Effective Cost Management Research Articles

Employee Adjustment Costs and Asymmetric Cost Behavior

The managerial accounting literature suggests that adjustment costs lead to asymmetric cost behavior. Previous studies show that labor adjustment costs are the significant factor that drives asymmetric cost behavior. However, empirical proxies for labor adjustments costs have several limitations. This study suggests that CEO-to-worker pay disparity and the labor share as a new proxy for labor adjustment costs and substantiates that labor adjustment costs play a significant role in determining asymmetric cost behavior. Our proxies for adjustment costs represent the effectiveness of labor cost management and labor productivity. Prior studies suggest that large CEO-to-worker pay disparity indicates effective labor cost management. We find that lower CEO-to-worker pay disparity and higher labor income share are associated with greater cost stickiness. In additional tests, we find that the effect of adjustment costs is more significant for firms disclosing ESG grades and firms with higher ESG grades.

INCREASING THE EFFICIENCY OF TRANSPORT AND LOGISTICS PROCESSES THROUGH OPTIMIZATION OF VEHICLE CONTROL SYSTEMS

With the growth of production volumes of transport products, the effective management of the logistics costs of the enterprise forces us to look for new approaches in the management of enterprise resources. Logistics costs are directly dependent on logistics operations in the supply chain. Optimizing the logistics costs of an enterprise in the new competitive environment involves the search and implementation of innovative solutions in the field of transport technologies. The article discusses the development of methods for improving the efficiency of transport and logistics processes by optimizing the logistics costs of the enterprise, through the optimization of vehicle control systems.
 Purpose – development of a methodology for assessing the effectiveness of ISAS.
 Method or methodology of the work. The article used mathematical and statistical methods of analysis.
 Results. The most informative parameters for evaluating the functioning of ISAS were determined, which should include a calculated assessment of power, economic, environmental and reliability indicators for various control modes or their combinations, as well as for various operating modes.
 Scope of the results. Applied research in the field of evaluating the effectiveness of transport and logistics processes; carrying out research work aimed at creating new science-intensive technologies for optimizing transport and technological systems.

Practical tools of an integrated construction cost management system

Introduction. The problem of effective construction cost management can arise at any stage of a construction project, and it becomes particularly relevant amid economic instability. Solving problems of accurate assessment and control of construction costs is vital for all participants in the investment and construction process. The construction cost management process encompasses the following interrelated sub-processes: identification of reliable construction costs at stages of preliminary and working design; construction cost control at further stages, including the drafting of working design documentation and facility construction. The subject of research is a set of practical tools that solve construction cost management problems throughout the lifecycle of a construction facility.
 Materials and methods. Data on cost analysis processes, methods and tools were collected, systematized and analyzed in the course of the study. A systematic approach, analysis and synthesis methods, expert and comparative assessment methods were applied.
 Results. The main principles, underlying the author’s approach, as well as a set of practical tools designed to manage the cost of construction of a capital construction facility were proposed in reliance on the analysis, conducted by the author.
 Conclusions. The author proposes construction cost management methods and practical tools that can be applied in the course of implementation of investment and construction projects that have different degrees of complexity.
 KEYWORDS: planning, management, pricing in construction, construction cost, design documentation, working design, construction

����� ������ ���������-������������ �������� �������� ������ �� ���������� ������

Abstract. Introduction. The main factor in ensuring the competitive advantages of the effective functioning of any enterprise, its stable economic development, is the improvement of the efficiency and optimization of the enterprise's costs. Therefore, in order to achieve a high economic and financial result of activity, enterprises of various industries and spheres of operation need effective cost management. Cost management is aimed at the constant search and identification of resource saving reserves, stimulation of resource conservation and cost reduction in order to obtain the effect of commercial calculation based on the results of the enterprise's activities. Purpose. Research of scientific approaches of various scientists to the definition of the concept of �cost management�, determination of cost management functions and systematization of cost management principles at the enterprise. Results. Substantiates the author's position regarding the essence of this concept of �cost management�, which should be considered as an integral system of organizational and functional support and a methodological toolkit of influencing the process of spending, which includes managerial actions , the purpose of which is for the enterprise to obtain a high positive financial result of its activity. It was determined, that cost management at the enterprise involves the performance of general functions inherent in the management of any object and specific functions. It is justified, that consideration of the principles of cost management should be carried out through a thorough coverage of their substantive basis with the disclosure of the opportunities that the enterprise receives in cost management, subject to compliance with one or another principle. The main principles of cost management of the enterprise are summarized, which include the following principles: system-complex approach to cost management; intersubject feedback; resource reservation; continuity of cost management for the production and sale of a specific product; economic validity and reliability of information about costs; the adequacy of the results of management actions regarding costs; independence. Conclusions. The author's position on the essence of cost management is outlined in the article, the general and specific functions of cost management are detailed, and the principles of the cost management process at the enterprise are detailed. It is ensuring maximum compliance of the specified principles at the enterprise that enables the effectiveness of cost management, which is part of the general management system of the enterprise and reflects the efficiency of economic activity.

An Appraisal of Models for Roads Pavement Failures in Ebonyi State Nigeria

Nigeria road pavement is subjected to have low road density of 23km/m2 of the pave land area and justification for this material stress, functional disability and loss of cohesion. In Ebonyi state there is needs to assess the impact of failed road pavement on economic growth and social stability of the state. Most of the state urban roads failed because of many vehicles passing in definite section of the road per unit time at any suitable period, subjecting the paved areas into physically disintegration of crystalline aggregated material informed of ruttings, pothole, raveling and cracks and some deteriorate or decomposed in a large number of cement aggregate into organic matter causing chemical separations and moisture attack on the paved area by attacking the fabric bond of the binding pavement. The aim of this research is to analyze roads pavement failures for effective cost management. The research design comprised extensive literature. This research was to facilitate the measurement of variables on affected areas causing surface depression and surface deterioration on large number of aggregated crystalline material from rehabilitation of the respective road projects. The research was design to measure stress types, stress values, stress seventy and stress density derive from affected paved area. The data collected were presented in tables, percentage, and pie chart and analyzed with multiple regressions. The findings will establish the state of stress over strain will be sustainable for road pavement in urban areas. The model implies based on the data collected the cause of stress values in urban roads increase by 0.284 (28.4%) were trigger increase in road rehabilitation, repairs and remedial works by 0.77, 0.31 and 0.60 and which were ascertain the level of cost implementation for effective life cycle costing on urban roads in the state.

An integer programming mathematical model with line balancing and scheduling for standard work optimization: A realistic application to aircraft engines assembly lines

Aircraft Engine Maintenance Repair and Overhaul (MRO) companies face intense global competition that requires effective management of maintenance costs, TAT (turnaround time), and accurate job standards. These indicators can be improved through methodologies such as line balancing and scheduling of assembly tasks. The main objective of this article is to propose models for standard work definition that can optimize companies’ indicators – TAT, the number of operators, training costs, and load balancing – considering the specificities of the aircraft engine assembly lines. First, a literature review identified features of line balancing and scheduling integrated problems relevant to aircraft engine assembly and highlighted the integer programming mathematical models already proposed. Second, four new MILP models were developed in order to combine some of the features identified during the literature review and include new relevant ones: the multi-skilled operators can work in more than one engine per takt time, and each task may start in one takt time, and finish in the next. Lastly, the models were implemented in the AIMMS system and hierarchically solved by the CPLEX on data of two different assembly lines from a Brazilian MRO company. The results were considerably better than those obtained empirically by the firm. They include a 14.3% reduction in TAT for one assembly line and a 15.4% reduction in the number of operators for another, confirming a suitable decision support tool for the company, which can also help other firms.

Теоретичний базис управління витратами підприємства

Abstract. Introduction. The main factor in ensuring the competitive advantages of the effective functioning of any enterprise, its stable economic development, is the improvement of the efficiency and optimization of the enterprise's costs. Therefore, in order to achieve a high economic and financial result of activity, enterprises of various industries and spheres of operation need effective cost management. Cost management is aimed at the constant search and identification of resource saving reserves, stimulation of resource conservation and cost reduction in order to obtain the effect of commercial calculation based on the results of the enterprise's activities. Purpose. Research of scientific approaches of various scientists to the definition of the concept of «cost management», determination of cost management functions and systematization of cost management principles at the enterprise. Results. Substantiates the author's position regarding the essence of this concept of «cost management», which should be considered as an integral system of organizational and functional support and a methodological toolkit of influencing the process of spending, which includes managerial actions , the purpose of which is for the enterprise to obtain a high positive financial result of its activity. It was determined, that cost management at the enterprise involves the performance of general functions inherent in the management of any object and specific functions. It is justified, that consideration of the principles of cost management should be carried out through a thorough coverage of their substantive basis with the disclosure of the opportunities that the enterprise receives in cost management, subject to compliance with one or another principle. The main principles of cost management of the enterprise are summarized, which include the following principles: system-complex approach to cost management; intersubject feedback; resource reservation; continuity of cost management for the production and sale of a specific product; economic validity and reliability of information about costs; the adequacy of the results of management actions regarding costs; independence. Conclusions. The author's position on the essence of cost management is outlined in the article, the general and specific functions of cost management are detailed, and the principles of the cost management process at the enterprise are detailed. It is ensuring maximum compliance of the specified principles at the enterprise that enables the effectiveness of cost management, which is part of the general management system of the enterprise and reflects the efficiency of economic activity.

Nanotechnology Practices and Cost Restructure for Effective Cost Management under Industry 4.0 Based Manufacturing Systems

This study offers a theoretical foundation for how nanotechnology impacts most commodities and materials in many ways, given high-tech production processes that increase goods' functional, chemical, and physical qualities. This influenced the cost structure of production and strategic cost management's efforts to adjust for the change. The study employed descriptive-analytic methods to investigate nanotechnology's impact on cost management. The study was based on a comprehensive review of previous studies on nanotechnology and Industry 4.0. The results imply strategic cost management as a vital management and accounting strategy for reallocating indirect costs based on specifications to produce items that meet consumer needs. With rising fixed costs, this study links nanotechnology and cost structure. Strategic cost management techniques minimize costs while preserving product quality, enabling organizations to stay competitive.

The Role of Construction Cost Management Practices on Construction Organisations’ Strategic Performance

Cost management practices have remained a vital aspect of project management functions. Despite the efforts of project management, construction projects are still being delivered above budget, with schedule overrun, poor quality and amongst other problems. Poor cost management approaches have been blamed for these problems. Effective cost management improves project performance and the strategic performance of construction organisations. This study aims to assess the role of cost management practice on construction firms' strategic performance in Nigeria. The objectives of the study are to determine the benefits of cost management of the project on the competitive position of construction firms, and the factors influencing cost management strategies of construction firms. This study adopted a well-structured questionnaire administered to construction professionals via electronic means and using snowball sampling technique in the six states of the south-south geopolitical zone of Nigeria. With a response rate of 65.48% and a reliability of index of over 0.70, the gathered data were analysed using frequency, percentage, and relative importance index (RII). It was found that major factors influencing construction cost management are; experience and competence of the project managers, weak management support and control, poor project communications, external economic environment, and lack of use of project management tools (technology). Also, effective cost management was found to play a critical role in the strategic performance of construction organisations; with most benefits being in the areas of waste and expenses reduction, improves operational efficiency need, helps to predict future expenses, ensures procurement effectiveness, and improve profit maximization. Project managers should continuously upgrade their skills for effective cost management to boost the strategic competitive position of their firms.

Pharmacy services across the continuum: Leveraging opportunities and organisational strategies to improve market competitiveness

Medication utilisation is one of the ubiquitous modalities of medical interventions in our healthcare system and an area of high complexity and high cost for many patient populations. Assessment of the use of medications both in acute and ambulatory care settings has become increasingly important for hospitals and health systems as organisations become larger and more integrated and must manage the payer and external provider changes in the marketplace. The COVID-19 pandemic emphasised the critical nature of the drug supply chain for essential medications and the strategic imperative for health systems to have an enterprise-wide medication use strategy. This strategy must ensure evidence-based use of medications to improve patient safety, outcomes, effective cost management, as well as secure and expand revenue-generating patient care services to support the overall health and sustainability of the organisation. Essential to accomplishing these goals is having a pharmacy executive as part of the health systems’ enterprise strategic planning to ensure that patients’ clinical needs, organisational revenue cycle, and new ventures are integrated across the continuum to optimise patient outcomes and patient retention.

THE SYSTEMATIZATION OF METHODOLOGICAL TOOLS OF THE COST MANAGEMENT SYSTEM OF THE ENTERPRISE

The article presents the main components of the methodological tools, which made it possible to systematize it for effective cost management. The main purpose of the study is to improve the functioning of the cost management system of the enterprise by systematizing the tools depending on the methods of cost management.
 The research of literary sources and scientific approaches to solving the problem of determining the effective methodological tools of the cost management system of the enterprise showed that this issue remains unresolved and requires systematization of tools interacting with the methods and elements of the cost management system, which will improve its efficiency of its operation.
 The relevance of solving the scientific problem is that the optimal combination of methods and tools of cost management will increase the efficiency of the functional components of the cost management system, which affects the increasing the competitiveness of enterprise products on the basis of cost optimization.
 The most common cost management methods are listed, including ABC-method, direct-costing, standard-costing, absorption-costing, CVP-analysis, target-costing, cost-killing, LCC-analysis, benchmarking, VCC-method, kaizen-costing. The substantiation of the proposed classification of cost management tools depending on the specified methods is proved.
 In addition, it is proposed the grouping of cost management tools into general, which have a wide range of applications and specific, applied mainly in the process of cost management. Keeping such grouping, the interaction of tools and elements (functional components) of the cost management system of the enterprise is shown.
 The results of the study may be of practical importance for managers of manufacturing enterprises from the standpoint of forming a cost management system

THE IMPACT OF PROJECT COST MANAGEMENT ON CONTRACTUAL DISPUTES IN SOUTH AFRICA

Cost management is essential in the construction industry, and could cause contractual disputes if not done correctly. This article investigated how project cost management contributed to contractual disputes in the construction project environment. A qualitative approach was used to interview eleven construction professionals. The data received was then analysed using content and narrative analysis methods. It was found that cost management contributed insignificantly to contractual disputes; however, measures such as the engagement of a contract manager, good change control system, approval of project scope, compliance with the terms and conditions of the contract, good project management, competent consultants and contractor, effective communication before and during project execution could be put in place to minimise the incidence of disputes. It was also revealed that construction stakeholders prefer the Alternative Dispute Resolution (ADR) method, such as mediation, to resolve cost-related contractual disputes when they occured. Only eleven construction professionals were interviewed; hence the findings could not be generalisable as the opinion of the construction professionals in South Africa. The construction stakeholders should not put all their efforts into the management of project cost, in an attempt to prevent the incidents of contractual disputes; instead, they should institute other stringent measures that prevent poor scoping, poor cost estimating, and ineffective project management practices, to minimise the incidence of contractual disputes in their projects. The article gave an insight into measures that the construction stakeholders must take to prevent cost-related contractual disputes aside from effective cost management

Construction Project Cost Management and Control System Based on Big Data

In today’s society, engineering cost management and control is very important content. With the increasing number and scale of construction projects in China and huge investment funds, the collection and sorting of all kinds of information data in construction projects has become one of the problems that need to be solved. Therefore, building the construction project cost management and control system is one of the powerful means to improve the work efficiency of processing information and data, which is also very necessary. This paper mainly analyzes the construction of a perfect, efficient, and rapid processing of relevant information workflow based on large database technology to achieve the whole process of project tracking management and effective cost management and control target system. First of all, this paper introduces the construction project cost management, expounds the characteristics of the management system, and studies the application of big data in the construction project. On this basis, the construction project management software is designed and developed. At the same time, the requirements of the system are studied, and the system is tested. The final test results show that the system has a fast processing time and high processing efficiency in processing the above data, which indicates that the construction project cost management and control system based on big data has obvious advantages in processing large-scale data. When the amount of data is small, the processing speed increases exponentially with the increase of nodes. When the amount of data is large, the acceleration ratio is positively correlated with the number of nodes in a certain proportion. With the increase of nodes, the ratio almost remains unchanged, indicating that the system has high operation efficiency and is relatively stable with the increase of nodes.

What leads to the high capital cost of prefabricated construction in China: perspectives of stakeholders

PurposePrefabricated construction (PC) will play a vital role in the transformation and upgrading of the construction industry in the future. However, high capital cost is currently one of the biggest obstacles to the application and promotion of PC in China. Clarifying the factors that affect the PC cost from the perspectives of stakeholders and exploring key cost control paths help to achieve effective cost management, but few studies have paid enough attention to this. Therefore, this research aims to explore the critical cost influencing factors (CIFs) and critical stakeholders of PC based on stakeholder theories and propose corresponding strategies for different stakeholders to reduce the cost of PC.Design/methodology/approachBased on the stakeholder theory and social network theory, literature review and two rounds of expert interviews were used to obtain the stakeholder-associated CIFs and their mutual effects, then the consistency of the data was tested. After that, social network analysis was applied to identify the critical CIFs, critical interaction and key stakeholders in PC cost control and mine the influence conduction paths between CIFs.FindingsThe results reveal that the cognition and attitude of developer and relevant standards and codes are the most critical CIFs while the government, developer and contractor are crucial to the cost control of PC. The findings further suggest that measures should be taken to reduce the transaction costs of the developer, and the contractor ought to efficiently apply information technology. Moreover, the collaborative work between designer and manufacturer can avoid unnecessary cost consumption.Originality/valueThis research combines stakeholder management and cost management in PC for the first time and explores the effective cost control paths. The research results can contribute to clarifying the key points of cost management for different stakeholders and improving the cost performance of PC projects.

УПРАВЛІННЯ ВИТРАТАМИ НА ПІДПРИЄМСТВАХ РЕСТОРАННОГО ГОСПОДАРСТВА

The article considers the views of scientists on the nature of costs and the process of cost management in restaurants. Comparative analysis of the interpretation of the nature of costs is aimed at reflecting the value of resources used by restaurants to obtain financial results and achieve important goals of the institution. The success of institutions depends on two conditions: the volume and quality of performance of functions and tasks to be solved (production volume, sales, services, etc.); and resource management. Thus, cost management means improving the management process of all aspects of the enterprise. Cost management should be considered as a complex concept that ensures the development of management decisions. The advantages and disadvantages of approaches to cost management of the restaurant business are identified. The components of the cost management process are proposed, which reflect the sequence and connection of the main stages of management decision-making. The practical implementation of the proposed components will allow the management of the institution to build a process of cost management, which will operate effectively in conditions of uncertainty of market relations; to allocate costs in the conditions of limited available resources for the purpose of their effective use; make effective management decisions that will facilitate the rapid adaptation of the existing cost management system to changes in the external environment. Effective cost management plays a crucial role in the process of reproduction, as covering the cost of production allows you to restore and expand the scale of activities. The size of the profit of the restaurant depends directly on its costs, as costs affect the efficiency of production, pricing and competitiveness of products in the market. In addition, the study of costs allows you to decide on the feasibility of the hospitality industry. To form an effective cost management system, increase the volume of economic activity of enterprises, reduce the cost of production, improve its quality and improve the quality of management decisions, the article proposes to develop and implement a program to increase competitiveness. This means an organized set of works aimed at solving the problem of increasing the competitiveness of products and institutions as a whole, the implementation of which is limited in time, as well as related to the consumption of specific financial, logistical and labor resources.

АНАЛІЗ БЕЗЗБИТКОВОСТІ ПІДПРИЄМНИЦЬКОЇ ДІЯЛЬНОСТІ В УМОВАХ ЗМІН

The article deals with the functioning of entrepreneurial activity in the conditions of changes. The peculiarity of entrepreneurial activity is determined, which consists in the correct assessment of the situation and the transformation of difficulties into profit. Economic instability increases the risk and at the same time increases the chances of an entrepreneur who will be able to correctly assess the situation, predict losses and profits. Effective entrepreneurial activity in the face of change depends on the rational use of all types of resources, which necessitates the transition to an optimal cost management system. Methods have been studied that make it possible to quickly assess the impact of the size and structure of costs, the volume of sales of products on profit, analyze its dependence on the price level and production structure, and justify the marketing strategy. The level of break-even production of products or services is analyzed, at which the proceeds from the sale of these products/services (income) are equal to total costs. CVP-analysis is described, which allows optimizing the ratio between variable and fixed costs; optimize the ratio between price and sales volume; minimize business risk; evaluate and predict financial results; identify reserves and ensure an adequate margin of financial stability and justify recommendations for improving activities. The indicators necessary to determine the break-even activity were studied: marginal profit, marginal profit ratio, equilibrium volume of operating activity, level of operational security, and volume of operating activity that provides the target profitability and control lever. CVP analysis should help reduce the risk associated with choosing the right solution. It should be based on accounting information, reporting, plans and forecasts. The break-even analysis of economic activity as a cost management tool has many advantages and, from the point of view of the distribution of fixed costs, provides an objective assessment of performance and enables effective planning, forecasting and cost management. Indeed, in the conditions of change, the problem arises of determining costs, their distribution among objects and ensuring their minimization, management and recognition of expediency, achieving the necessary profitability.

Evaluating the usefulness of cost accounting in selected business entities in light of the Covid-19 pandemic — results of the author’s survey research

Purpose: The purpose of this article is to analyze and evaluate the usefulness of the cost accounting system of selected enterprises in the Świętokrzyskie voivodeship for managing their costs under the conditions of the COVID-19 pandemic. Design/methodology/approach: The article presents the results of the author’s survey research. This research was carried out using the Computer-Assisted Web Interview survey method. Business entities from the Świętokrzyskie voivodeship with an entry in the National Court Register were invited to the survey via e-mail. These were commercial companies, mainly limited liability companies and joint-stock companies. Findings: The main conclusion of the study is that the full cost accounting used in business entities is partially useful for effective cost management of the studied entities. With the COVID-19 pandemic, there was little impact on the usefulness of cost information extracted from applied costing. Originality/value: The COVID-19 pandemic has destabilized all areas of economic and social life in Poland. Therefore, an important issue is the analysis and evaluation of its impact, which is still faced today by representatives of various industries and sectors of the Polish economy. The considerations presented here concern evaluating the utility of cost accounting systems in light of the COVID-19 pandemic. This information can be useful for those dealing with cost accounting issues and the effects of the coronavirus pandemic in theory, as well as business owners, controlling managers or accounting services staff. Keywords: cost accounting, commercial companies, COVID-19 pandemic. Category of the paper: research paper, surveys.

ПУТИ ПОВЫШЕНИЯ ЭФФЕКТИВНОСТИ УПРАВЛЕНИЯ ЗАТРАТАМИ В УСЛОВИЯХ КРИЗИСА И НЕОПРЕДЕЛЕННОСТИ

The article is devoted to the search for fundamentally new solutions for effective cost management on the example of Russian pharmacy organizations in the conditions of instability of the internal and external environment. The relevance of the opening and development of further activities of prescription production departments of pharmacies is substantiated, which will allow solving both economic and social problems.

КОНЦЕПТУАЛЬНІ АСПЕКТИ ОРГАНІЗАЦІЇ ОБЛІКОВО-АНАЛІТИЧНОГО ЗАБЕЗПЕЧЕННЯ СТРАТЕГІЧНОГО УПРАВЛІННЯ ВИТРАТАМИ ПІДПРИЄМСТВА

The article considers the concept, essence and content of educational and analytical strategic cost management of the enterprise. Representatives of the German accounting school, which are best known in many Western countries, in particular in German-speaking countries, are considered. It is proved that problem management accounting is a sporadic process of in-formation processing in order to provide information and analytical support to management in solving a specific management problem, as the main information base for problem accounting is systematic management accounting. Where, in turn, system-atic management accounting German scientists propose to divide into such components as "cost accounting by type" (German Kostenartenrechnung), "cost accounting" (German Kostenstellenrechnung) and "cost accounting" (German .Cost calculation). It is also pertinent to note that the reception and direct translation of the German term "Kostenstelle" ("Kosten" – costs, "Stelle" – place) as "place of origin of costs" is not entirely correct. The essence of strategic cost management, which is the ability to build situational models, develop promising strategies for enterprise development, based on continuous monitoring and analysis of changes in the enterprise and the external environment. It is proved that the implementation of strategic management is car-ried out through the development and adoption of strategic management decisions, which include all decisions related to key aspects of the enterprise, focused on the long term and made in conditions of high uncertainty. The place of strategic accounting and strategic analysis in the process of strategic management of an economic entity is considered. The process of accounting and analytical support of strategic cost management of enterprises is studied. Accounting and analytical support in the management of enterprise costs is considered. It is determined that for the organization of an effective cost management system of the business entity must take into account the peculiarities of the accounting system at the enterprise, features of planning and calculating the cost of production, the structure of divisions and departments of the enterprise.

ОПТИМИЗАЦИЯ НОМЕНКЛАТУРЫ СТАТЕЙ ЗАТРАТ СТРОИТЕЛЬНОЙ ОРГАНИЗАЦИИ ДЛЯ ЦЕЛЕЙ КАЛЬКУЛЯЦИИ СЕБЕСТОИМОСТИ ВЫПОЛНЯЕМЫХ РАБОТ

The calculation of the cost of the work performed is necessary to ensure an effective cost management process for the economic activities of a construction organization. When calculating the cost of construction work, financial information is generated that is used in the accounting activities of the enterprise to reduce the amount of production and other costs. However, the optimization of the nomenclature of cost items of construction enterprises plays an important role in ensuring the reverse process – with the efficient allocation of resources to ensure a high level of profitability of the organization’s construction activities. The scientific article presents the results of the analysis of the features of the optimization of the nomenclature of cost items of a construction company to ensure the goals of calculating the cost of work performed. The relevance of scientific research on the selected issue is due to the fact that, thanks to the optimization of the nomenclature of cost items for a construction organization, cost management and the formation of the cost of construction work are ensured. This, in turn, ensures the management of the competitiveness of construction work and increase the economic security of the construction company. The article considers the need to manage costs while ensuring the economic efficiency of construction organizations. A complete classification of the composition of costs, which are included in the calculation of the cost of the work performed by a construction company, is given. The main types of cost of construction work of the organization are identified. The main types of costing of construction works are listed. Their brief characteristics and advantages in the use of cost management in the enterprise are considered. The role of optimizing the nomenclature of cost items of a construction organization is analyzed in providing the calculation of the cost of construction work performed. Possible directions for optimizing the range of cost items for a construction organization are identified to ensure the calculation of the cost of work performed. At the end of the article, the author summarized that the optimization of the nomenclature of cost items of a construction organization allows you to systematize costs for specific types and classifications that reduce costs when assessing the costing of the work performed.