ACTUAL PROBLEMS OF ACCOUNTING EXPENDITURES FOR THE OUTPUT OF PRODUCTS

2021 ◽  
pp. 28-35
Author(s):  
Yulia N. Tuzkova ◽  
Olga I. Arlanova
Keyword(s):  
Technology Development ◽  
Cost Accounting ◽  
Accounting System ◽  
Managerial Accounting ◽  
Accounting Systems ◽  
Financial Responsibility ◽  
Modern Enterprise ◽  
Market Factors ◽  
Information Technology Development ◽  
Cost Determination

At present stage of the market economy development, characterized by decrease in its growth rate and increasing competition, it becomes urgent to search for new ways to increase the competitiveness of Russian companies. One of the more reliable ways to increase it is to reduce the cost of production, which characterizes the efficiency of products manufacturing at a particular enterprise. Effective management of the manufacturing process at an enterprise depends on how well cost accounting and output cost determination are organized and how timely the information about expenditures is received by persons making long-term and short-term management decisions. The article deals with the issues of accounting for expenditures on manufacturing work at an enterprise, directions for improving cost accounting. In the course of the study, it is revealed that the modern system of accounting for production expenditures faces a number of problems. One of them is the lack of a unified approach to determining the method of accounting for production expenditures in a modern enterprise. In addition, such a problem as control over operating expenditures has been identified due to insufficient organization of expenditures accounting at the place of their occurrence, as well as by the center of financial responsibility and product varieties. The problem of different levels in information technology development at specific enterprises is also considered, which is considered to be a deterrent to the introduction of more advanced expenditures accounting methods. New opportunities in automation of the accounting system for production expenditures are disclosed and new directions are proposed in projects for implementing operational production cost accounting systems. The results can be used for scientific and practical activities related to research in the field of accounting, financial and managerial accounting. The authors make a conclusion on the need to improve the accounting of production expenses, which is dictated by such market factors as competition, pricing, assortment policy, expediency of investments, etc.

scholarly journals Implementation of management accounting in the system of economic monitoring of activities in the context of globalization

2020 ◽  
Vol 7 (12) ◽  
pp. 97-104
Author(s):  
Д. В. Адамов ◽  
М. А. Юхненко ◽  
Є. Р. Богдяж
Keyword(s):  
Balanced Scorecard ◽  
Management Accounting ◽  
Evolutionary Development ◽  
Accounting System ◽  
Managerial Accounting ◽  
Accounting Systems ◽  
Accounting Information Systems ◽  
The Balanced Scorecard ◽  
Independent Analysis ◽  
Legislative Framework

The article deals with the problems that arise during the implementation of the concept of modern management accounting for Ukrainian enterprises by introducing new accounting systems and developing approaches to accounting and information generalization of transaction costs in order to effectively manage them in the globalized economy. The existing system of introduction of management accounting at enterprises is examined and the introduction of management accounting on foreign examples is considered, namely the balanced system of indicators, which is already actively used abroad and is just beginning its development in Ukraine. The research of this topic is related to the change of accounting information systems in modern conditions and the need to create a global accounting system, and adjustments are made to management accounting functions. The article compares and defines the distinctive features of accounting, and its composition of financial, tax and management accounting. A clear algorithm for the construction of this system at the enterprise and indicators that must be calculated for a complete and independent analysis of the work of the enterprise are distinguished and described. The ambiguous interpretation of the concept of managerial accounting in the course of its evolutionary development has led to the study of this topic. The article presents a system of metrics that are calculated within the Balanced Scorecard system used by the enterprise. The problems of implementing a balanced scorecard based on the experience of corporations already using the system are also discussed. The lack of legal and legislative framework to stimulate and encourage the introduction of this concept into the practice of management accounting in Ukraine leads to the unsatisfactory functioning of this system. According to the results of the research, the recommendations on the introduction of management accounting in the system of economic monitoring of activity in the conditions of globalization are given.

Can cost and financial accounting be fully re-integrated? The role of the French state in the separation of accounting systems and the failed attempt of the système croisé to re-integrate them

2012 ◽  
Vol 17 (3-4) ◽  
pp. 437-461 ◽  
Author(s):  
Yves Levant ◽  
Marc Nikitin
Keyword(s):  
Dominant Role ◽  
Cost Accounting ◽  
The State ◽  
Financial Accounting ◽  
Accounting System ◽  
Accounting Systems ◽  
Failed Attempt

This article questions whether the separation of financial and cost accounting in France is an irreversible trend. We begin by showing that the integration of financial and cost accounting was quite “natural” up until the 1940s. We then show that after that date, State-imposed standardization of financial accounting led to separation of the two types of accounting. Last, we study the efforts of one individual, Jean-Pierre Lagrange, to promote a return to an integrated accounting system in the 1980s by means of his method named the système croisé. His efforts were in vain. In our opinion, this failure was not due to technical reasons, but can be attributed to the interaction of the interests of the main actors. Among these actors, the State played a dominant role in France by standardizing financial accounting. In addition, Lagrange was unable to obtain the backing of a network of allies to spread his accounting system.

scholarly journals The Theoretical Substantiation of Cost Accounting in the Light of Conflicting Approaches (English version)

2006 ◽  
Vol 2 (3) ◽  
pp. 124
Author(s):  
Marcell Schweitzer
Keyword(s):  
Cost Accounting ◽  
Steering System ◽  
Separation Theorems ◽  
Accounting System ◽  
Accounting Systems ◽  
Theoretical Substantiation ◽  
Income Statement ◽  
Definition Of ◽  
Cost Accounting System ◽  
Income Accounting

In Germany, a discussion has been in progress for a number of years on the theoretical substantiation and the necessity of an independent cost accounting system. The spectrum of views involved ranges from a complete integration of cost accounting (internal income statement) into the profit and loss statement (external income statement) to as complete a separation as possible of the two income accounting systems. This contribution will represent, from a German standpoint, how the discussion has developed, and what its present state is.The conclusion of this contribution is a recommendation of a theoretically substantiated separation of the two types of income statements.The contribution pursues several different purposes:(a) an identification of the historical roots of the theoretical basis of cost accounting,(b) an account of the problem field of the firm and its structures,(c) a definition of the position of separations and separation theorems,(d) an analysis of perspectives of investigation of a theoretical substantiation,(e) a methodical orientation of cost accounting by the planning and steering system,(f) an account and appreciation of recent contributions on the theoretical substantiation,(g) a theoretical substantiation of an independent cost accounting system.

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

scholarly journals Activity-based costing on the example of prune-drying company

2014 ◽  
Vol 59 (3) ◽  
pp. 363-373
Author(s):  
Nikola Popovic ◽  
Marina Vasilic
Keyword(s):  
Indirect Costs ◽  
Cost Accounting ◽  
Production Costs ◽  
Quality Data ◽  
Accounting System ◽  
Activity Based Costing ◽  
Accounting Systems ◽  
Business Decision ◽  
Modern Approach ◽  
Cost Accounting System

This paper examines the possibility of application of the activity-based costing in a company engaged in drying fruit. Activity Based Costing (ABC) was developed due to the shortcomings of traditional cost accounting systems, which was shown to have serious limitations, on one hand, and due to the need for more accurate cost price, on the other. This is of great importance for business decision making, which requires quality data and information, because the intense technical and technological progress has significantly altered the environment companies operate in. Along with this fact, major changes in cost structure occurred, which reflected through the increase of the indirect cost portion, and decrease of direct labor and material costs. Traditional cost accounting methods allocate indirect production costs using keys which are no longer appropriate for the new circumstances, and therefore typically allocate unreasonably high amount of indirect costs to those products which are produced in larger series. ABC cost accounting system firstly allocates indirect costs to pre-defined activities, and afterwards carries them to cost and profit drivers. The application of ABC costing in Serbia is at the very beginning. Having in mind that the privatization and the restructuring phase in the economy is followed by the establishment of a new management with fresh ideas, this can be a good timing for companies to introduce modern approach and modern methods of cost accounting. ABC method is very convenient for application in service companies, food processing industry, confectionery companies, driers, sugar refineries, breweries, dairies, mills etc.

Cross-National Differences in Cost Accounting of MNEs: Empirical Evidence from Anglophone Subsidiaries in Germany

2017 ◽  
Vol 16 (2) ◽  
pp. 71-100 ◽  
Author(s):  
Peter Kajüter ◽  
Moritz Schröder
Keyword(s):  
Multinational Enterprises ◽  
Cost Accounting ◽  
Accounting System ◽  
Foreign Subsidiaries ◽  
Accounting Systems ◽  
National Differences ◽  
Management Accountants ◽  
Managerial Implications ◽  
Cost Accounting System ◽  
Cross National

ABSTRACT Anecdotal evidence shows that multinational enterprises (MNEs) encounter difficulty in imposing their cost-accounting standards internationally because foreign subsidiaries prefer to follow their local cost-accounting traditions. Although prior research has revealed cross-national differences in management accounting, particularly between anglophone and German-speaking countries, the determinants and consequences for cost-accounting systems in foreign subsidiaries of MNEs are largely unexplored. This study therefore investigates the design of cost-accounting systems in German subsidiaries of anglophone MNEs. The empirical results reveal that anglophone cost-accounting traditions prevail in two-thirds of anglophone subsidiaries. Based on new institutional sociology, this study explores the determinants and identifies strong coercive pressures by anglophone parent companies, suggesting that anglophone MNEs standardize their cost-accounting systems globally using their home country cost-accounting traditions. The results also show that both management accountants and managers in German subsidiaries of anglophone MNEs assess their cost-accounting system as worse when it is shaped by anglophone traditions. Managerial implications are discussed.

scholarly journals Management accounting as an effective tool of management of a modern enterprise

2021 ◽  
Vol 9 (1(18)) ◽  
pp. 53-58
Author(s):  
Ruslana Shurpenkova ◽  
Oksana Sarahman
Keyword(s):  
Management Accounting ◽  
Management Tool ◽  
Enterprise Management ◽  
Successful Implementation ◽  
Accounting System ◽  
Competitive Advantages ◽  
System Construction ◽  
Managerial Accounting ◽  
Modern Enterprise ◽  
Enterprise Management System

The article analyzes the role of managerial accounting in the enterprise management system. It is established that managerial accounting is an effective management tool because it creates competitive advantages in a market environment. The main principles of managerial accounting system construction at the enterprise are highlighted, its importance for effective functioning is substantiated. The main problems hindering the management accounting implementation and planned measures for successful implementation of this process at Ukrainian enterprises are also analyzed.

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.

Cost Control of the Civil Engineering Based on Activity-Based Costing

2013 ◽  
Vol 710 ◽  
pp. 790-793
Author(s):  
Yan Hong Liu ◽  
Guang Ling Hu ◽  
Qin Li Wang
Keyword(s):  
Civil Engineering ◽  
Cost Management ◽  
Cost Accounting ◽  
Engineering Industry ◽  
Accounting System ◽  
Activity Based Costing ◽  
Traditional Management ◽  
Accounting Systems ◽  
Management Accounting Systems ◽  
Cost Accounting System

In order to solve the current problems of cost management in civil engineering industry by using traditional management accounting systems, an effective method of activity-based costing is presented. Activity-based costing has been suggested as the leading contender method to replace traditional cost accounting systems, since its capability can make the processes and activities performed in the organization more transparent and observable. The paper attempts to develop a cost accounting system based on the activity-based costing ideas. The proposed method can provide the useful information to manage total processes in civil engineering. Nine operations are suggested in the proposed method, such as processing, pre-processing, post-processing, moving, and so on. As seen from the result of the case, the proposed method is of efficiency and feasibility.

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