A Study On The Cost Management Of XJ Futongda Parking CO., LTD

XJ-Futongda Parking, Co. Ltd., Shenzhen, is one of XJ Group's 22 subcompanies, and holds a leading position in China's automatic parking managementindustry. Cost Management is an important way to serve an enterprise's directpurpose-increasing its profit. At present, XJ-Futongda's cost management mode isbased on out-of-date cost management theory and Planned Economy, and cannot keepthe pace of the Market Economy's demands for the large garage manufacturers. Torealize the purpose of surviving, developing and getting profit, a modern enterprisemust focus on Cost Management and carry out reform as soon as possible to improveits management efficiency. As a result, it is a practical topic to study the case of thecost management project in XJ-Futongda Parking, Co. Ltd., Shenzhen.This paper first analyzes the necessity of the study of XJ-Futongda Parking's costmanagement case from its financial situation, cost characteristics, and cost structure,to find the main problems existing in XJ-Futongda's cost management. Then the paperdiscusses the corporation's main principles and methods in its cost management andputs forward a whole plan for XJ-Futongda's cost management from the views ofimproving the cost forecasting process, enhancing cost budget management,just-in-time cost calculating management, cost analysis and information feedback, andseparate cost controlling. And at last, the paper puts forward a relevant series ofpractical measures for XJ-Futongda Parking's cost management.The paper holds that, the implement of XJ-Futongda Parking's cost managementprocess can be divided into three steps and sets up a performance evaluating systemfor it, in which Balanced Scoring Card is applied in evaluating XJ-Futongda Parking'scost management performance.