Controlling of Expenses in Crisis Financial ManagementJournal: Accounting and Finance (Vol.1, No. 66)
Publication Date: 2014-12-30
Authors : Dmytro Savchuk;
Page : 140-145
Keywords : controlling of costs; methods of cost planning and control; business processes; costs; reengineering;
The article is devoted to defining the role of controlling the costs in implementing of anti-crisis strategy in the enterprise, identifying opportunities to mobilize reserves to reduce costs using innovative methods of controlling the costs, including the method of planning and cost control for individual processes. We consider a range of issues concerning the application of methods and tools of controlling the costs in the framework of anti-crisis strategy in the enterprise. It is determined that the cause of the crisis in many enterprises are high costs resulting from poor management and allocation of indirect costs. Proved the ways of identifying the reserves to reduce costs, including through the use of the method of planning costs for individual processes (ABC method). Defined the stages of implementation of process-by-process method of controlling costs and the order of integration in crisis management. Formalized the model of cost management on the basis of ABC. Grounded the proposal for comprehensive use of ABC method and business process reengineering.
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