Mohd Waliuddin, Mohd Razali and Suzila, Mohamed Yusof (2017) Integrated Financial Reporting and Cost Management System. In: The 10th UNIMAS Research & Development Exposition, 17-18 May 2017.
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Abstract
Most of accounting information system is focusing on the financial reportingsystem(e.g. Income Statement and Statement of Financial Position). However,the system is limited to specific stakeholders. Managers tend to reduce operatingexpenditure in order to improve net profit rather than cost efficiency. Manyorganizations are not using full potential of cost management due to lessretrieved cost information. Some of the organizations manually obtain theinformation which leads more time and more skilled worker to be hired. This proposed model enables accountants to record financial informationtogether with the cost driver (machine hours, unit output, etc.);and classification(fixed cost,variables, special). Eventually, it can convert to cost information suchas cost of technology infrastructure, activity tasks, project cost, vendor cost,employee cost information, etc. This will speed up the process to obtain costinformation for decision making by management.
| Item Type: | Proceeding (Paper) |
|---|---|
| Uncontrolled Keywords: | financial reporting, stakeholder, cost infomation, management. |
| Subjects: | H Social Sciences > H Social Sciences (General) |
| Divisions: | Academic Faculties, Institutes and Centres > Faculty of Economics and Business Faculties, Institutes, Centres > Faculty of Economics and Business |
| Depositing User: | Mohd Razali |
| Date Deposited: | 11 Sep 2023 07:48 |
| Last Modified: | 11 Sep 2023 07:48 |
| URI: | http://ir.unimas.my/id/eprint/42773 |
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