Management Accounting and Cost Control in Project Management
( Pp. 99-103)
More about authors
Ordynskaya Marina E.
Cand. Sci. (Econ.), Associate Professor; Associate Professor of the Department of Accounting and Finance
Adyghe State University
Russian Federation Silina Tatiana A. Cand. Sci. (Econ.), Associate Professor; Associate Professor of the Department of Accounting and Finance
Adyghe State University
Russian Federation Tausova Irina F. Cand. Sci. (Econ.), Associate Professor; Associate Professor of the Department of Accounting and Finance
Adyghe State University
Russian Federation Bagova Saida A. Cand. Sci. (Econ.), Associate Professor; Associate Professor of the Department of Accounting and Finance
Adyghe State University
Russian Federation
Adyghe State University
Russian Federation Silina Tatiana A. Cand. Sci. (Econ.), Associate Professor; Associate Professor of the Department of Accounting and Finance
Adyghe State University
Russian Federation Tausova Irina F. Cand. Sci. (Econ.), Associate Professor; Associate Professor of the Department of Accounting and Finance
Adyghe State University
Russian Federation Bagova Saida A. Cand. Sci. (Econ.), Associate Professor; Associate Professor of the Department of Accounting and Finance
Adyghe State University
Russian Federation
Abstract:
The relevance of the study. In modern conditions, information support of the management process has become especially important, which consists in obtaining and processing information necessary for making informed management decisions. Today, one of the main functions of accounting services is the information support of projects implemented at the enterprise. The purpose of the article is to consider how proper cost planning and control can contribute to the effective implementation of the planned project. The results of the study. The article describes the specifics of project management, in particular, managing its cost from the moment of planning, by developing a project budget together with estimated project costs until its implementation and completion, associated with the calculation of the planned project budget. The areas that require attention before starting the project are indicated. In addition, it is shown how proper planning and effective control at each stage of the project implementation support the process of project cost management and ensure effective project management. The most popular methods of accounting for project costs are presented to obtain information about the success or failure of the project. Conclusions of the study. Due to reliable planning and constant control of project costs, there is a high probability of success in the implementation of a specific project. A key factor in the implementation of any project is a properly structured project budget, which must subsequently be implemented consistently and in compliance with cost discipline.
How to Cite:
Ordynskaya M.E., Silina T.A., Tausova I.F., Bagova S.A., (2022), MANAGEMENT ACCOUNTING AND COST CONTROL IN PROJECT MANAGEMENT. Economic Problems and Legal Practice, 3 => 99-103.
Reference list:
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Heldman K. Professional project management. -Moscow: Knowledge Laboratory, 2016. -760 p.
Chernopyatov A.M. Cost management: a textbook. 2nd ed., ster. -Moscow: Direct-Media, 2018. -235 p.
Shoydin Yu. Control points of view in project management. Application and design. -Moscow: Accounting and banks, 2018. -119 p.
Beketov N.V. Budget planning and budgeting in enterprises. Economic Analysis: Theory and Practice, 2008, 5: 14-17.
Vakhrushina M.A., Sidorova M.I., Borisova L.I. Strategic management accounting. -Moscow: Reed Group, 2011. -192 p.
Gerasimov B.N. Designing a sub-process of cost management of an organization. Economics and Business: Theory and Practice, 2021, 11-2(81): 47-54.
Gray C.F., Larson E.W. Project Management: A Practical Guide / Translated from English. -Moscow: Business and Service, 2008. -528 p.
Dobrovolsky E., Karabanov B., Glukhov E., Breslav E. Budgeting: step by step. -St. Petersburg: Peter, 2005. -448 p.
Eliseeva O. V., Busheva A. Yu., Gudozhnikova E. V. Features of cost accounting from the position of management at the enterprise. Bulletin of the Russian University of Cooperation, 2022, 1(47): 39-44.
Ignatova L.N., Makarevich E.V. Conceptual aspects of the formation of a cost management system in an organization. Questions of the current economy, 2022, 1(50): 51-62.
Kravets E. O., Vertil N. N. Definition of the concepts «project management» and «project management». Bulletin of the Institute for Economic Research, 2021, 3(23): 105-110.
Mayer E. Controlling as a system of thinking and management. -Moscow: Finance and statistics, 2015. -117 p.
Naugolnova I.A. The concept of cost management process. Business. Education. Law, 2021, 4(57): 173-177. DOI 10.25683/VOLBI.2021.57.466.
Polkovnikov A.V., Dubovik M.F. Project management. Complete MBA course. -Moscow: Olymp-Business, 2013. -298 p.
Trofimov V.V. Project management: a tutorial. 2nd ed. corrects and additional. -St. Petersburg: Publishing House of St. Petersburg State University of Economics, 2019. -174 p.
Heldman K. Professional project management. -Moscow: Knowledge Laboratory, 2016. -760 p.
Chernopyatov A.M. Cost management: a textbook. 2nd ed., ster. -Moscow: Direct-Media, 2018. -235 p.
Shoydin Yu. Control points of view in project management. Application and design. -Moscow: Accounting and banks, 2018. -119 p.
Keywords:
project costs, cost accounting, project management, cost control, budgeting.
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