The Research On Financial Strategy Of Guangdong Golden Glass Technologies Limited

With the integration of the world economies, there comes the intense competition in businesses. Cost management as an integral part of competitiveness has reached to the strategic level. Much study has been conducted by researchers and practitioners in cost management field on how to ensure that the cost information is more accurate and more meaningful in support of decision making. With the development of world economy and technology, cost management has experienced three stages of development, which are Standard costing, Activity-Based Costing(ABC) and Time-Driven Activity-Based Costing(TDABC). With automotive parts manufacturing industry as background, taking Pangeo(Hunan) Industries Ltd. as the research object, this thesis analyzes the current cost management status and problems. Based on the analysis, a plan for implementing Time-Driven Activity-Based Costing is laid out in an ERP(Enterprise Resource Planning) environment.This thesis consists of four parts. The first part introduces the research background and significance, survives the domestic and overseas cost management theory and TDABC theory, and establishes the research objectives and approaches. The second part describes the ERP operation and cost management situation at Pangeo, with realization that the cost information in its cost management system not being in control, cost concept is irrelevant and has little value in support of decision making. The third part lays out a plan for TDABC costing implementation in ERP at Pangeo. The plan includes design principles and design processes. In the fourth part, the effective implementation of the model in ERP is ensured by employing project management methodology. Then a contrast is made between costs before and cost after implementation.Finally, the important implications of Time-Driven Activity-Based Costing in product decision making, cost quotation and budgeting are described. This thesis has then provided prospects of combination of Time-Driven Activity-Based Costing and lean management, supply chain management and benchmarking. The novelty of this thesis is in the use of project management approach to ensure effective implementation as well in the detailed design in ERP system with strong practical significance. The issues studied in this work are very common in automotive parts manufacturing businesses. It is hoped this study provide valuable reference for cost management of automotive part manufacturing businesses.