Integrated Financial Reporting and Cost Management System
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 efficien...
Saved in:
Main Authors: | , |
---|---|
Format: | Proceeding |
Language: | English |
Published: |
Unimas
2017
|
Subjects: | |
Online Access: | http://ir.unimas.my/id/eprint/42773/3/Integrated.pdf http://ir.unimas.my/id/eprint/42773/ |
Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
id |
my.unimas.ir.42773 |
---|---|
record_format |
eprints |
spelling |
my.unimas.ir.427732023-09-11T07:48:44Z http://ir.unimas.my/id/eprint/42773/ Integrated Financial Reporting and Cost Management System Mohd Waliuddin, Mohd Razali Suzila, Mohamed Yusof H Social Sciences (General) 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. Unimas 2017 Proceeding PeerReviewed text en http://ir.unimas.my/id/eprint/42773/3/Integrated.pdf 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. |
institution |
Universiti Malaysia Sarawak |
building |
Centre for Academic Information Services (CAIS) |
collection |
Institutional Repository |
continent |
Asia |
country |
Malaysia |
content_provider |
Universiti Malaysia Sarawak |
content_source |
UNIMAS Institutional Repository |
url_provider |
http://ir.unimas.my/ |
language |
English |
topic |
H Social Sciences (General) |
spellingShingle |
H Social Sciences (General) Mohd Waliuddin, Mohd Razali Suzila, Mohamed Yusof Integrated Financial Reporting and Cost Management System |
description |
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. |
format |
Proceeding |
author |
Mohd Waliuddin, Mohd Razali Suzila, Mohamed Yusof |
author_facet |
Mohd Waliuddin, Mohd Razali Suzila, Mohamed Yusof |
author_sort |
Mohd Waliuddin, Mohd Razali |
title |
Integrated Financial Reporting and Cost Management System |
title_short |
Integrated Financial Reporting and Cost Management System |
title_full |
Integrated Financial Reporting and Cost Management System |
title_fullStr |
Integrated Financial Reporting and Cost Management System |
title_full_unstemmed |
Integrated Financial Reporting and Cost Management System |
title_sort |
integrated financial reporting and cost management system |
publisher |
Unimas |
publishDate |
2017 |
url |
http://ir.unimas.my/id/eprint/42773/3/Integrated.pdf http://ir.unimas.my/id/eprint/42773/ |
_version_ |
1778166708535558144 |
score |
13.18916 |