Construction: Innovative Approach to Cost Accounting

  • Authors

    • Larisa Nikolaevna Gerasimova
    • . .
    2018-12-03
    https://doi.org/10.14419/ijet.v7i4.38.24440
  • target-costing, target cost, optimization of technology, costs.
  • Based on the study of existing methods of cost accounting, this paper examines the innovative approach to the calculation of products.

    The article shows that at the time of the decision on investing in a business project related to the development and construction of a new facility, it is advisable to use the target-costing methodology to forecast the cost of a product. For this purpose, when calculating the cost of a product, it is necessary to consider the market research indicators and the values of cost drivers.

    The author gives an example of using the “target-costing†method in a construction organization, considering peculiarities of this method in construction.

    Based on the results of the study, it can be concluded that the proposed method of cost calculation for a future innovative product allows for an adequate assessment of future costs, which, given a shortage of raw data and the time resource, reduces investment risks.

     

     

  • References

    1. [1] Kaverina OD (2015), Organizatsiya upravlencheskogo ucheta: problemy i suzhdeniya [Organization of management accounting: problems and judgments]. Auditorskie vedomosti, 8, 48-61.

      [2] Mizikovsky IE, Pivkin SA (2015), Kalkulirovanie zatrat na vypolnenie proekta v innovatsionnoi deyatelnosti [Calculation of the costs of project implementation in innovation activities]. Upravlencheskii uchet, 5, 17-24.

      [3] Serova AI (2017) Genpodryadnye uslugi: uchet i nalogi [General contracting services: accounting and taxes]. Stroitelstvo: bukhgalterskii uchet i nalogooblozhenie, 11. https://www.audar-press.ru/magazine/stroitelstvo-buhgalterskiy-uchet-i-nalogooblozhe
      nie/2017-11.

      [4] Fullerton R, Kennedy FA, Widener SK (2014), Lean Manufacturing and Firm Performance: The Incremental Contribution of Lean Management Accounting Practices. Journal of Operations Management, 32(7), 414-428.

      [5] Gerasimova LN (2012), Rol uchetnykh mekhanizmov v upravlenii innovatsionnoi deyatelnostyu organizatsii [The role of accounting mechanisms in the management of innovative activity of the organization]. Finansovyi vestnik: finansy, nalogi, strakhovanie, bukhgalterskii uchet, 12, 11-15.

      [6] Chopra A (2013), Lean Accounting – An Emerging Concept. International Journal of Marketing. Financial Services & Management Research, 2(8), 79-84.

      [7] Denisova MO (2016), Raspredelenie zatrat na stroitelstvo mezhdu neskolkimi obektami [Distribution of construction costs between multiple objects]. Stroitelstvo: bukhgalterskii uchet i nalogooblozhenie, 1.

      [8] Drury K (2015), Upravlencheskii i proizvodstvennyi uchet [Managerial and production accounting]. UNITI-DANA, Moscow.

      [9] Roslender R & Hart S (2003), In search of strategic management accounting: theoretical and field study perspectives. Management Accounting Research, 14, 255-279.

      [10] Garrison RH, Noreen EW, Brewer PC (2011), Managerial Accounting for Managers. McGraw-Hill Irwin, New York.

      [11] Gerasimova LN (2014), Sovremennye tendentsii formirovaniya konsolidirovannoi otchetnosti gruppy kompanii [Modern trends in the formation of consolidated statements of a group of companies]. Finansovaya analitika: problemy i resheniya, 13, 11-22.

      [12] Douglas J, Kaplan RS, Hook BB (1989), Looking for Mr. Overhead: An Expanded Role for Management Accountants. Management Accounting, November (11), 65-68.

      [13] Semenikhin VV (2016), Investitsionno-stroitelnaya deyatelnost. Dolevoe uchastie v stroitelstve [Investment and construction activity. Equity participation in construction]. GrossMedia, ROSBUKH, Moscow.

      [14] Zimakova LA, Shtefan YaG (2017), Integratsiya sovremennykh metodov upravlencheskogo ucheta na predpriyatiyakh berezhlivogo proizvodstva [Integration of modern methods of management accounting at lean manufacturing enterprises]. Mezhdunarodnyi bukhgalterskii uchet, 6, 340-350.

      [15] Dombrovskaya EN (2016), O metodologii ucheta zatrat i kalkulirovaniya sebestoimosti v kompaniyakh s gosudarstvennym uchastiem [On the methodology of cost accounting and costing in companies with state participation]. Biznes. Obrazovanie. Pravo. Vestnik Volgogradskogo instituta biznesa, 3(36), 58-64.

      [16] Galenko V (2017), Uchet nedvizhimosti u investora [Accounting for real estate investors]. Novaya bukhgalteriya, 3. https://www.eg-online.ru/article/369314/.

  • Downloads

  • How to Cite

    Nikolaevna Gerasimova, L., & ., . (2018). Construction: Innovative Approach to Cost Accounting. International Journal of Engineering & Technology, 7(4.38), 195-198. https://doi.org/10.14419/ijet.v7i4.38.24440