scholarly journals Toward New Potentials and Issues of Material Flow Cost Accounting (MFCA) as a Sustainability Management Tool, based on the International Standardizations of ISO14051 and ISO14052

2016 ◽  
Vol 12 (2) ◽  
pp. 54-59
Author(s):  
Michiyasu NAKAJIMA ◽  
Bernd WAGNER
Keyword(s):  
Material Flow ◽  
Cost Accounting ◽  
Management Tool ◽  
Sustainability Management

scholarly journals The Application of Material Flow Cost Accounting in Waste Reduction

2019 ◽  
Vol 11 (5) ◽  
pp. 1270 ◽  
Author(s):  
Shaio Huang ◽  
An Chiu ◽  
Po Chao ◽  
Ni Wang
Keyword(s):  
Material Flow ◽  
Sustainable Management ◽  
Cost Accounting ◽  
Management Tool ◽  
Evaluation Tool ◽  
Use Of Resources ◽  
Primary Finding ◽  
Corporate Social ◽  
Effective Use ◽  
The Cost

Due to the rise in environmental awareness, corporate companies have shifted their focus from an obsession with short-term profits to contemplating long-term strategies to achieve sustainable management. Effective use of resources is the primary indicator of this achievement. Fulfillment of corporate social responsibility and thinking beyond the regulatory aspects of corporate sustainable management are goals that have continually attracted attention worldwide. Material flow cost accounting based on ISO 14051, which was announced by the International Organization for Standardization (ISO), is a tool that can be used to achieve a balance between the environment and economy. We focused on using ISO 14051-based material flow cost accounting as an analytical evaluation tool from the perspectives of finance and accounting personnel. We conducted a case study on a flat-panel parts supplier to determine whether the efficient use of recycled glass could reduce company costs. The primary finding is that the film layer on recycled washed glass tends to be stripped during the production process, causing increased reprocessing costs and thus rendering the cost of renewable cleaning higher than that of reworking. This study revealed that the ISO 14051-based material flow cost accounting analysis constitutes a valuable management tool, thereby facilitating the promotion of sustainable development.

scholarly journals PELATIHAN MATERIAL FLOW COST ACCOUNTING (MFCA) BAGI PARA UMKM DI DKI JAKARTA

2022 ◽  
Vol 3 (2) ◽  
pp. 197-202
Author(s):  
Virna Sulfitri ◽  
Henik Hari Astuti ◽  
Budi Santosa
Keyword(s):  
Production Process ◽  
Community Service ◽  
Material Flow ◽  
Cost Accounting ◽  
Face To Face ◽  
The Public ◽  
Direct Contribution ◽  
Effectiveness And Efficiency

Community Service is one part of the direct contribution from academics, in this case the Faculty of Economics and Business, Trisakti University to the community. On this occasion the Trisakti University FEB team had the opportunity to provide training on Material Flow Cost Accounting (MFCA) for MSMEs. This training is considered important considering that the understanding of MSME actors in terms of the flow cost of material is still very minimal, so that in the implementation of their business there are still very few who apply it in the production process. This training aims to educate MSME actors in terms of flow cost accounting for the use of their production materials, MSMEs can sort out the types and types of materials to be used so as to increase the effectiveness and efficiency of production to increase sales and business profits. PKM training will be carried out using an online method considering the conditions of the COVID-19 pandemic, which until now has not allowed face-to-face/off-line training. The output of this PKM will be published to the public so that it can provide wider benefits.

scholarly journals Material Flow Cost Accounting as a Decision Support Instrument

2016 ◽  
Vol 12 (2) ◽  
pp. 71-76
Author(s):  
Andreas MÖLLER ◽  
Martina PROX ◽  
Shoji OKA ◽  
Michiyasu NAKAJIMA
Keyword(s):  
Decision Support ◽  
Material Flow ◽  
Cost Accounting

scholarly journals Material Flow Cost Accounting (MFCA) and the Practice

Seikei-Kakou ◽  
2015 ◽  
Vol 27 (12) ◽  
pp. 507-511
Author(s):  
Yasuo Anjo
Keyword(s):  
Material Flow ◽  
Cost Accounting

Cost accounting as a tool for managing profitability in healthcare organizations

2021 ◽  
pp. 42-49
Author(s):  
L.M. Korchagina
Keyword(s):  
Patient Care ◽  
Cost Accounting ◽  
Management Tool ◽  
Effective Management ◽  
Strategic Decisions ◽  
Healthcare Organizations ◽  
Common Problems ◽  
The Right ◽  
A Company ◽  
The Company Managing

Cost accounting is an effective management tool that allows a company to measure profitability by collecting key information by recording and tracking the data necessary for the most efficient and profitable operation of the company. Managing costs to maintain profitability is a top priority in all industries, which means relying on data to make smart and informed decisions. Cost data is the basis for strategic decisions. Having the right information available is key for every decision-maker. The article examines the issues of cost accounting, as well as problems related to profitability management in healthcare organizations. The author considers the most common problems that make it difficult to effectively account for costs and analyze the directions of patient care in medical organizations.

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