Home  Journals  International Accounting  10(424) - 2017 May

Cost optimization at bakeries based on management accounting tools

Vol. 20, Iss. 10, MAY 2017

Article PDF Version

Received: 19 January 2017

Received in revised form: 2 March 2017

Accepted: 11 April 2017

Available online: 29 May 2017

Subject Heading: COST ACCOUNTING AND CALCULATION OF VALUE

JEL Classification: М41

Pages: 579-595

https://doi.org/10.24891/ia.20.10.579

Importance Production cost reduction enables to achieve maximum effect at minimum cost. Therefore, development and improvement of cost accounting methods are important in production process accounting.
Objectives The purpose of the study is to review and develop the theory and practical recommendations on improvement of cost accounting and calculation of production costs that allow optimizing costs at planning and production stages, to offer a unique method of cost accounting based on the synthesis of target costing and Kaizen costing, to develop an algorithm for cost optimization.
Methods The methodology includes analysis, comparison, systematization and generalization of modern academic literature on the subject of the research.
Results The article describes modern methods of cost accounting and calculation of production cost. We offer our own technique based on the synthesis of target costing and Kaizen costing. The technique has practical importance and enables cost optimization on the basis of modern cost accounting methods.
Conclusions The most efficient methods to optimize costs and achieve target (optimal) cost are target costing and Kaizen costing.

Keywords: cost accounting, target costing, Kaizen costing, calculation, product cost

References:

1. Egorova S.E., Yudanova L.A. [Comparative analysis of new methods and systems of cost accounting and calculation of production costs]. Vestnik Pskovskogo gosudarstvennogo universiteta = Vestnik PskovSU, 2015, no. 2, pp. 94–106. (In Russ.)
2. Firova I.P., Glazov M.M. [Improving the methods of accounting and cost management as the most important factor of economic security of industrial enterprises]. Vestnik Sankt-Peterburgskogo universiteta MVD Rossii = Bulletin of Saint Petersburg University of the Ministry of Internal Affairs of the Russian Federation, 2014, no. 4, pp. 161–164. (In Russ.)
3. Loch M.V., Yolgina E.A. [Modern development trends in management accounting: Target costing and Kaizen costing]. Uchet, analiz i audit: problemy teorii i praktiki = Accounting, Analysis and Audit: Problems of Theory and Practice, 2011, no. 6, pp. 111–115. (In Russ.)
4. Redchenko K. [The East wind: Methods to reduce production cost in strategic management]. Menedzhment segodnya = Management Today, 2003, no. 3, pp. 2–12. (In Russ.)
5. Hiromoto T. Another Hidden Edge: Japanese Management Accounting. Harvard Business Review, 1988, July–August, pp. 4–7.
6. Kim L.I. Strategicheskii upravlencheskii uchet: monografiya [Strategic management accounting: a monograph]. Moscow, INFRA-M Publ., 2014, 202 p.
7. Fetisova O.A. [Methods to calculate cost of products (works, services) in the IT sphere based on target costing and Kaizen costing]. Finansovyi zhurnal = Financial Journal, 2015, no. 6, pp. 90–102. (In Russ.)
8. Iskhakov A.T. [Practical application of target costing and Kaizen costing in agriculture]. Vestnik Kazanskogo gosudarstvennogo finansovo-ekonomicheskogo institute = Bulletin of Kazan State Finance and Economics Institute, 2009, no. 1, pp. 48–51. (In Russ.)
9. Glazov M.M., Firova I.P. [The 'standard costing' system as a basis for improvement of accounting and cost management]. Obshchestvo. Sreda. Razvitie = Society. Environment. Development, 2015, no. 1, pp. 11–15. (In Russ.)
10. Smirnova N. [Target costing enables to manage cost]. Konsul'tant = Consultant, 2006, no. 7, pp. 72–74. (In Russ.)
11. Sadrieva E.R., Iskhakov A.T. [Advantages of target costing in agriculture]. Vestnik Kazanskogo gosudarstvennogo agrarnogo universiteta = Vestnik of Kazan State Agrarian University, 2008, no. 1, pp. 22–25. (In Russ.)
12. Sitnikova S.A. [The essence of the target costing system and its application in baking industry organizations]. Aktual'nye problemy ucheta, ekonomicheskogo analiza i finansovo-khozyaistvennogo kontrolya deyatel'nosti organizatsii: materialy II Mezhdunarodnoi zaochnoi nauchno-prakticheskoi konferentsii [Proc. 2nd Int. Sci. Conf. Urgent Problems of Accounting, Economic Analysis and Financial and Economic Control over Organizations' Activity]. Voronezh, Voronezh State University Publ., 2015, pp. 123–126.
13. Zimakova L.A., Kostyakova Yu.V. [Industry-specific application of target costing at bakeries]. Aktual'nye voprosy ekonomicheskikh nauk = Topical Issues of Economic Sciences, 2010, no. 12-2, pp. 21–26. (In Russ.)
14. Grushanina A.A. [A methodology for investment transactions accounting in modern conditions]. Vestnik Samarskogo gosudarstvennogo universiteta putei soobshcheniya = Bulletin of Samara State Transport University, 2011. no. 1, pp. 25–33. (In Russ.)
15. Masaaki Imai. Kaizen: klyuch k uspekhu yaponskikh kompanii [Kaizen: The Key to Japan's Competitive Success]. Moscow, Al'pina Biznes Buks Publ., 2007, 332 p.
16. Monden Ya. Toiota. Metody effektivnogo upravleniya [Toyota: Effective Management Methods]. Moscow, Ekonomika Publ., 1989, 288 p.
17. Katkov Yu.N., Nikitina S.V. [Target costing and Kaizen costing in cost optimization and calculation of cost of agricultural products]. Bukhuchet v sel'skom khozyaistve = Accounting in Agriculture, 2011, no. 8, pp. 29–35. (In Russ.)
18. Musina A.Zh. [The philosophy of Kaizen as a way to solve problems of production]. Vestnik instituta Druzhby narodov Kavkaza = Bulletin of Peoples' Friendship Institute of the Caucasus, 2014, no. 4(32), pp. 12–16. (In Russ.)
19. Prosvirina I.I., Proskurina V.V. [Kaizen costing as a cost management system at modern enterprises]. Nauchno-analiticheskii ekonomicheskii zhurnal = Scientific and Analytical Economic Journal, 2016, no. 5, p. 4. (In Russ.)
20. Kuznetsova N.V., Olekh M.V. [Features of applying the methods of target costing and Kaizen costing in the Russian economy]. Strategiya sotsial'no-ekonomicheskogo razvitiya obshchestva: upravlencheskie, pravovye i khozyaistvennye aspekty: materialy Vserossiiskoi zaochnoi nauchno-prakticheskoi konferentsii [Proc. All-Russ. Sci. Conf. Strategy of Socio-economic Development of Society: Administrative, Legal and Economic Aspects]. Kursk, Universitetskaya kniga Publ., 2015, pp. 170–173.
21. Obvintsev D.S. [Innovative methods of cost management]. Kreativnaya ekonomika = Journal of Creative Economy, 2013, no. 7, pp. 30–35. (In Russ.)
22. Zambrzhitskaya E.S., Shchepot'eva E.Yu. [Improving the methods of cost accounting and calculation of production cost in the woodworking industry]. Korporativnaya ekonomika = Corporate Economics, 2015, no. 3(3), pp. 30–37. (In Russ.)
23. Butrina I.L. Sistema tselevogo upravleniya zatratami predpriyatiya [The system of targeted cost management at the enterprise]. Available at: Link (In Russ.)
24. Ershova M.V., Zharikov R.V., Zharikov V.D. [A model of production cost reduction cost at industrial enterprises]. Organizator proizvodstva = Organizer of Production, 2016, no. 2, pp. 67–78. (In Russ.)
25. Kibitkin A.I., Drozhdinina A.I., Mukhomedzyanova E.V., Skotarenko O.V. Uchet i analiz v kommercheskoi organizatsii [Accounting and analysis in a commercial organization]. Moscow, Izdatel'skii Dom Akademii estestvoznaniya Publ., 2012, 368 p.
26. Skripko L. [Economy of quality: Trends and development prospects]. Standarty i kachestvo = Standards and Quality, 2003, no. 1, pp. 68–71. (In Russ.)

View all articles of issue

ISSN 2311-9381 (Online)
ISSN 2073-5081 (Print)

Journal current issue

Vol. 27, Iss. 4 April 2024

Archive