Introducing the cost calculation software
Management decisions require reliable and correct information bases, and the cost is one of the most important information. The cost price is a part of the comprehensive accounting information system, which collects, accumulates and provides information related to costs for use in management accounting and financial accounting systems.
Operational budgeting is a method of allocating resources in order to achieve goals, plans and evaluated results , so the three key elements of operational budgeting can be determining measurable goals and strategies in the organization, classifying and defining operational plans and activities. organization and determining the cost of the organization’s programs and activities. One of the new costing methods is activity-based costing, the introduction of which has led to the provision of an activity-based management system as well as activity-based budgeting.
Software features
- The possibility of calculating the total price in production, service and project-oriented activities
- The possibility of calculating the total price in stages, work orders, at the same time or combined
- Ability to calculate actual, standard, single and combined costs
- Ability to analyze the sensitivity of costs in different conditions
- The possibility of correct calculation with a maximum error of 2-5% of the total price using ABC and TDABC techniques
- Periodic calculation of deviations and investigation of their causes and impact on the total price of the product and efforts to reduce them
- The possibility of analysis and differential analysis of costs that can be outsourced
- Ability to calculate profit or loss for any service or product and reverse costing
- The possibility of calculating the unused capacity, separately from each of the production departments or different cost-generating units
- The possibility of making decisions for the company’s management to continue, start or stop the production of each product
- The possibility of identifying costs without added value for each of the organizational processes
- Cost calculation with a process-oriented approach and the possibility of calculating the cost of each of the organization’s processes as an activity
- The possibility of transfer pricing and the definition of each organizational unit as an sbu
- The possibility of identifying cost challenges in the organization to prevent blind movement in reducing or managing costs
- Creating the infrastructure and context for the implementation of a correct and efficient operational budgeting system
- Periodic calculation of deviations and investigation of their causes and impact on the total price of the product and efforts to reduce them
- The possibility of calculating the degree of achievement of actions defined in the organization’s strategic planning
- The possibility of using different inventory evaluation methods, including fifo, lifo or average, and comparing the results with each other
- The possibility of calculating the total price of a project with the possibility of applying WBS changes of a project during the execution of the project until the end of the project
The experience of working in various industries, including public and private, manufacturing, service, or project-oriented organizations, and the use of various scientific and operational models in each organization, has greatly increased the ability of the computer system to solve problems. So that solving complex problems and providing simple solutions has become a part of Hasib’s organizational culture .
