Cost Management Accounting Research Articles

Environmental Cost Management Accounting in Fdi Enterprises

Environmental Cost Management Accounting in Fdi Enterprises

The Role of Cost Management Accounting in Supporting Sustainable Development in Vietnamese Enterprises

This study was conducted to examine the role of cost management accounting in supporting sustainable development in Vietnamese enterprises. This study attempts to understand how cost management accounting can contribute to sustainable development in Vietnamese companies, including identifying and quantifying environmental and social impacts, improving efficiency and reducing costs, and supporting the development of sustainable development initiatives. The study identifies challenges and barriers in implementing cost management accounting to support sustainable development in Vietnamese companies, including lack of awareness and understanding, lack of standardization and lack of stakeholder engagement. The study builds a framework for integrating cost management accounting with sustainability initiatives at Vietnamese companies, including key components such as defining sustainable development, identifying and measuring environmental and social impacts, quantifying financial impacts, and promoting transparency and accountability. The findings and research framework can be used to support the development of sustainable development initiatives in Vietnamese companies, contributing to the implementation of the country's sustainable development goals and improving the competitiveness and reputation of Vietnamese enterprises.

Implementation, intervention, and downstream costs for implementation of a multidisciplinary complex pain clinic in the Veterans Health Administration.

To determine the budget impact of implementing multidisciplinary complex pain clinics (MCPCs) for Veterans Health Administration (VA) patients living with complex chronic pain and substance use disorder comorbidities who are on risky opioid regimens. We measured implementation costs for three MCPCs over 2 years using micro-costing methods. Intervention and downstream costs were obtained from the VA Managerial Cost Accounting System from 2 years prior to 2 years after opening of MCPCs. Staff at the three VA sites implementing MCPCs were supported by Implementation Facilitation. The intervention cohort was patients at MCPC sites who received treatment based on their history of chronic pain and risky opioid use. Intervention costs and downstream costs were estimated with a quasi-experimental study design using a propensity score-weighted difference-in-difference approach. The healthcare utilization costs of treated patients were compared with a control group having clinically similar characteristics and undergoing the standard route of care at neighboring VA medical centers. Cancer and hospice patients were excluded. Activity-based costing data acquired from MCPC sites were used to estimate implementation costs. Intervention and downstream costs were extracted from VA administrative data. Average Implementation Facilitation costs ranged from $380 to $640 per month for each site. Upon opening of three MCPCs, average intervention costs per patient were significantly higher than the control group at two intervention sites. Downstream costs were significantly higher at only one of three intervention sites. Site-level differences were due to variation in inpatient costs, with some confounding likely due to the COVID-19 pandemic. This evidence suggests that necessary start-up investments are required to initiate MCPCs, with allocations of funds needed for implementation, intervention, and downstream costs. Incorporating implementation, intervention, and downstream costs in this evaluation provides a thorough budget impact analysis, which decision-makers may use when considering whether to expand effective programming.

Методика управленческого учета затрат и калькулирования себестоимости неамортизируемой организационно-технологической оснастки производства продукции промышленного предприятия

The article is devoted to the search for scientific and practical solutions aimed at improving the quality of the information and instrumental space of management cost accounting and calculating the cost of not amortised organizational and technological equipment of industrial enterprises. In the course of the conducted research on a number of economic entities of the Nizhny Novgorod region, methods of observation, collection, systematization, classification and reflection in information registers of information relevant to the studied subject area were used; complex managerial, practice-oriented and statistical types of analysis, scientific interpretation of accumulated data using calculations and graphical formalization; the existing theoretical and methodological approaches used in the subject area under study are considered; a methodology for managerial cost accounting and calculating the cost of OTP using analytical accounting registers formed directly in the context of this type of product is proposed. The integrated use of the proposed methodology will improve the quality of awareness of decision makers on production cost management; create institutional conditions for its application in the field of manufacturing products for their own technological needs.

УПРАВЛЕНЧЕСКИЙ УЧЕТ ЗАТРАТ В ПРОМЫШЛЕННОМ ПРОИЗВОДСТВЕ

This article discusses the main approaches to management accounting of costs for the production of cable-harness products, taking into account technological features. The purpose of management accounting for the costs of the production process is to study information on both the expenditure side and the income side, taking into account the resulting finished product. The process of producing cable products in modern industry is a complex and multi-stage procedure; accordingly, the management accounting system must take into account all technical, technological and economic factors. In the management accounting system, production stages require special attention to every detail of the process, including compliance with all accounting and technological requirements and standards. The article examines the stages of manufacturing cable-harness products, based on production technology, presents the features of management cost accounting in relation to each stage, proposes fundamental approaches to forming a business development strategy for an economic entity in the management accounting system, develops classification characteristics and approaches to carrying out research in management accounting, examples from practice in the relevant production are given.

Trend of Applying Cost Management Accounting in the World

Humanity is currently facing human health problems, environmental degradation and resource depletion. Businesses need to conduct environmental impact assessments, develop and deploy environmental treatment solutions. To do that work, many types of costs inevitably arise on an increasingly large scale related to the environment, handling environmental impacts and improving environmental quality. The requirement for administrators is to have more information about costs related to the environment that arise. Therefore, the application of environmental cost management accounting is an inevitable trend, considered an important and necessary tool to meet the above requirements.

Cost Management Accounting at Universities Under the Ministry of Labor, Invalids and Social Affairs

University autonomy is an inevitable trend and an important condition to promote the development of the education system in general and higher education in particular today. Operating in this new environment, financially autonomous public universities have many opportunities to assert themselves but also face a lot of competitive pressure. This forces universities to strengthen management and control of all activities, especially finances. The article presents the current status of cost management accounting at universities under the Ministry of Labor, Invalids, and Social Affairs, including 4 universities: the University of Labor and Social Affairs, Nam Dinh University of Technical Education, Vinh University of Technical Education, and Vinh Long University of Technical Education. Research using interview, survey, and comparative analysis methods From there, it points out the limitations in implementing cost management accounting work at universities under the Ministry of Labor, Invalids, and Social Affairs. At the same time, provide solutions to overcome those limitations.

Cost comparison of in-person and telehealth modalities for a suicide safety planning group intervention: interim results from the "Project Life Force" randomized clinical trial.

Suicide prevention is a clinical priority for the US Veterans Health Administration. Evidence-based interventions, including developing a suicide safety plan, are recommended practices and are becoming more widespread. Adaptations to further augment safety planning include a manualized group intervention (Project Life Force, PLF) that combines safety planning with the teaching of skills to maximize use of the plan. A multi-year randomized controlled trial to test efficacy of PLF compared to treatment as usual is currently in progress. However, approximately a year into the study, in-person groups were converted to telehealth groups due to the COVID-19 pandemic. This study compares the per-veteran cost of PLF when delivered in-person versus by telehealth using preliminary trial data from the first 2.5 years of the trial. Cost to deliver PLF was obtained from the Veterans Health Administration's Managerial Cost Accounting data, which relies on activity-based costing. We found no significant differences in the average number of sessions or average group size between in-person and telehealth. However, the cost per group session was lower for the telehealth modality and this led to significant overall per-veteran savings. While efficacy data comparing from the two arms is still underway and we await the ongoing RCT results, our interim cost analysis highlights potential savings with the telehealth modality.

The Cost - Based Pricing: Research in Pharmaceutical Enterprise in Hanoi

The authors investigated and evaluated the factors affecting cost-based pricing in pharmaceutical enterprises in Hanoi. Data were surveyed and collected from 77 pharmaceutical enterprises in Hanoi in 2023 and analyzed using statistical tools. Pharmaceutical enterprises in Hanoi include large-sized enterprises and small and medium-sized enterprises. Survey subjects are mainly business administrators and accountants. The survey results show that there are three factors affecting the cost-based pricing method in pharmaceutical enterprises in Hanoi: (1) the degree of influence in price determination sales; (2) cost information; and (3) market share. Based on the obtained results, the authors present new proposals for applying cost management accounting methods to product pricing in pharmaceutical enterprises in Hanoi. Research also shows that businesses should invest in a cost management accounting system to provide information useful to managers in making product pricing decisions, especially when cost information is an important factor that has the strongest influence on the method of product pricing in pharmaceutical enterprises in Hanoi.

CLASSIFICATION OF EXPENDITURES ON INNOVATION ACTIVITIES OF INDUSTRIAL ENTERPRISES

Modern trends in economic development, such as globalisation of markets, intensification of competition, changes in consumer demand, shortening of life cycles of goods and technologies, increasing requirements for their quality, and rising costs of used resources, require leaders and managers to find effective methods of managing the company's activities. Ensuring the competitiveness of enterprises in such conditions is impossible without the introduction of the latest management concepts, which requires changes and development of functional management, one of which is the management of costs based on the definition of new criteria for their classification. Classification of costs for management purposes should meet the main requirement – it should be based on characteristics that allow differentiation of costs for their management in various aspects. It creates conditions for determining the level of costs according to the scope of their management, organisation of planning, accounting, control and analysis. The purpose of the article is to consider the accounting, analytical and management tasks of cost classification in industrial enterprises and its improvement. Methodology. The methodological basis of the thesis is a set of methods and principles of scientific knowledge, general and special methods and techniques used in research. The theoretical basis of the study is the scientific work of domestic and foreign scientists on issues of cost management, organisation of information systems, management accounting of costs, methods of cost management. The legal basis of the study consisted of the current legislative and regulatory documents regulating the formation of costs of enterprises in Ukraine. The information base included official statistical data, reporting and accounting information of enterprises, Internet resources and publications, as well as the results of own research. In order to achieve the set goal, the methods of system approach (to study and characterise the theoretical basis of cost classification) and structural-logical analysis (to determine the criteria for classification of costs of an industrial enterprise) were used when writing the article. Practical implications. The obtained results and the developed recommendations constitute a methodological basis for the improvement of the management of costs for the innovative activity of industrial enterprises based on the definition of new criteria for their classification. The most practical results are: the study of the similarities and differences in the approaches to cost classification of industrial enterprises, the definition of the objectives of cost classification, the consideration of cost classification by cost items, the need to distinguish additional features of cost classification. Value/originality. The classification of costs for the innovative activity of an industrial enterprise has been improved and extended with additional criterion features (possibility of management, accounting and reporting, the principle of accepted obligations, the place of formation, according to the stability factor), due to the need to determine the relationship between the size of the enterprise 's costs and the possibilities of exercising managerial influence on them by managers of different levels, which makes it possible to optimise the composition and structure of costs, which are reflected in various methods of cost management and are the basis for their choice of coordination.

A model of accounting and analytical support of cost optimization in the context of new institutionalism

Subject. This article deals with the theoretical and methodological features of the formation of accounting and analytical support for transformation and transaction cost optimization. Objectives. The article aims to indicate the need to classify costs according to their belonging to transactions and disclose the theoretical and methodological features in the context of accounting and analytical cost optimization support. Methods. For the study, we used general scientific methods (analysis, comparison and interpretation) and statistical methods in economics. The results of the study are shown in tabular and graphical forms. Results. The article defines the notion of Transaction Cost and the need to decompose cost into transformation and transaction parts to take measures to optimize the level of costs. It systematizes the theoretical and methodological features of accounting and analytical models for transformation and transaction cost optimization. The article also proposes to integrate digital technologies into the management cost accounting system. Conclusions and Relevance. The article justifies the necessity to break costs into transformation and transaction parts for these types of cost have different approaches to the accounting and analytical support formation for optimization. The organization of accounting and analysis of costs by their belonging to transactions can improve the quality of accounting and analytical support and, consequently, the information base for management decisions. At present, the digital technologies that can be used in financial and operational activities contribute to cost reduction.

Exploration and Thinking on Fine Management of Cost Accounting of Medical Consumables

With the gradual advancement of The Reform Plan to Control High-value Medical Consumables published by the State Council, the reform policies such as purchase with quantity, charging consumables" zero bonus" were born, the operating pressure of medical institutions on medical consumables increased sharply, and the fine cost accounting management demands were improving. Due to the manage features of medical consumables, this will lead to the inaccurate and cross-cycle of cost accounting. In order to achieve the refined cost accounting management, the related business system and process adjustment are studied.

Within-Trial Cost-Effectiveness of an Adherence-Enhancing Educational Intervention for Glaucoma

PurposeTo assess the within-trial cost-effectiveness of a behavioral intervention to improve glaucoma medication adherence. DesignProspective cost-effectiveness analysis of randomized, controlled trial data. MethodsThe study setting was a Veterans Affairs (VA) eye clinic. The patient population comprised veterans with medically treated glaucoma and self-reported poor adherence. Participants were randomized to a personalized educational session with a reminder bottle to promote medication adherence or to a control session on general eye health. Costs were assessed from the perspective of the VA payor at 6 months using the VA Managerial Cost Accounting System. Probabilistic sensitivity analyses were conducted using bootstrapped samples. The main outcome measures were the proportion of participants attaining ≥80% adherence as measured by electronic monitor, total intervention and medical resource costs, and incremental cost-effectiveness ratios comparing intervention to control at 6 months. ResultsOf 200 randomized participants, 95 of 100 assigned to the intervention and 97 of 100 assigned to the control had adherence outcomes at 6 months, and the proportion of adherent patients was higher in the intervention group compared to control (0.78 vs 0.40, P < .0001). All participants had costs at 6 months. The total cost at 6 months was $1,149,600 in the intervention group (n = 100) compared to $1,298,700 in the control group (n = 100). Thus, in a hypothetical cohort of 100 patients, the intervention was associated with cost savings (−$149,100) and resulted in 38 additional patients achieving medication adherence. ConclusionsAn adherence-enhancing behavioral intervention was effective and cost saving at 6 months.

Cost management in the conditions of development of Inter-Organizational Relations of Aic Organizations

The article provides a theoretical justification of the role of managerial cost accounting in agricultural organizations, cost management systems in order to ensure the economic security of agricultural formations, as an effective tool for maintaining the competitiveness of the domestic agricultural sector in unstable economic and political conditions. The dynamic development of economic relations has influenced the use of new methodological solutions, including in relation to the system of economic security of agricultural organizations. In order to promptly obtain the necessary data, form and present information in management accounting to determine the degree of development of management cost accounting of agribusiness organizations and make important management decisions, an effective tool is required that allows for cost control in a short time. To solve these problems, the article presents indicators for assessing the effectiveness of the cost management system in agricultural organizations.

Management accounting of the organization’s Production costs: russian Experience

The paper discusses the Russian features of management accounting of production costs in medium and small enterprises, which being properly organized and functioning, provide an opportunity to use information the performance improving of the organization. Its multi-variance, enshrined in domestic accounting standards, involves the use of various approaches to the formation of costs, in particular, the normative method, which is the subject of this study. Based on the results of the work, as an optimization measure for material-intensive industries, the authors propose to use material costs as a basis for distributing indirect costs and ones for auxiliary production instead of the major employees’ wages. The methodology is based on a systematic and dialectical approach, observation, systematization, analysis, grouping, classification and generalization of data; as well as on such accounting tools as costing and double entry. The specific experience in management cost accounting using the example of an enterprise producing paving tiles will give an opportunity to develop a practical base of works out in determining the stages of costing and the features of the costs specifications of the main and auxiliary production based on the facts of economic life.

Эволюция планов счетов в российской практике: бухгалтерский и управленческий аспекты

The uniformity of approaches on the part of owners and investors to the strategic assessment of the results of the activities of economic entities obliges legislators to set certain requirements for the tools for the formation of accounting and reporting information in such entities. Such tools rightfully include the accounting chart of accounts, which allows you to transform analytical information about economic activity into accounting statements. At the same time, the chart of accounts is designed to provide not only the management strategy of the entity, but also the tactics of management actions. Nevertheless, on the part of legislators, such an orientation of the chart of accounts is not provided with any recommendations today. In this regard, the article aims to analyze the evolution of national accounting plans of accounts in relation to cost accounting in order to identify current problems that hinder the use of the chart of accounts for the needs of management activities. The theoretical and methodological basis of the research in the article is the legally approved account plans in various historical periods. Using such general scientific methods as analysis and synthesis, as well as dialectical and logical approaches to the structure of the charts of accounts, the article substantiates the need to expand the resource of the modern chart of accounts to strengthen the management capabilities of the business. The article summarizes the dynamics of changes in the cost accounting accounts in the account plans and the reasons for such changes. It was concluded that the state’s desire to unify cost information and calculation technology led to a uniform orientation of economic entities to use those accounts that were legally recommended in the plans of accounts. The consequences of this approach are analyzed, which consist in limiting the ability to determine the impact of business participants on the profit of an economic entity. Despite the updated chart of accounts in a market economy, the work focuses on its new capabilities for cost management. In this regard, the possibility of using the current chart of accounts to go beyond the historically established methods of cost accounting and develop management accounting techniques is justified. As recommendations, a component of the working chart of accounts for managerial cost accounting is proposed, which can be used in applied business administration as an application to accounting policy.

A Management Accounting Change Programme: Activity-Based Costing

At present, the global market economy is in the stage of rapid development, and the competition among enterprises is becoming much fiercer. The operation and management of enterprises need to adapt to the changes in the market, which requires enterprises to constantly explore external markets, strengthen management, reduce product costs, and improve core competitiveness. The change of management accounting is a kind of conscious and spontaneous behavior to adapt to the change of internal and external environment of enterprises. The aim of this article is to critically discuss the construction and change of management accounting and control system and its influence with activity-based costing (ABC), an advanced cost management accounting change scheme. This paper first studies the origin and development of activity-based costing from a global perspective, and then focuses on the significance of the implementation of activity-based costing and its impact on the management accounting and control system, and finally, the problems of activity-based costing are discussed.

Research on Teaching Innovation of Cost Management Accounting Course in Private Applied Undergraduate Universities

Based on the characteristics of private applied undergraduate universities, this paper analyses the teaching status of Cost Management Accounting course and constructs an innovative teaching system in four aspects: teaching objectives, teaching materials, teaching methods and teaching evaluation to realize the whole process management of course teaching so as to provide feasible reference for future teaching reform.

A Cost-Consequence Analysis of Preemptive SLCO1B1 Testing for Statin Myopathy Risk Compared to Usual Care.

There is a well-validated association between SLCO1B1 (rs4149056) and statin-associated muscle symptoms (SAMS). Preemptive SLCO1B1 pharmacogenetic (PGx) testing may diminish the incidence of SAMS by identifying individuals with increased genetic risk before statin initiation. Despite its potential clinical application, the cost implications of SLCO1B1 testing are largely unknown. We conducted a cost–consequence analysis of preemptive SLCO1B1 testing (PGx+) versus usual care (PGx−) among Veteran patients enrolled in the Integrating Pharmacogenetics in Clinical Care (I-PICC) Study. The assessment was conducted using a health system perspective and 12-month time horizon. Incremental costs of SLCO1B1 testing and downstream medical care were estimated using data from the U.S. Department of Veterans Affairs’ Managerial Cost Accounting System. A decision analytic model was also developed to model 1-month cost and SAMS-related outcomes in a hypothetical cohort of 10,000 Veteran patients, where all patients were initiated on simvastatin. Over 12 months, 13.5% of PGx+ (26/193) and 11.2% of PGx− (24/215) participants in the I-PICC Study were prescribed Clinical Pharmacogenetics Implementation Consortium (CPIC) guideline-concordant statins (Δ2.9%, 95% CI −4.0% to 10.0%). Differences in mean per-patient costs for lipid therapy prescriptions, including statins, for PGx+ compared to PGx− participants were not statistically significant (Δ USD 9.53, 95% CI −0.86 to 22.80 USD). Differences in per-patient costs attributable to the intervention, including PGx testing, lipid-lowering prescriptions, SAMS, laboratory and imaging expenses, and primary care and cardiology services, were also non-significant (Δ− USD 1004, 95% CI −2684 to 1009 USD). In the hypothetical cohort, SLCO1B1-informed statin therapy averted 109 myalgias and 3 myopathies at 1-month follow up. Fewer statin discontinuations (78 vs. 109) were also observed, but the SLCO1B1 testing strategy was 96 USD more costly per patient compared to no testing (124 vs. 28 USD). The implementation of SLCO1B1 testing resulted in small, non-significant increases in the proportion of patients receiving CPIC-concordant statin prescriptions within a real-world primary care context, diminished the incidence of SAMS, and reduced statin discontinuations in a hypothetical cohort of 10,000 patients. Despite these effects, SLCO1B1 testing administered as a standalone test did not result in lower per-patient health care costs at 1 month or over 1 year of treatment. The inclusion of SLCO1B1, among other well-validated pharmacogenes, into preemptive panel-based testing strategies may provide a better balance of clinical benefit and cost.

Cost management in agribusiness organizations

The article presents the results of the development and testing of cost management methods in agricultural organizations. The purpose of the activity of any organization that has set itself the task of extracting profit is its growth and increasing the efficiency of its activities. As a rule, all organizations strive to maximize their profits while minimizing the costs incurred. In modern economic conditions, such an approach is possible only with a properly constructed effective cost management system. Rational use of available resources by organizations of the agro-industrial complex with proper cost management will allow organizations to be competitive in the market and carry out their activities in the foreseeable future. The subject of the study is the cost management accounting system, the object of the organization of the agro-industrial complex of the Stavropol Territory. The information base was the forms of specialized reporting of agricultural organizations of the Stavropol Territory. The scientific novelty of the research consists in the development of a methodology for the cost management system in the agro-industrial complex organizations of the Stavropol Territory.