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Economic Analysis: Theory and Practice
 

Cost centers and responsibility centers in the exploration industry management accounting

Vol. 13, Iss. 17, MAY 2014

Available online: 9 May 2014

Subject Heading: MANAGEMENT ACCOUNTS

JEL Classification: 

Pages: 47-52

Zyleva N.V. Tyumen State University, Tyumen, Russian Federation
zyileva@mail.ru

The article reviews establishing of an effective management system of geological prospecting process. The article notes that such a process requires precise investigation and research because of the exploration industry plight in the field of mineral reproduction. The article analyzes in detail the opportunity to collect, classify and manipulate the exploration cost data. The author's opinion is that an allotment of cost centers and responsibility centers is a direct function of the geological-prospecting process stage. The author states that holding the general cost information of each particular stage of prospecting works may be used to systematize a mineral reproduction process. The article is of interest to analysts studying the effectiveness of exploration works and long-term planning companies' potential.

Keywords: geological prospecting process, cost center, responsibility center, management reporting

References:

  1. Draiver dlia otrasli [Driver for the industry]. Neft’ Rossii – Oil of Russia, 2012, no 5, рр. 8–10.
  2. Kondrakov N.P. Bukhgalterskii (finansovyi, upravlencheskii) uchet [Accounting (financial, administrative)]. Moscow, Velbi, Prospekt Publ., 2007, 448 p.
  3. Lebedev V.G., Drozdova T.G., Kustarev V.P., Asaul A.N., Fomina T.A. Upravlenie zatratami na predpriiatii [Cost management in the enterprise]. St. Petersburg, Biznes-pressa Publ., 2006. 352 p.
  4. Executive Order of the Ministry of Natural Resources of the Russian Federation “On Approval of temporary regulations and classifications” of February 07, 2001 № 126. (In Russ.)

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ISSN 2311-8725 (Online)
ISSN 2073-039X (Print)

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