Cost management system: an operational overview

Abstract

If you would like to write for this, or any other Emerald publication, then please use our Emerald for Authors service information about how to choose which publication to write for and submission guidelines are available for all. Please visit www.emeraldinsight.com/authors for more information. About Emerald www.emeraldinsight.comEmerald is a global publisher linking research and practice to the benefit of society. The company manages a portfolio of more than 290 journals and over 2,350 books and book series volumes, as well as providing an extensive range of online products and additional customer resources and services.Emerald is both COUNTER 4 and TRANSFER compliant. The organization is a partner of the Committee on Publication Ethics (COPE) and also works with Portico and the LOCKSS initiative for digital archive preservation.

Implications for competitiveness of the Estonian carbon-intensive industry post-2013

“…in local heat generation, these firms still need to benchmark their costs against the set market price since not all market participants may be subject to the same cost increase 5 . Whether carbon-intensive firms can also stay profitable with higher CO 2 emission prices depends on their average cost curve: as per Agrawal et al (1998) growing business will become possible by increasing efficiency and reducing costs. This means that starting from equilibrium some companies can go out of business.…”

Investigation of the relationship between contemporary cost management methods and improvement in financial performance

“…ABC and activity-based management (ABM) help us achieve this (De Zoysa & KanthiHerath, 2007, p. 276). Krumwiede (1998), Agrawal, Mehra, and Siegel (1998) and Kaplan and Cooper (1998) also note that the greatest benefit of the ABC method is the allocation of overheads. Given that the overheads are growing substantially and in most companies outweigh the costs of direct labour many times over, a number of companies began to treat direct labour as a component of overhead costs rather than separating them as a special category of costs.…”

An ABC analysis for power generation project

“…According to Cooper and Kaplan (1987) in order to make suitable decision such as optimal pricing strategy, one needs to locate the cost of product. There are two primary methods for measuring the cost of project-based products: traditional versus activity based cost (ABC) methods (Agrawal & Mehra, 1998;Cooper & Kaplan, 1992). The first one assumes different products consume the same amount of overhead expenditures but ABC method considers details of overhead cost and using an appropriate cost driver, the method provides more precise figure for the cost of project-based products.…”