Our Service >> Cost and managerial accounting services

Potential profit can be lost because companies do not know the correct cost of their products, clients, Product distribution channels.

Helping our manufacturing clients stay ahead of the curve is what we do best. Whether you are looking to control costs or expand geographically, we are ready to be part of the solution.

Good costing information makes management decisions easier. Do you know how much it costs to produce, promote, sell and distribute each of your product lines or services?

Our solutions are tailored to your specific environment to accurately model material, labor and overhead costs distribute of your product lines or services? And do you know which customers, products and services are profitable? Accurately answering questions about cost and profitability depends on having quality and timely information available. ASA Bureau’s cost based on key drivers such as yield productivity and capacity utilization.

Our solutions are easily updated to capture and reflect refinements in your methods and reduced / increased costs which enable you to stay on top of your costing and estimating process and become a more effective competitor.

Lean Accounting does not stand alone. It supports lean manufacturing, lean product, lean product design, loan logistics, and so forth. Lean Accounting is the servant of the operation. There is a prudent and orderly maturity path to the implementation of lean accounting. As you company matures with lean manufacturing (can other than lean processes) more and more of the benefits of Lean Accounting can be implemented and realized.

Most companies embarking on lean manufacturing soon find that their accounting. Processes and management methods are at odds with the lean changes they are making. The reason for this is that the traditional accounting and management methods were designed to support traditional manufacturing; they are based upon mass production thinking. Lean manufacturing breaks the rules of mass production, and so the traditional accounting and management methods are (at best) unsuitable and usually actively hostile to lean changes the company is making.

The methods and tools for cost control is part of the methods and tools of financial and accounting controls, But this does not mean that the cost control of all the methods and tools of financial and accounting controls are affected, but they are also influenced by the methods and tools of technical controls such as data, information and engineering standards. On the other hand, the methods and tools of financial and accounting controls that do not serve only cost control, but serve other types of controls, such as revenue control and control of the movement of liquidity.

ASA Bureau helps its clients to design processes and effective cost Centre hierarchies to gain insights into cost drivers to identify inefficiencies product costs to enable adequate analysis. As you position your business to capitalize on opportunities you can depend on our cost management solutions to ensure your decisions translate into profits to sustain and grow your business. ASA Bureau`s cost management solutions are designed to ensure you have the information you need to make confident, strategic decisions in the risky and highly competitive global market place.

The various activities of the organization change the form of input from the current situation, which is in the form of raw materials and resources into finished products or uncertain services (customers' products). Download and allocating indirect costs to the products and services rendered for the purposes of measurement and to take various administrative decisions of the pricing and the entry of new domestic and international markets under the full powers of monopoly competition.

The system of ABC is based on the philosophy that the activities consume resources and are therefore causing the cost and not products. The products are consumed activities and therefore attributed to different organization costs to specific activities and then carry these costs on products. The complexity of production and marketing, administrative and financial processes and increase the number of activities handled through the so-called filters cost, which aims to shorten the number of activities to homogeneous activities. That this system is very good and commensurate with the huge and large organizations, which have a numerous products. The success of the application of the system costs on the basis of activities will depend largely on the accuracy of determining the causes of cost or cost engines for each activity.

Target costing system is based on a product's design operations in order to reach early and the successive reduction of the cost and therefore this system is applied mainly to new products or through the development of existing products, and most products are developed through the following stages:

* Product planning stage.

* Concept Development and Feasibility Testing stage.

* Design Development stage.

* Production stage.

This can be done by:

* Establishment Phase.

* Attainment Phase.

Many companies are facing pressure from customers and competitors to keep prices low. Customers threaten to stop buying or sponsoring competitors if the company raises prices. These companies may also face rising costs, reducing their profit on each item sold. Develop different tactics in order to increase their profits. Some use a target costing strategy to increase its profits without affecting the price. These companies receive several benefits of using this approach.

Resource Consumption Accountancy (RCA) System. This system contributes to the achievement of the different concepts of real control, such as anti-censorship and subsequent control and also simultaneous control, And that all trace amounts of resources used and unused and identify idle capacity constraints and bottlenecks on an ongoing basis in order to achieve harmonization between the display of resources and the demand for them, which helps in the rationalization of the costs of resource consumption and increase productivity in the following periods through. Accounting system resource consumption is interested in measuring the extent of progress toward the goals of reducing the resources used or unused costs in order to activate the idle capacity producing facility and then rationalize the cost of energy used and increase productivity, which helps in the development of end-products revenues.

Insights into cost management and estimating: Many approaches exist generate meaningful management accounting information including traditional standard costing, activity – based costing, throughput accounting, resource costing, and lean accounting. Each approach has a group of staunch supporters claiming that their approach is the best.

The reality, however, is that no signal approach can corner the market. But each offers useful concepts. To provide you the quality data you need, At ASA Bureau our cost management consultants borrow from all available accounting concepts to tailor a reporting system that supports the specific needs of your organization.

Estimating the surface area of a room or the number of marbles in a jar is relatively easy and can be done quite accurately with simple rules of thumb. However, estimating the total costs of an offshore LNG platform or a high speed railroad is a little more complex. Luckily, there are numerous methods and techniques that can help you estimate those costs throughout the different phases of such projects.

Theory of Constraints is based on the style and approach to scientific thinking on a solution and solve the problems by improving operational processes and restrictive work to ensure the maximum possible flow of production and thus help the management of the enterprise in the development of its profitability. The theory of constraints based on two main components constitute the general framework of the theory in order to increase the facility's ability to rationalize the exploitation of their resources by using: On-going improvement - the thinking process (TP).

Cost management plays an important role in contributing to support the enterprise competitiveness strategy to confront customers' attitudes and behavior and trends of competitors and the behavior of suppliers, ambient environmental conditions. This Key trends  in  managing the cost represent  a strategic perspective  to  support  the enterprise strategic in the face of competition, represented in a group of styles such as Target costing system, and the method of cost measurement on the basis of activities, total quality control , and the style of the value chain and the method of analysis of the strategic position of the enterprise.

Cost Accounting plays an important role in providing a system that can identify and measure the products and activities of various departments costs in the business, and work on the control of  depleting cost elements and then calibrate the cost elements identified in advance and then compare the elements of the actual costs and the development of deviations between the standards and actualities and analyzed to identify the causes. Provide the necessary information to make management decisions relating to all the business because of their physical effects such as pricing decision for a particular product, the decision to purchase a new asset or sufficiency hired and the decision to stop production or production loss for a certain period and so on.

We help you analyze marketing costs in all distribution areas and in all cases. Measuring the cost of marketing in each distribution area, to determine the cost of each commodity marketing within each region and compare it with the cost of the marketing unit of the same product in other regions of the distribution. Decision-making related to the areas of distribution and spending on them. Increase market share by opening new markets in new distribution areas. Determine the profitability of each distribution area, Approval of the appropriate sales policies for each distribution area and the organization as a whole, in some organizations, we see that it would be better to reduce the sale of a particular commodity at a specific distribution areas and a lot of selling the same item in other distribution areas. Sometimes the interests of the organization are to increase spending on advertising in more than elsewhere area and in certain periods and other such decisions.

Life-cycle cost analysis (LCCA) is a method for assessing the total cost of facility ownership. It takes into account all costs of acquiring, owning, and disposing of a building or building system. LCCA is especially useful when project alternatives that fulfill the same performance requirements, but differ with respect to initial costs and operating costs, have to be compared in order to select the one that maximizes net savings. For example, LCCA will help determine whether the incorporation of a high-performance HVAC or glazing system, which may increase initial cost but result in dramatically reduced operating and maintenance costs, is cost-effective or not. LCCA is not useful for budget allocation. Lowest life-cycle cost (LCC) is the most straightforward and easy-to-interpret measure of economic evaluation. Some other commonly used measures are Net Savings (or Net Benefits), Savings-to-Investment Ratio (or Savings Benefit-to-Cost Ratio), Internal Rate of Return, and Payback Period. They are consistent with the Lowest LCC measure of evaluation if they use the same parameters and length of study period.

Our Cost and Managerial Accounting Services Include:

* Budget Development.

* Cost Budgeting.

* Cost Planning.

* Resource planning.

* Cost Estimating  / Milestone Estimates.

* Cost Control.

* Life-Cycle Cost Analysis (LCCA).

* Value Management.

* Economic Forecasting / Market Reports.

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