefficient Of Determination ◽  
Optimal Size ◽  
Production Volume ◽  
Fixed Costs ◽  
Average Production ◽  
Local Product

Abstract The research aims to analyze the costs of producing tomato under greenhouses in Anbar Governorate for the agricultural season (2019-2020), based on field data of 16 samples selected randomly. The results of the analysis shows that fixed costs constitute about (44.20%), while variable costs constitute about (55.80%) of the total costs. The average production costs in the research sample are about (109808) dinars/ton. The long-term cubic function was the best among the functions that express the relationship between production costs as a dependent variable and production and the number of greenhouses on the farm as independent variables. This is due to its analogy with the logic of economic theory. The modified coefficient of determination in it R-2 reached (0.98). It is found that the optimal size of the farm includes (3) greenhouses. It achieves the optimum production volume of (21.17) tons/farm. The average cost is about (64193) dinars/ton. (62.5%) of the farmers in the study sample achieve capacity savings, while (31.25%) do not achieve any savings. As for the percentage of farmers who achieve low rates of economic efficiency, they reach about (6.25%). The supply function shows that the elasticity of supply decreases with the increase in production. This means that the farmer faces great difficulty in controlling production in the event of price changes. The study recommended the needed to raise the marketing efficiency of the products of the agricultural sector and to protect the local product to help the Iraqi farmer attain the ability to compete.

scholarly journals MAIN ASPECTS OF THE ORGANIZATION OF ACCOUNTING AND ANALYTICAL SUPPORT AND COST MANAGEMENT OF THE ENTERPRISE

2021 ◽  
Author(s):  
Antonina Kosiak ◽  
Olena Lytovchenko
Keyword(s):  
Financial Reporting ◽  
Cost Management ◽  
International Standards ◽  
Production Costs ◽  
International Financial Reporting Standards ◽  
Reporting Standards ◽  
Financial Reporting Standards ◽  
Support Organization ◽  
The Right

One of the most important indicators of production and economic activity of enterprises, which has a direct impact on financial performance is costs. The article defines the economic meaning of the concept of "costs", "production costs". Features of accounting and analytical support, organization of accounting and cost management, cost classification are considered. Classification is one of the methods of cognition and study of phenomena, processes, objects, which consists in their division into classes on the basis of certain features, properties and patterns of relations between them. The classification of costs helps to assess the costs incurred, to find possible features to increase cost efficiency and make the right decisions about their management. Classification of costs is the basis of their accounting, analysis and planning in the enterprise. Cost management takes into account such components as rationing, planning, cost accounting, deviation control and cost analysis, cost management and decision making. The problem of cost management is quite relevant for Ukrainian enterprises. Today, all businesses face the problem of applying International Financial Reporting Standards. The peculiarities of cost reflection according to International Financial Reporting Standards and National Accounting Standards (standards) are studied and analyzed. Achieving a high or sufficient level of each of the production or management processes of financial activities of economic entities must be accompanied by certain costs, the economic content of which will vary depending on the object. However, the owners (managers) of the enterprise or its individual structural unit must be clearly aware of what exactly the costs contribute to the creation and maintenance of the organization and their timely optimization. The Conceptual Basis of Preparation and Submission of Financial Statements means true presentation, prevalence of substance over form, prudence, completeness. These requirements formed the basis for the formation of accounting principles in International Standards and, accordingly, in Ukraine.

scholarly journals Ferramenta para Análise e Gestão de Custos da Atividade Cafeeira em Pequenas e Médias Propriedades Rurais

2021 ◽  
Vol 24 (40) ◽  
pp. 86-92
Author(s):  
Luiz Felipe Sacardo ◽  
Michele Ribeiro Ramos
Keyword(s):  
Production Costs ◽  
Process Efficiency ◽  
Efficiency Gain ◽  
Cash Flow Management ◽  
Financial Gain ◽  
Personal Finances ◽  
Precise Analysis ◽  
Export Volume ◽  
Coffee Farmers ◽  
The Difference

ResumoO Agronegócio é responsável por cerca de ¼ das riquezas geradas anualmente no Brasil. Dentro deste universo a cultura cafeeira é responsável por cerca de 10% do volume total das exportações deste setor. A viabilidade da produção cafeeira em qualquer escala depende fortemente da agregação de qualidade no produto final, eficiência nos processos e o controle dos custos da atividade. Os pequenos e médios cafeicultores, de maneira geral, ainda carecem de uma estrutura administrativa que lhes permita conhecer e gerencia adequadamente suas finanças, apesar de existir uma consciência da necessidade do conhecimento e gerenciamento dos custos de produção o que ainda vemos são as finanças das atividades sendo misturadas com as finanças pessoais, impossibilitando qualquer tipo de análise precisa e ainda, uma forte tendência de subjugar os custos e despesas e de inflacionar os resultados finais, mesmo que estes não estejam explícitos. Fatores como má administração do fluxo de caixa ou até mesmo menosprezo por pequenas despesas no cálculo do resultado podem ser o diferencial entre aqueles produtores que prosperam e aqueles que têm de deixar a atividade. Palavras-chave: Microanálise de Empresas Agrícolas. Modelos Econométricos e de Entrada-Saída. Investimento. Abstract Agribusiness is responsible for about ¼ of the wealth generated annually in Brazil. Within this universe, coffee culture is responsible for about 10% of the total export volume of this sector. The viability of coffee production on any scale strongly depends on the aggregation of quality in the final product, process efficiency and cost control of the activity. With the administrative modernization of the activity efficiency is gained, and with the efficiency gain opportunities for greater financial gain arise, either through cost reduction or revenue increase. Small and medium coffee farmers, in general, still lack an administrative structure that allows them to know and manage their finances properly, although there is an awareness of the need for knowledge and management of production costs. What we still see is the finances of the activity mixed with personal finances, precluding any kind of precise analysis and yet a strong tendency to subjugate costs and expenses and to inflate final results, even if they are not explicit. Factors such as poor cash flow management or even contempt for small expenses in calculating income may be the difference between those who thrive and those who have to leave the business. Keywords: Micro Analysis of Farm Firms. Econometric and Input-Output Models. Investment.

ANALYSIS AND EVALUATION OF ENTERPRISE COST MANAGEMENT

2021 ◽  
Vol 1 (5) ◽  
pp. 15-20
Author(s):  
Yu. N. POLYUSHKO ◽  
Keyword(s):  
Economic Activity ◽  
Management System ◽  
Cost Management ◽  
Financial Economic ◽  
Enterprise Management ◽  
Analysis And Evaluation ◽  
Enterprise Management System ◽  
Production Resources

Currently, the role of evaluating and managing the costs of the enterprise has increased, since the scale of the profit that the manager will receive directly depends on them. Therefore, their study is a necessary criterion for further promotion and success in the enterprise market. In costs, all aspects of economic and financial-economic activity in the enterprise management system are synthesized, and the results of the use of all production resources are accumulated. The article presents the main conclusions and recommendations related to improving the efficiency of enterprise cost management.

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