Separate accounting as an innovative tool in the analysis of financial condition (for example, LLP NII TDB KMG)

Abstract

This papers looks at the use of this tool of management accounting, as separate records, with the purpose of increase of efficiency of activity of LLP «Institute of mining technology and drilling KazMunayGas (LLP scientific research Institute TDB KMG). It is shown that for the implementation of separate accounting of enterprises, the complex database should contain the following components – accounting, tax reporting, financial reports, statistical reports, marketing reports and research, external sources of specific information. During the analysis it indicates that the main problems in planning the activities of LLP scientific research Institute TDB KMG are: the subsequent approval of the production program (the production program is apparently not before the beginning of the reporting period, and during the reporting year, and sometimes in the second half), the need to make constant adjustments; the late signing of orders for contracts (at the end of the work), the lack of clarity in the tariffs of projects; there is no clear distribution of work between structural units, employees. In this sense, first, the decision on the sufficient staffing of departments and reduction of existing jobs; second, created separate services for the chemization and protection of the environment, in which the state-production Department were withdrawn these professionals. This will significantly increase the productivity of environmentalists and chemists; third, specialists in economic analysis are removed from the structure of the production Department and the Department of Finance and accounting and transferred to the new Department-the Department of budget and economic analysis. These management decisions you could increase the final profit by more than 100 million tenge, and the cost of 1 person-hour can be reduced from 16 590 to 16 122 tenge/hour.