Abstract

At present, China has officially entered the “Internet +” era, the development of the Internet economy makes China’s traditional manufacturing enterprises enter a new stage of development. Due to their low product value and high cost, the price competition among small and medium-sized manufacturing enterprises is increasingly fierce. Therefore, it is more and more important for enterprise survival and development to continuously promote enterprise performance growth, expand enterprise profit space, strengthen cost control and improve capital utilization rate. In this paper, T Company is selected to study related issues of cost control of small and medium-sized enterprises(SMES), analyze the current situation and existing problems of cost control of T company, and combine with the background of “Internet +”, propose optimization Suggestions of cost control of T Company.

Highlights

  • According to the survey data released by the National Bureau of Statistics, in 2018, China's small and mediumsized enterprises(SMES) realized 57.9 trillion yuan in main business revenue, 3.4 trillion yuan in total profit, and 49.3 trillion yuan in main business cost

  • Since the establishment of the company, T Company has gradually established a production model based on instant noodles and beverages, followed by cost accounting, which is mainly composed of direct materials, direct labor and manufacturing costs

  • Due to the lack of modern enterprise management philosophy and the failure to timely combine the requirements of the "Internet +" era, there is no unique system for cost control

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Summary

Introduction

According to the survey data released by the National Bureau of Statistics, in 2018, China's small and mediumsized enterprises(SMES) realized 57.9 trillion yuan in main business revenue, 3.4 trillion yuan in total profit, and 49.3 trillion yuan in main business cost. According to the actual situation at the present stage, the implementation of cost control in China's SMES is not in place, many SMES have not formed the proper understanding of cost control, cost control has not played a practical role It is of great significance for the development of SMES to promote the improvement and optimization of cost control work, reduce the cost pressure of enterprises, and improve the scientific rationality of cost control work. First of all, accounting personnel should be proficient in professional knowledge They should skillfully use financial information to provide the data support needed for the economic management of enterprises. "Internet +" provides strong support for building an internal financial information sharing system, reducing the interruption time of business process and improving the efficiency of value reengineering. The Internet has realized the information sharing among all departments of enterprises, which provides more convenient conditions for expanding the scope of cost control, analyzing the cost projects of each link, and reducing the cost[1]

Profile of T Company
T company cost control status
Lack of modern cost control concept
Backward cost accounting methods
The scope of cost control is not comprehensive
The cost control system is imperfect
Select the appropriate cost accounting method
Improve the content of cost accounting
Improve the cost control system
Conclusion
Full Text
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