Research On Cost Control Of YM Company

In the context of the national strategy of " dual cycles " and " carbon neutrality ",it is an important research question to study for traditional coal companies how to improve cost management,coordinate international and domestic business and achieve green production.YM company is a large-scale coal production public company in China,making outstanding contributions to the international coal business.This paper is a case study of the cost control of YM company.Exploring the composition and current control of the cost accounting of YM company,this paper finds the existing problems of its current cost control and analyzes the causes,and puts forward optimization goals and safeguard measures for its cost control to improve its cost control status and enhance operating performance.This paper first introduces YM company and then analyzes main business costs of the company through financial data.This paper divides YM company’s main costs into five parts,namely,development costs for the original mine,production costs in the production and operation process,safety costs throughout the entire process,and risk costs that overlaps with the aforementioned four costs.Based on the analysis of the aforementioned cost elements,the current status of the company’s cost accounting is introduced.Based on the perspective of organization,system,and process,this paper introduces the current cost control status of YM company,discovered the current cost control problems,and explores the causes of the problems accordingly.Then this paper discusses the optimization measures of YM company’s cost control and introduces the principles and objectives of cost control optimization.This paper introduces the optimization principles from three aspects and sets the cost control objectives based on the optimization principles.In order to achieve the cost control goals of YM company,this paper proposes a specific plan for cost control optimization and at the end discusses the cost control safeguards of YM company,including organizational personnel guarantee,system process guarantee and management system guarantee.