The Discussion On Activity-Based Costing Of Xinyu Iron And Steel Limited Liability Company

With the global steel overcapacity,international trade friction and anti dumping of steel products increased sharply,the market of domestic steel products face competition gradually saturated,the importance of cost competition,cost accounting data accuracy is one of the important basis for enterprises to participate in market competition decision.Xinyu Iron and Steel Limited Liability Company as the provincial backbone of large iron and steel enterprises,in response to the national supply side reforms,clearing zombie companies policies to promote and participate in the fierce market competition in the process of diversification and the personalized demand of customers are facing various challenges,the production organization to order,the cost of the complicated forming process,need to adapt to the situation of construction cost accounting the system,in order to effectively solve the problem of distortion of cost information,decision-making and improve the level of enterprises to participate in market competition.Based on the method of literature analysis and case study,this paper studies the activity-based costing problem of Xinyu Iron and Steel Limited Liability Company,and tries to research the activity cost accounting system that covers the main production process of iron and steel enterprises.Firstly,according to reading lots of literature,discusses the meaning and application conditions and the accounting process of ABC,and ABC and the traditional cost accounting from the accounting content and object,cost allocation,accounting objective,accounting process and other aspects of the comparative analysis,further analyzes the estimation ABC established time equation,the production function is established based on the theory of matrix equation and the calculation method of three kinds of cost chain operation equation based on based on summing up three in the long process of cost allocation path and the common method,puts forward the enterprise production process or process,the construction cost calculation equation,the establishment of job design cost accounting model based on reference.Secondly,combined with the current situation and existing problems of cost accounting in Xinyu Iron and Steel Limited Liability Company,the necessity and feasibility of implementing activity based costing are analyzed.The company urgently needs to solve the distortion of cost information,cost control precision and increase the cost of transparency,improve the objective order profitability analysis,implementation of cost accounting system with Ministry of Finance and other iron and steel enterprises,analysis of the implementation of Xinyu Iron and Steel Limited Liability Company operation into the necessity of accounting development.Based on satisfying the basic conditions,from top management’s attention and support,the degree of satisfaction,the management information system of financial accounting system and the organization is equipped with full cost awareness of the four aspects of Xinyu Iron and Steel Limited Liability Company.the implementation of operating cost accounting feasibility and advantage.Thirdly,based on the actual production process and process flow of Xinyu Iron and Steel Limited Liability Company,the design and application assumption of Activity-Based Costing in Xinyu Iron and Steel Limited Liability Company is put forward.Based on the work of the costing preparation are discussed,and put forward the main design of the activity-based cost: one is the in-depth analysis of Xinyu Iron and Steel Limited Liability Company.the main production process and characteristics,process characteristics based on the division of the main operation center,the relationship of steel product features and process cost,determine process work center cost structure and accounting content,from the long process of multiple steps of activity-based cost calculation according to the typical ideas,establish cost equation of cost driver;the two is based on the characteristics of cost accounting from the accounting subject,vouchers,books and statements system design and establish the cost accounting system;three is the design and development of cost accounting process from the analysis,and confirm the operation began,after the collection cost and the establishment of resource library,division of work The center and the establishment of operating cost base,resource allocation of resources to the library cause cost base,determine the drivers will cost base cost allocated to the cost object of accounting process of confirmation,finally calculate the product cost according to the product cost equation;four is proposed for application of industry cost accounting data fitting in product pricing and cost control,performance evaluation,new product development and related management field.Finally,aiming at the possible problems of implementing activity-based costing,it puts forward safeguard measures from strengthening accounting personnel training,absorbing and introducing compound talents,ensuring research and development input,and strengthening investigation and analysis.