Study On The Application Of Resource Consumption Accounting In GD Oil Production Plant

Due to the impact of the COVID-19,International oil prices are at historically low levels,leading to an increase in uncertainty about future economic growth and the decline in overall oil company efficiency.How to further refine management to improve operational efficiency while reducing costs has become a major issue that oil companies need to address.Resource Consumption Accounting(RCA)is a new cost accounting method proposed by the American Management Accounting Association in 2002 as an improvement to the traditional Assignment Based Costing(ABC)method by applying the German marginal elasticity cost method(GPK).RCA constructs an advanced cost management system based on resource-based nodes from three aspects: accounting objects,quantitative indicators and cost nature,which can provide accurate and reliable accounting information for oil companies' cost management.Through an in-depth analysis of the current operating conditions,cost composition and cost accounting system of GD oil production plant,it is found that the main problems in the current cost accounting system of the enterprise are: the accuracy of oil and gas production cost information is insufficient,idle production factors are not reflected and controlled in a timely manner,and the level of oil production cost information is not rich enough.The RCA costing method,with its inherent advantages of refining the granularity of costing,revealing idle resources,and enriching cost information,can help GD plants effectively solve these problems.Using the RCA theory approach,a detailed design of the RCA costing system for the GD oil production plant can be carried out,which includes(1)identifying cost objects;(2)dividing job cost pools and resource pools;(3)setting up cost accounts;(4)designing costing procedures;(5)preparing RCA cost reports.The RCA cost accounting system involves the cooperation of many parties in the implementation process.In order to ensure the smooth implementation of RCA cost accounting system,GD Oil Production Plant should take adequate safeguard measures from three aspects: personnel,data collection and information system.In terms of personnel,set up a special RCA working group;In data collection,it is necessary to refine the classification of financial data according to RCA accounting needs,and pay full attention to the collection and collation of non-financial data;In the information system,the data of each module in ERP system should be fully integrated and utilized.Due to the stable operation process,high support from management,advanced information system and complete data,GD Oil Production Plant has laid the foundation for implementing RCA cost accounting system.Through the design of RCA cost accounting and management system of GD oil production plant,it can be found that RCA costing can scientifically reflect the resource consumption relationship within the enterprise,thus improving the accuracy of indirect cost allocation,fully revealing idle resources and providing multi-level and multi-dimensional cost information.On this basis,the efficiency of contract management,idle resource processing and utilization,and cost control of the enterprise can be improved.These provide a scientific and effective solution to the realistic problems encountered in cost accounting of GD oil production plants on the one hand,and on the other hand,it broadens the research on the application of RCA theory in China and provides new ideas for the design of cost accounting system in the same type of oil enterprises.