The Role of Batch Costing and Cost Accounting in the Managerial Process

Starting from the premises that the informational system is a part of the management system of any company, it is always stated, completely rightly that the effectiveness of an company strictly related to the way in which this knows how to manage the information. One of the problems the economic agents encounter nowadays is the lack of some coherent and well structured information that should assist the managerial decision at a superior level, as well as at inferior echelons. Once with the stimulation and amplification of the company’s competences in using the appropriate economic indicators of a market economy which is reflected in the increasing number and difficulty of decisions, we think that one of the basic elements, that have a determining influence in the decisional process, is the cost and the cost information.batch costing, cost accounting, managerial process, the managerial accountancy

The Indicators from the Financial Structure of the Balance Sheet

The competition frame of the market economy determines the businesses, which don’t manage to impose themselves through quality, competitiveness and efficiency, and for whom there is not possible a straightness in permissible terms, to become insolvent and, therefore, to be eliminated from the „arena” of the economical life. According to these circumstances, any form is interested, in its highest degree, to obtain detailed information regarding the economic-financial indicators obtained in a financial exercise. These indicators can be calculated on the basis of the data contained in the annual balance sheet, by regrouping and restructuring the positions from the balance sheet, the results account and the appendix form the balance sheet. The main category of analysing indicators that can be calculated is referring to the indicators of financial structure.balance sheet, financial structure, indicators, efficiency

The Justifying Documents – the Accounting Registration Base of the Works and Services Executed By Third Parties

The data and information support are made from justifying documents, account books, financial situations and periodical account reports, electronic bearers (bands and magnetic disks, CDs, and floppy disks). Some of these supports assure, in a first stage, the data collection, meaning their consignment (registration) and their preparation for processing, operation which has as a result the obtaining of the information itself which is stored for transmission to their users, usually using other supports than those designed for the data collection. The accounting, according to its object of study, has the obligation to observe, to record and to provide for analysis and control information corresponding to the cycle stage of production or conduct of business specific to the economic entity. These extremely complex tasks, with quantitative and qualitative implications are materialized in: registration of the economic facts, phenomena and processes; the information processing; the information storage; the economic operations control and the information centralization.data and information support, justifying documents, the printed documents, the nomenclature of documents

Analysis of the relationship between cost, price and profit in lignite extraction

From the point of view of coal consumers, which is visible to the naked eye is the price and size and its size dynamics is necessary for attention to anyone, due the fact that directly or indirectly, everyone in the situation of power buyer. In the area of lignite extraction, it is maintaing the relationship between the cost and profit.The law of demand and supply makes also the demand causes by the price and also the obvious changes in demand lead to changes in production. Production cost level is the critical threshold of profitability and as such, the manufacturers will be willing to supply at a price below cost. Dependence of the price arises also to the cost. At the same time, between the costs and profits, there is an inverse relationship. In order to maximize profits, in the extraction of lignite areas, is required to identify solutions to reduce production costs.cost, price, profit, lignite, production

The justifying documents - the accounting registration base of the works and services executed by third parties

The data and information support are made from justifying documents, account books, financial situations and periodical account reports, electronic bearers (bands and magnetic disks, CDs, and floppy disks). Some of these supports assure, in a first stage, the data collection, meaning their consignment and their preparation for processing, operation which has as a result the obtaining of the information itself which is stored for transmission to their users, usually using other supports than those designed for the data collection.account books, financial situations, justifying documents

Critical Study on the Structure, Assessment and Recognition of Lignite Mining Stocks

Through money evaluating, the accounting has the ability to generalize and express in a synthetic form the existence of elements of patrimony and economic-financial operations arising from their movement. The valuation of issues by stocks nature can be defined, depending on the time at which is performing,as the current assessment and the periodical evaluation. According to the IASB general framework, recognition is the process of incorporation in the balance sheet or income statement an item that meets the criteria for recognition. For this is necessary that patrimonial element to correspond to the structure definition of the financial situation as accounting 1 regulations and to be associated with a certain amount, obtained by evaluation. If the patrimony element is recognized, it is presented in the balance sheet or income statement. Not recognizing an item can not be corrected later. Normally, recognition of stock poses no problems. However, there are cases where the legal form of transactions does not reflect economic reality. In such cases, it must to use the principle of prevalence of the economic on judiciary in order to determine whether these stocks should be recognized as assets. The practice of reducing the value of stocks below cost, until to net realizable value, is consistent with the principle that assets should not be reflected in the balance sheet to an amount greater than the value obtainable by their use or sale.IASB, lignite stocks

Boundaries of Costs and the Oportunities of their Management to Lignite Extraction

The interest related to costs and their calculation is not limited to determining selling prices, it is particularly moving towards mastery and reduce costs without diminishing the attractiveness of the product. In the market economy frame is important to know how competitors manage to master their costs, but at the same time, and which is the way how the products sold by entity are added in chain costs to users, which causes its costs and performance by them. Action problem on the cost has a very wide scope. First must to be seen cost is determined at what level, in order to know how to act on it. Also, the computing manner can affect how you act on costs. From the technical point of view the managers can act upon costs relying on laws they follow, laws imposed on their behavior.sales prices, added cost, expenses, supply costs

Analysis of the relationship between cost, price and profit in lignite extraction

From the point of view of coal consumers, which is visible to the naked eye is the price and size and its size dynamics is necessary for attention to anyone, due the fact that directly or indirectly, everyone in the situation of power buyer. In the area of lignite extraction, it is maintaing the relationship between the cost and profit.The law of demand and supply makes also the demand causes by the price and also the obvious changes in demand lead to changes in production. Production cost level is the critical threshold of profitability and as such, the manufacturers will be willing to supply at a price below cost. Dependence of the price arises also to the cost. At the same time, between the costs and profits, there is an inverse relationship. In order to maximize profits, in the extraction of lignite areas, is required to identify solutions to reduce production costs

The Justifying Documents – the Accounting Registration Base of the Works and Services Executed By Third Parties

The data and information support are made from justifying documents, account books, financial situations and periodical account reports, electronic bearers (bands and magnetic disks, CDs, and floppy disks). Some of these supports assure, in a first stage, the data collection, meaning their consignment (registration) and their preparation for processing, operation which has as a result the obtaining of the information itself which is stored for transmission to their users, usually using other supports than those designed for the data collection. The accounting, according to its object of study, has the obligation to observe, to record and to provide for analysis and control information corresponding to the cycle stage of production or conduct of business specific to the economic entity. These extremely complex tasks, with quantitative and qualitative implications are materialized in: registration of the economic facts, phenomena and processes; the information processing; the information storage; the economic operations control and the information centralization

The particularities of the calculation and of the cost reduction in lignite production

In the market economy, the entities are, in an objective way, obliged to be preoccupied with the reduction of costs, taking into consideration the relationship of independence and indirect proportionality between the level of production costs and profit. The laws of competition oblige to the limitation of the waste channels, to the introduction of performant tehnological and tehnical solutions, to the systematic development of the work productivity. Because of this, we appreciated that is advisable that also in the extraction of lignite, we should determine a correct production cost, according to which should be possible the identification of the cost optimization possibilities. On the other hand, the effective cost of the lignite has a major importance because it represents the price which is registered in the accountancy, and, at the same time, through its size, concreted in stocks, it influences the total of the circulant actives and the net active, and the financial result of the exercise. These aspects can be arguments for the option of approaching this work’s theme, in which there are analised the following problems: the general structure and the particularities of the production cost in lignite extraction and the directions for the minimization of the effective production cost, including for the applying of the standard-cost method.lignite stocks, production costs, actual cost, standard cost, cost reduction.