Cost management at the tube-rolling enterprises

The article is devoted to the problem of constructing an effective system of cost management of tube rolling enterprises. According to numerous studies for over the past few years tube-rolling consumption has increased inside domestic market. Despite of the positive trends, these enterprises still can’t solve the problem of effective cost control, significantly affected their final financial results and, consequently, their competitiveness as a whole. The authors examined the legal aspects of the formation and recognition of enterprise’s costs. Main approaches to cost classification of the main members are investigated. Main features of tube-rolling enterprises are analyzed and requirements to their cost management system structure are defined. A cost management model of tube-rolling industry as a logframe of consistent implementation stages, including corrections and feedback, is performed

Methods of internal control in integrated management accounting system of the enterprise

The purpose of internal control procedure of material and information flows is expression of independent opinion about accounting of material and information flows of the organization, development of recommendations about elimination of detected violations and preparing data to implement automated management accounting system, based on integrated system. Internal control procedure of material and information flows in the enterprise can solve complex of problems about identifying deficiencies in accounting, searching for reserves using information resources, identifying opportunities for implementation of automated management accounting system at the enterprise. Internal control was planned and conducted thus to argue that management statements are free of misstatement, and information flows provide required operability of the entire system. Internal control was carried out on a sample basis and included examining, on a test basis evidence supporting the amounts and disclosures in management reports. The disclosure of information about innovative activities, assessment of compliance with the principles and rules of accounting used in the preparation of management reporting, the review of key performance indicators, as well as evaluating the presentation of management reports are presented

Methods of internal control in integrated management accounting system of the enterprise

The purpose of internal control procedure of material and information flows is expression of independent opinion about accounting of material and information flows of the organization, development of recommendations about elimination of detected violations and preparing data to implement automated management accounting system, based on integrated system. Internal control procedure of material and information flows in the enterprise can solve complex of problems about identifying deficiencies in accounting, searching for reserves using information resources, identifying opportunities for implementation of automated management accounting system at the enterprise. Internal control was planned and conducted thus to argue that management statements are free of misstatement, and information flows provide required operability of the entire system. Internal control was carried out on a sample basis and included examining, on a test basis evidence supporting the amounts and disclosures in management reports. The disclosure of information about innovative activities, assessment of compliance with the principles and rules of accounting used in the preparation of management reporting, the review of key performance indicators, as well as evaluating the presentation of management reports are presented

Cost management at the tube-rolling enterprises

The article is devoted to the problem of constructing an effective system of cost management of tube rolling enterprises. According to numerous studies for over the past few years tube-rolling consumption has increased inside domestic market. Despite of the positive trends, these enterprises still can’t solve the problem of effective cost control, significantly affected their final financial results and, consequently, their competitiveness as a whole. The authors examined the legal aspects of the formation and recognition of enterprise’s costs. Main approaches to cost classification of the main members are investigated. Main features of tube-rolling enterprises are analyzed and requirements to their cost management system structure are defined. A cost management model of tube-rolling industry as a logframe of consistent implementation stages, including corrections and feedback, is performed