DBPapers
DOI: 10.5593/SGEM2014/B13/S3.062

REFLECTIONS ON COST CALCULATION INTO THE MINING COMPANIES IN ROMANIA

M. Sorin, C. Diana, D. G. Gabriel, I. Mirela
Wednesday 1 October 2014 by Libadmin2014

References: 14th International Multidisciplinary Scientific GeoConference SGEM 2014, www.sgem.org, SGEM2014 Conference Proceedings, ISBN 978-619-7105-09-4 / ISSN 1314-2704, June 19-25, 2014,Book 1, Vol. 3, 473-480 pp

ABSTRACT
In the multitude of management information, the accounting information has a special place, being useful at least the following three reasons:

  • underlying planning future activities and enable notification of deviations from plan; -* underlying the adoption of the multitude of daily microdecisions;
  • allow choosing the best solutions to operational problems. However, the cost calculation and decision-oriented control has become one of the core components of the mechanism driving the company profitable. As an informational tool, the calculation "produces" and provides the information on the costs and profits, and as a management tool, it is a decisional technique that increases profitability. Unlike other industrial firms, the mining companies (and their subunits, mining) has a very specific of production processes, where certain features of how they are organized and tracked cost calculations. In these circumstances, this paper attempts to capture just those features are linked to the prediction and costs control.

Keywords: mining company, cost calculation, cost provision, cost control.