The costs system like a part of the company managerial information system

Kučera, M.; Škorecová, E.; Látečková, Anna

doi:10.17221/5117-agricecon

Cited by 4 publications

(2 citation statements)

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“…Furthermore, providing this information is a competitive advantage for the company (Kučera et al 2005). The profitability monitoring will be more important in the future due to the abolition of milk quotas after 2015 (Kuipers 2006).…”

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confidence: 99%

Development of competitiveness and its determinants in Slovak dairy farms

Michaličková¹,

Krupová²,

Polak³

et al. 2014

AGR ECON-CZECH

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Th e competitiveness and its determinants for Slovak dairy cattle farms during the years 2007 to 2011 was analysed. Th e economic database of the Research Institute for Animal Production Nitra was used as the basis. Th e profi t in milk production with including the direct subsidies was assumed as the main parameter of the dairy farm competitiveness. Th e infl uence of the individual cost items and milk yield on the competitiveness was quantifi ed using the multivariable linear regression model. Our results indicate that the farms were competitive in milk production only in 2007 and 2008. Th e highest profi t (0.026 € per 1 kg of milk) was reached in 2007. It was mainly determined by the level of the milk price (+9%) and unit costs (-10%) in the evaluated period. Th e negative regression to the competitiveness was observed for the feed costs, labour costs, repairs and services, depreciations, other direct costs and overheads. On the other hand, the statistically positive impact of the milk yield was found. Generally, the eff ective utilization of the production potential of animals should be recommended as the main factor of the unit costs reduction as well as for the improvement of the dairy cattle farms profi t.

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confidence: 99%

Development of competitiveness and its determinants in Slovak dairy farms

Michaličková¹,

Krupová²,

Polak³

et al. 2014

AGR ECON-CZECH

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“…Kucera et al [10] argue that the cost management system of the enterprise is one of the main components of the management system. Govdya et al [11] emphasize the importance of the accounting and analytical system for cost management of agricultural enterprises, which should be formed based on the decomposition approach to such a process.…”

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confidence: 99%

The Experience of European Countries in Managing the Expenditures of Enterprises in the Agricultural Sector

Reznik

Lavrynenko

Zeliska

et al. 2022

Wseas Transactions on Environment and Development

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Ensuring the efficient development and functioning of agricultural enterprises depends on the rationally formed optimal level of costs for the implementation of economic activities, particularly for the production of agricultural products. This article aims to describe methodological principles of cost management of agricultural enterprises based on the European Union countries using determination of interconnection between total costs of agricultural enterprises and indicators of the value of agricultural products manufactured by them. Methods: theoretical analysis, abstraction, induction, deduction, tabular and graphical presentation, description, comparison, comparison, and generalization. Results: It was found that the disclosure of methodological principles of cost management of agricultural enterprises should be carried out by identifying the relationship between the total costs of agrarian enterprises and indicators of the cost of agricultural products produced by them using correlation analysis. As a result of correlation analysis, we established direct and reversed very high, high, medium, moderate, and weak correlations between the indicator of total costs of agricultural enterprises and the indicator of the cost of grain growing, index of production cost of industrial crops and the index of the cost of forage crops production according to the surveyed countries of the European Union. It was found that with very high and high intensity of interconnection between the analyzed variables. The increase in the indicator of total costs directly affects the growth of the cost of growing crops by agricultural enterprises in Austria, Belgium, Bulgaria, Croatia, Cyprus, Estonia, Latvia, the Netherlands, and Romania. The growth in the indicator of total costs directly affects the growth of the production cost of industrial crops by agricultural enterprises of Denmark, Estonia, Greece, Latvia, and Portugal and the increase in the indicator of total costs directly affects the increase in the cost of growing forage crops by agricultural enterprises of Belgium, Croatia, Cyprus, Estonia, Ireland, the Netherlands, Romania, Slovenia, Spain, and Sweden. The prospect of the following research is to disclose the methodological principles of cost management of agricultural enterprises on the application of the United States of America.

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Variant calculation system - the instrument of economic performance management of a multifunctional agricultural enterprise

Škorecová¹,

Farkašová²

2008

AGR ECON-CZECH

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The article is focused on the importance of using the variant calculation methods in the management of companies’ performance under the conditions of multifunctional agriculture. It mentions the difference between the calculations formed for the needs of valuating the production in the financial statements and the managerial calculations. Attention is paid to overhead costs in agriculture, their development is depicted with tables and graphs. The development of overhead costs during the time period of 1997–2006 is presented in crop production and outputs of wheat and rapeseed, in livestock production in Slovakia and in the outputs of cattle (6–24 months) and pigs (1–12 months). The fastidiousness of market environment of the globalized economies requires a gradual transformation from the classical calculation system into the managerial calculation system, which provides a multidimensional insight into the product as well as the market. The sequence of establishing the variant calculation methods is also introduced together with the reasons of under-valuating calculations in the managerial practice.

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The costs system like a part of the company managerial information system

Cited by 4 publications

References 1 publication

Development of competitiveness and its determinants in Slovak dairy farms

Development of competitiveness and its determinants in Slovak dairy farms

The Experience of European Countries in Managing the Expenditures of Enterprises in the Agricultural Sector

Variant calculation system - the instrument of economic performance management of a multifunctional agricultural enterprise

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