Tip 1: How to perform cost analysis
Tip 1: How to perform cost analysis
Expenditures are all payments that arecarries out the enterprise in the process of financial and economic activity. And as expenses, according to the current tax legislation, only economically justified and documented costs are recognized. In order to save costs, they are analyzed on the basis of planned estimates and accounting data.
You will need
- - the planned cost estimate of the enterprise for the analyzed period;
- - Actual accounting data on expenses for the same period.
Instructions
1
Compare the data of the planned budget and accountingaccounting for relevant items of expenditure. If necessary, pre-allocate and combine the actual expenses into groups if their names in the accounting do not correspond to the articles specified in the estimate.
2
Assess the implementation of the cost estimates ingeneral and individual articles. Identify, for which items there are deviations of actual costs from the estimated cost. Perform a compliance cost audit and determine the reasons for deviations from the estimated data.
3
Look at which article has the largestspecific weight in the cost estimate. If there are significant deviations from the planned data, sample the primary documents confirming the costs. Be sure to compare the actual data with the developed norms of expenditure.
4
If overruns are caused by changes in thetechnological process of production, consider expediency of re-confirmation of norms in order to change calculations under this expense item when drawing up estimates for the next period.
5
Analyze each expense item bywhich have deviations. Identify the factors that led to overexpenditure or savings and indicate which of them had the greatest impact on the deviation of the amount of expenditure from the planned data.
6
Write an explanatory note on theanalysis. Give an explanation of each deviation by object of expenditure. Determine the advisability of making changes in the planned cost estimate for the next period.
Tip 2: How to perform enterprise resource analysis
Analysis of the company's resources allows you to evaluate itinternal environment and determine its strengths and weaknesses. In the process of analysis it is necessary to assess the sales market, finance, production process and personnel work.
Instructions
1
Calculate how much production produceseach structural unit and the whole enterprise. Calculate the performance indicators of the firm and its departments. Identify the strongest and weakest area and evaluate the performance of their leaders.
2
Analyze the composition of the assets of the enterprise. Evaluate the work of financial service employees, following what decisions are made to manage the company's cash and how effective they are.
3
Evaluate the activities of the marketing department, whichshould be aimed at positioning goods or services in the market. To do this, you need to analyze the trend in the company's sales volume, the effectiveness of the developed marketing plan. Compare the selling price of the firm's products with the prices of similar products from competitors.
4
Calculate economic efficiencyproduction of the enterprise's products and use of equipment. Estimate the degree of depreciation of fixed assets. Compile and analyze the structure of production costs, which must comply with the approved standards of material costs.
5
Determine the productivity of labor and evaluatequalification of production personnel, analyze how quality control is carried out, control over the use of material resources and their storage, production planning, and how the execution of the production plan is controlled.
6
Evaluate the human resources in the enterprise. To do this, it is necessary to draw conclusions about each employee of the firm and assess the duties, qualifications, skills, competence in his work, morals, relations at work, the level of complexity of the work he is doing, and the mastering of other specialties.
7
Draw conclusions about the strengths and weaknesses of the company's internal environment. Use the data of this analysis to develop a strategy for further development of the company.
