IDEAS home Printed from https://ideas.repec.org/a/ssi/jouesi/v7y2019i2p1450-1461.html
   My bibliography  Save this article

Calculation methods for cost management in the construction industry

Author

Listed:
  • Nazym Bozgulova

    (Narxoz University, Kazakhstan)

  • Rimma Parmanova

    (Kazakh Academy of Labor and Social Relations, Kazakhstan)

  • Maira Abenova

    (Kazakh Academy of Labor and Social Relations, Kazakhstan)

  • Tatyana Ivanyuk

    (Turan University, Kazakhstan)

  • Vassiliy Aryshev

    (Turan University, Kazakhstan)

Abstract

Information on costs in the system of information on the activities of construction organizations plays a significant role in making managerial decisions, since the main indicators characterizing the activities of the organization are the volume of costs and the cost of production calculated on the basis of data on costs. The relevance of this article lies in the fact that the technology of construction production has a number of specific features that affect the organization of analytical and synthetic accounting of business entities. High competition, the search for reserves to reduce the cost of construction products and increase profitability require information on the real level of costs, rationality of use various resources. In the management system of a construction enterprise, an important place should be given to management of construction costs.The article also considers analytical tools and recommends a combined system for calculating the cost of construction products in the organization of management accounting, ensuring the adoption of effective management decisions of the construction company. When writing the article, general scientific methods of cognition (statistical, normative analysis, synthesis, analogy, generalization), empirical-theoretical (collecting, studying and comparing data), as well as methods of scientific cognition (historical and legal, systemic) were used. When processing and systematizing data, grouping and classification methods were used. The information-statistical base of the study was made up of data from official periodicals and information-analytical publications of the Republic of Kazakhstan.

Suggested Citation

  • Nazym Bozgulova & Rimma Parmanova & Maira Abenova & Tatyana Ivanyuk & Vassiliy Aryshev, 2019. "Calculation methods for cost management in the construction industry," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 7(2), pages 1450-1461, December.
    • Handle: RePEc:ssi:jouesi:v:7:y:2019:i:2:p:1450-1461
    DOI: 10.9770/jesi.2019.7.2(46)
    as

    Download full text from publisher

    File URL: https://jssidoi.org/jesi/uploads/articles/26/Bozgulova_Calculation_methods_for_cost_management_in_the_construction_industry.pdf
    Download Restriction: no
    File URL: https://jssidoi.org/jesi/article/449
    Download Restriction: no
    File URL: https://libkey.io/10.9770/jesi.2019.7.2(46)?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Prokop, Jacek & Karbowski, Adam, 2018. "R&D spillovers and cartelization of industries with differentiated products," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 11(3), pages 44-56.
    2. repec:ssi:jouesi:v:1:y:2019:i:1:p:48-57 is not listed on IDEAS
    3. Jane Davison, 2015. "Visualising accounting: an interdisciplinary review and synthesis," Accounting and Business Research, Taylor & Francis Journals, vol. 45(2), pages 121-165, February.
    4. Sergejs Hilkevics & Valentina Semakina, 2019. "The classification and comparison of business ratios analysis methods," Post-Print hal-02115236, HAL.
    5. Sergejs Hilkevics & Valentina Semakina, 2019. "The classification and comparison of business ratios analysis methods," Insights into Regional Development, VsI Entrepreneurship and Sustainability Center, vol. 1(1), pages 48-57, March.
    6. Egorova, Yana, 2017. "Инвестирование Денежных Средств В Условиях Экономического Кризиса В 2017 Году," MPRA Paper 77648, University Library of Munich, Germany.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Quoc Vu, Thong & Phu Pham, Cuong & Anh Nguyen, Thu & Thanh Nguyen, Phong & Thanh Phan, Phuong & Le Hoang Thuy To Nguyen, Quyen, 2020. "Factors Influencing Cost Overruns in Construction Projects of International Contractors in Vietnam," MPRA Paper 103435, University Library of Munich, Germany, revised 28 Jul 2020.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Natalya Pavlovna Vinogradova & Alexander Nikolaevich Popov, 2019. "Methodological basis of economic decision-making," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 6(4), pages 1798-1806, June.
    2. Anis Ali, 2020. "Financial performance, disparity, and trend of petrochemicals sector of Saudi Arabia," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 8(1), pages 809-824, September.
    3. Natalia A. Prodanova & Natalia V. Savina & Vadim A. Dikikh & Yulianna I. Enina & Olga Yurievna Voronkova & Vladimir V. Nosov & Vladimir V. Nosov, 2020. "Features of the coherent presentation of information in order to prepare integrated corporate reporting," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 7(3), pages 2227-2281, March.
    4. Aksana A. Turgaeva & Liudmila V. Kashirskaya & Yulia A. Zurnadzhyants & Olga A. Latysheva & Irina V. Pustokhina & Andrei V. Sevbitov, 2020. "Assessment of the financial security of insurance companies in the organization of internal control," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 7(3), pages 2243-2254, March.
    5. Olga Lingaitienė & Juozas Merkevičius & Vida Davidavičienė, 2021. "The Model of Vehicle and Route Selection for Energy Saving," Sustainability, MDPI, vol. 13(8), pages 1-20, April.
    6. Aleksandr M. Batkovskiy & Aleksandr V. Leonov & Aleksey Yu. Pronin & Elena G. Semenova & Alena V. Fomina & Viktor M. Balashov, 2019. "Sustainable development of Industry 4.0: the case of high-tech products system design," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 6(4), pages 1823-1838, June.
    7. Katarína Havierniková & Marcel Kordoš, 2019. "Selected risks perceived by SMEs related to sustainable entrepreneurship in case of engagement into cluster cooperation," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 6(4), pages 1680-1693, June.
    8. Jolanta Sabaitytė & Vida Davidavičienė & Gerard Frederick Van Kleef, 2020. "The Peculiarities of Low-Cost Carrier Development in Europe," Energies, MDPI, vol. 13(3), pages 1-19, February.
    9. Liudmila V. Kashirskaya & Alexey A. Sitnov & Dilmurod Аsh. Davlatzoda & Tatiana M. Vorozheykina, 2020. "Knowledge audit as a key tool for business research in the information society," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 7(3), pages 2299-2319, March.
    10. Natalia A. Prodanova & Natalia V. Savina & Zhanna Kevorkova & Lyudmila N. Korshunova & Nadezhda Bochkareva, 2019. "Organizational and methodological support of corporate self-assessment procedure as a basis for sustainable business development," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 7(2), pages 1136-1148, December.
    11. Daiva Tamulevičienė & Armenia Androniceanu & Armenia Androniceanu, 2020. "Selection of the indicators to measure an enterprise’s value and its changes in the controlling system for medium-sized enterprises," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 7(3), pages 1440-1458, March.
    12. Vasilii Erokhin & Dmitry Endovitsky & Alexey Bobryshev & Natalia Kulagina & Anna Ivolga, 2019. "Management Accounting Change as a Sustainable Economic Development Strategy during Pre-Recession and Recession Periods: Evidence from Russia," Sustainability, MDPI, vol. 11(11), pages 1-23, June.
    13. Galina S. TIMOKHINA, 2019. "Behaviour of high-income consumers: Results of research of the private banking services market in Russia," Upravlenets, Ural State University of Economics, vol. 10(4), pages 85-97, September.
    14. Jin-Yu Zhang & Wen-Bo Wu & Yong Li & Zhu-Sheng Lou, 2021. "Pricing Exotic Option Under Jump-Diffusion Models by the Quadrature Method," Computational Economics, Springer;Society for Computational Economics, vol. 58(3), pages 867-884, October.
    15. Louis Bhim & Reiichiro Kawai, 2018. "Smooth Upper Bounds For The Price Function Of American Style Options," International Journal of Theoretical and Applied Finance (IJTAF), World Scientific Publishing Co. Pte. Ltd., vol. 21(01), pages 1-38, February.
    16. Stephan Barisitz & Alice Radzyner, 2017. "The New Silk Road, part I: a stocktaking and economic assessment," Focus on European Economic Integration, Oesterreichische Nationalbank (Austrian Central Bank), issue Q3/17, pages 8-30.
    17. Larysa Cherchyk & Mykola Shershun & Nina Khumarova & Taras Mykytyn & Artur Cherchyk, 2019. "Assessment of forest enterprises' performance: integrating economic security and ecological impact," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 6(4), pages 1784-1797, June.
    18. Luma Al-Qudah & Barbara Piontek & Judit Olah, 2021. "Economic Growth and Foreign Direct Investment in the Context of Financial Development: Evidence from Jordan," European Research Studies Journal, European Research Studies Journal, vol. 0(2B), pages 762-782.
    19. Havemo, Emelie, 2018. "A visual perspective on value creation: Exploring patterns in business model diagrams," European Management Journal, Elsevier, vol. 36(4), pages 441-452.
    20. Corrigan, Lawrence T., 2018. "Budget making: The theatrical presentation of accounting discourse," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 55(C), pages 12-32.

    More about this item

    Keywords

    cost; costing; cost management; construction industry; management accounting; cost accounting method;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ssi:jouesi:v:7:y:2019:i:2:p:1450-1461. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Manuela Tvaronaviciene (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.