Cost accounting has a double arsenal. As a first arsenal in the long term, it is probably very effective because it addresses the costs, and requires political courage of managers. This arsenal includes the planning, control equipment and staff and a real management control. A second arsenal is much more limited, since it focuses on variable costs, and aims to raise the cost or the overall cost.
The main responsibility of the available information is to first support a true self, although some actions are implemented more directly. These awareness operations will be relayed by a broadcast of encrypted information, such as dashboards and other tools for controlling and forecasting within the company.
Regarding the case of Monaco Morocco, the proposed work reflects the real situation of costing. But the analytical framework of this technique far exceeds the cost. Behind these figures lies a reality that determines the survival of Monaco Morocco. Aware that the design of a cost accounting system to is provide a means of effective management control anddecision support based on real information of the company Monaco Morocco .
This is where the manager's role lies: To assess the management indicators, propose corrective actions or at least make some improvements.
The definition of cost accounting set out in the French Chart of Accounts assigned to this information system has the following objectives:
To know the costs of different functions (activities) of the company to conduct a more effective management control and address the problems that are either "major economic functions" (Purchasing, Production, Administration, Distribution) or by "sub-functions' (activities implemented in the functional areas like manufacturing, quality control)either by means of operation (factory, workshop, machine)or finally, at each "responsibility center"
It also will explain the results (determined by the General Accounting) by calculating the cost of products to be compared to the corresponding sale price. The objective is also to determine the basis for valuation of certain balance sheet or income statement (inventory, fixed assets produced, expense transfers).
Thus, the calculation provides a cost that will assist in setting the sales price, to analyze the effectiveness of the production process and to set the lower limit that can make rebates. It will also determine the relative profitability of products,
assess and manage inventory and analyze the performance of individual business units.
The calculation also assissts to detect losses and waste and to isolate the costs of non-use of resources.
An accounting system's role is to measure and assess the performance achieved by each center manager, to motivate the staff in each sector and to integrate the various responsibility centers based on defined collective goals. The system will also validate or redefine new directions based on the results achieved against objectives.
The diagram given is a summary of the objectives of a cost accounting system and the process of goal setting, and it traces the levels at which the head of the accounting is involved in corrective action.
The function of financial accounting, is to ensure the collection and processing of basic information to provide a universal language of aggregate information, "sincere" and "faithful", which can be indicators of management for different users of the accounting and financial information, based on a holistic approach to business activity. It is indeed a comprehensive approach developed for the costs of different business functions.
Tags: System of cost accounting, definition, Monegasque Morocco
[...] ⇒ Method of exhaustion of lots: These methods allow an immediate recovery of withdrawals without requiring long and complex calculations. There are two methods: - First in first out (FIFO) This method is also called FIFO (first in, first out): items that are received and stored first will be taken first. - Last In - First Out (LIFO) Also known as LIFO (last in, first out), this method uses the principle opposed to the previous one because the outputs are valued at the last batch entered. [...]
[...] The latter will replace the allocations to provisions of general accounting. C / - Expenses subscribers Some charges (such as insurance premiums, energy . ) supported by the company and recorded in general accounting, relates in different times from those used in accounting. It is therefore necessary to divide the whole period. The difference between the estimated charge for the period, built at a cost of the period and the actual charge corresponding to the same period is also a difference of incorporation. [...]
[...] They consist primarily of charges related to export. The costs of analyzing samples of finished products for sale. The key is chosen and a rate of 100 DH fee revenue. Section Description of the database The database developed is described in second section, because we had to determine the homogeneous centers primarily to allow the allocation of direct and indirect charges based on these centers. The resulting database is designed to support work that made it easy, that's why its description is very concise. [...]
[...] Cost accounting must calculate the costs at short intervals (often months). It cannot be content to know the inventory and therefore consumption once a year as does the general ledger using the physical inventory. It is therefore developing an accounting that records the movement of stock (and output) in quantity and value and is used to determine at any time the ending inventory theory: it is the permanent inventory accounting. Monitoring of stock movements is made on account of inventory that has the following structure: - Initial stock - output valued at cost Valued inputs to output output - Ending Inventory The cost to enter depends on the items stored: ⎮ For raw materials it is the purchase price; ⎮ For intermediate or final products, it is the cost of production. [...]
[...] IX / - Packaging: Last manufacturing step: after crimping boxes and glassware must be labeled and marked by an ink jet provided by specific machines and requires the presence of workers around, marking the date of manufacture and expiry date of consumption. This section will clarify the merit of our proposal to set up a system for calculating the full costs. But before proceeding to the method of cost calculation we would like to clarify the prerequisites of cost accounting. We can summarize these prerequisites in the method pursued. [...]
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