scholarly journals A Methodology for Implementing a Current Cost Management System at Processing Companies of the Distilling Industry: The Case of the Mariinsk Distilling Plant

10.12737/1565 ◽  
2013 ◽  
Vol 1 (1) ◽  
Author(s):  
Viktor Zotov- ◽  
Elena- Gidkova- ◽  
Natalya Alekseeva
Keyword(s):  
Management System ◽  
Cost Management ◽  
Cost Management System ◽  
A Current

Development of IoT Enabled Low Cost Management System for m-Cardiology

2020 ◽  
Author(s):  
Devashish Sen ◽  
Rohini Srivastava ◽  
Nitin Sahai ◽  
R. P. Tewari ◽  
Basant Kumar
Keyword(s):  
Management System ◽  
Cost Management ◽  
Low Cost ◽  
Cost Management System

scholarly journals Web based cost management tool prototype development using temporal-activity based costing (Temporal-ABC)

2021 ◽  
Author(s):  
Mourougavelou Vaithianathan
Keyword(s):  
Management System ◽  
Cost Management ◽  
Plant Performance ◽  
Management Tool ◽  
Activity Based Costing ◽  
Product Cost ◽  
Web Based ◽  
Prototype Development ◽  
Cost Management System ◽  
The Cost

The cost management system is a powerful tool for managers to understand manufacturing plant performance. It is essential for any organization to develop a cost management system to estimate the product cost and to account actual cost spent for the product manufacturing. The Activity Based Costing (ABC) system has recently attracted the attention of many companies and is considered to provide better information about the cost pattern and the relationship between resources and activities. However, a survey of earlier research reveals that there are several difficulties to estimate the true product cost due to selection of overhead drivers to activities. To overcome these difficulties Temporal-ABC has been developed by Dr. K.D. Tham. In the first part of the report, costing system implementation issues are studied through real-time case studies. Then, research has been conducted and web-based proptotype application is developed using Temporal-ABC through collaboration with a world-class electronics industry - Celestica Inc. Toronto, Canada. The developed prototype demonstrates the application of Temporal-ABC for cost estimation at Celestica.

scholarly journals Accounting Provision of the Costs Management for the Production Quality

2020 ◽  
Vol 12 (515) ◽  
pp. 326-331
Author(s):  
O. T. Polishchuk ◽  
◽  
Y. O. Bernadska ◽  
Keyword(s):  
Management System ◽  
Quality Management System ◽  
Cost Management ◽  
Production Quality ◽  
Accounting System ◽  
Managerial Decision ◽  
Quality Costs ◽  
Costs Of Production ◽  
Cost Management System

The article is aimed at researching the essence of costs for the quality of production, their importance and necessity, the reliability of reflection in the accounting system, which will ensure the efficiency of managerial decision-making and the introduction of a cost management system at the enterprise, including in terms of costs for the production quality. Approaches to the essence of quality costs are analyzed, researches of scientists on the need for such costs in the cost management system of enterprise and the production quality management system are substantiated. Approaches to the feasibility of classification of quality costs on the basis of requests from the managers of different levels of management are considered, as well as the formation of their nomenclature and catalogue in terms of costs for quality provision and for the correction of rejects. The need to introduce a system of accounting for the production quality as an informational component of making effective managerial decisions is substantiated. The researchers’ proposals for displaying quality costs in the accounting system are examined. A generalized algorithm of the process of organization of accounting for costs of production quality is proposed, which provides for: setting tasks for accounting costs for quality; determination of objects of accounting and classification of such costs, methods of assessing the costs of production quality, system of accounts; development of a complex of documentary support. The components of each stage of this algorithm are substantiated. It is determined that the efficiency of the quality costs management system depends on reliable accounting and analytical provision at all stages of the economic process of their occurrence, accumulation, distribution and write-off.

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 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 Modeling the Design Team as a Temporary Management Structure: Reality versus Theory

2012 ◽  
Vol 7 (1) ◽  
pp. 19-28
Author(s):  
Kathy Michell ◽  
Paul Bowen ◽  
Keith Cattell
Keyword(s):  
Management System ◽  
Cost Management ◽  
Soft Systems Methodology ◽  
Theory And Practice ◽  
Design Team ◽  
Systems Methodology ◽  
Soft Systems ◽  
Management Structure ◽  
Cost Management System ◽  
The Cost

The focus of the cost management literature is almost exclusively on technical issues, with scant attention to its social, political and organisational dimensions. In this paper the authors document research examining the design team as a temporary management structure, with emphasis on the efficacy of the cost management system as a vehicle for attaining client objectives with respect to time, cost and quality. Soft systems methodology is used to explore the perceptions of stakeholders to the cost management system, thus developing conceptual models of the theory and practice of cost management. Significant differences were found to exist between the perceptions of individual stakeholders concerning design team participants, participants’ roles, and the very purpose of the cost management system. Recommendations are made for structural, attitudinal and procedural changes to the cost management system in order to facilitate its effective functioning in the achievement of the client’s needs and objectives.

scholarly journals A centralised cost management system: exploiting EVM and ABC within IPD

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Faris Elghaish ◽  
Sepehr Abrishami
Keyword(s):  
Management System ◽  
Risk Sharing ◽  
Management Practices ◽  
Cost Management ◽  
Web Based ◽  
Content Type ◽  
Team Members ◽  
Cost Management System ◽  
The Cost

PurposeIntegrated project delivery (IPD) is highly recommended to be utilised with building information management (BIM), specifically with BIM level-3 implementation process. Extant literature highlights the financial management challenges facing the proposed integration. These challenges are mainly related to the IPD compensation and the conventional cost control approaches that are not consistent with IPD principles. As such, this paper presents an integration of several methods to support automating risk/reward sharing amongst project parties thus enhancing IPD core team members’ relationship.Design/methodology/approachThe literature review was used to highlight the challenges that face the IPD-based cost management practices such as the risk sharing/reward sharing amongst IPD core team members and potential methods to bridge the revealed IPD gap. A framework was developed by integrating the activity-based costing (ABC) – as a method to analyse the cost structure – and earned value management (EVM) to develop mathematical models that can determine the three main IPD financial transactions (i.e. …) fairly. To demonstrate the applicability of the developed system, a real-life case study was used, in which, promising results were collected in regard to visualising the cost control data and understanding of the accumulative status of the project cost and schedule for team members.FindingsA centralised cost management system (CCMS) for IPD is developed to enable the IPD cost structure as well as automating the risk-sharing/reward-sharing calculations. This system is linked with a web-based management system to display the output of proposed risk-sharing/reward-sharing models. Moreover, a novel grid is developed to show the project status graphically and to respect the diversity in core team members backgrounds. In addition, the case study showed that the proposed integration of different methods (ABC, EVM, BIM and web-based management system) is interoperable and applicable.Originality/valueThis research presents a comprehensive solution to the most revealed challenges in cost management practices in IPD implementation. The outcome of this research contributes to the body of knowledge through presenting new extensions of the EVM to be used with the IPD approach to calculate risk/reward. Moreover, the implementation of the proposed tools such as centralised cost management system (CCMS) and CCMS for IPD web system will enhance/foster the implementation of the IPD in conjunction with BIM process.

Sign in / Sign up

Export Citation Format

Share Document