Quantitative methods in cost accounting of an enterprise
Journal Title: Zarządzanie i Finanse - Year 2015, Vol 13, Issue 4
Abstract
Cost calculation is a process of establishing the cost of conducting business activities by an enterprise. This process consists of a series of organized and logically linked steps, connected to processing cost data. The data in a cost calculation system is processed following a certain model, consisting of a system of rules and procedures, according to which the information is transformed in order to adjust it to the particular needs of the users. The goal of this paper is to show the possibilities of applying the chosen quantitative methods of cost calculation at the stage commitment of expenditure, measurements and cost control. The fundamental thesis of the paper is that applying quantitative methods in the cost calculation process helps gather information that better reflects the costs of various fields of activities and cost references. It is particularly important when performing evaluation and cost-based decision making. Quantitative methods can be applied at various stages of cost calculation. Regression analysis and correlation can be applied to choose the cost allocation keys. Multistructure statistical analysis can be applied to classify cost references and choose the cost calculation objects. Econometric modelling can be applied in arranging planned costs. Statistical tests are useful in assessing the deviation in the costs incurred to standard costs.
Authors and Affiliations
Edward Nowak
Keywords
Related Articles
- EP ID EP95970
- DOI -
- Views 63
- Downloads 0
Sources of procyclicality phenomenon in banking
The paper identifies endogenous sources of procyclicality in banking, i.e. it focuses on responses of individual banks to risk. Factors leading to procyclicality in banking are divided into two groups. The first o...
Strategiczne alianse jako metody podniesienia konkurencyjności
W ciągu ostatnich trzech dekad można było zaobserwować znaczący wzrost zawierania strategicznych aliansów pomiędzy firmami. Był to swojego rodzaju trend, aby zawiązywać współpracę w celu przetrwania lub utrzymania dotych...
Wykorzystanie metody CRITIC do wyceny banków
W artykule opisano metodę wyceny banku przy użyciu jednej z technik wielokryterialnego procesu podejmowania decyzji (tj. metody CRITIC). Dodatkowo, na podstawie rzeczywistych danych przedstawiono praktyczne wykorzy...
Role of R&D investment in creating competitive advantage of EU countries in international high
The aim of this paper is to provide an overview of recent developments in the high-tech export performance of the EU Member States in the years 2007-2011. One of the main factors to achieve compet itive advantage in inte...
Self-confidence and other factors and the effectiveness of investment in the capital market
The purpose of this article was to highlight the psychological behavior of investors for their different characteristics, leading to the formation of stock market losses in investments in the context of self-confid...