Employing Time-Driven resource consumption accounting techniques and value stream costs to reduce costs

Employing Time-Driven resource consumption accounting techniques and value stream costs to reduce costs

An Applied Study

Dissertation Submitted to the Board of the College of Management & Economics – Karbala University, as Partial Fulfillment of Requirements for the Degree of PhD Philosophy in Accounting

Presented By:

AHMED NAJAH HADIAl-safi

Supervised by: Prof. Dr. MAJEED ABDEL HUSSEIN HATIF

Abstract

The research aims to employ strategic cost management techniques in the Iraqi economic units and support them for the purposes of reducing production costs, through accurate measurement of costs and achieving the highest effective control over resources and efficient exploitation of resources, and through the application of time-driven resource consumption accounting (TDRCA) Technique and costing Technique Value Stream (VSC), according to an integrated framework between the two technologies to reduce costs and apply them in the Iraqi General Cement Company / Southern Associates / Kufa Cement Factory, considering the two technologies as one of the latest strategic techniques in the field of cost accounting and management accounting, starting the period of these two technologies together would lead to Reducing costs on the one hand and achieving efficient utilization of resources and achieving control over them on the other hand In order to achieve the aim of the research, the researcher studied the case of the factory, the research sample, based on the data that was available to him and through the data that the researcher was able to obtain from the factory, and through personal interviews and field visits to the factory, for the purpose of applying the two techniques of accounting for time-oriented resource consumption and value flow costs according to An integrated framework at the beginning of the period, and a number of conclusions were reached, the most important of which are: Employing the techniques of accounting for resource consumption and value flow costs contributes to reducing costs by optimizing the use of resources and achieving control over them, in addition to providing information that is characterized by accuracy and comprehensiveness about the available resources or how to exploit them and benefit from it In light of these conclusions, a set of recommendations were presented, the most important of which are: Employing the laboratory for time-oriented resource consumption accounting technology and value flow costs, as it combines the advantages of (TDABC) Technique, (GPK Technique, and the advantages of value cost Technique, so the economic unit must provide the necessary information To make long and short term decisions, i.e. making strategic decisions to support the competitive advantage, as well as the ability of these technologies to identify easier costs and distribute them in a less complex manner according to the value flow perspective and reduce losses, waste and waste of effort and time, thus achieving better cost control, which contributes to cost rationalization and allows Greater ability to achieve competitive advantage.

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Employing Time-Driven resource consumption accounting techniques and value stream costs to reduce costs

An Applied Study

Dissertation Submitted to the Board of the College of Management & Economics – Karbala University, as Partial Fulfillment of Requirements for the Degree of PhD Philosophy in Accounting

Presented By:

AHMED NAJAH HADIAl-safi

Supervised by: Prof. Dr. MAJEED ABDEL HUSSEIN HATIF

Abstract

The research aims to employ strategic cost management techniques in the Iraqi economic units and support them for the purposes of reducing production costs, through accurate measurement of costs and achieving the highest effective control over resources and efficient exploitation of resources, and through the application of time-driven resource consumption accounting (TDRCA) Technique and costing Technique Value Stream (VSC), according to an integrated framework between the two technologies to reduce costs and apply them in the Iraqi General Cement Company / Southern Associates / Kufa Cement Factory, considering the two technologies as one of the latest strategic techniques in the field of cost accounting and management accounting, starting the period of these two technologies together would lead to Reducing costs on the one hand and achieving efficient utilization of resources and achieving control over them on the other hand In order to achieve the aim of the research, the researcher studied the case of the factory, the research sample, based on the data that was available to him and through the data that the researcher was able to obtain from the factory, and through personal interviews and field visits to the factory, for the purpose of applying the two techniques of accounting for time-oriented resource consumption and value flow costs according to An integrated framework at the beginning of the period, and a number of conclusions were reached, the most important of which are: Employing the techniques of accounting for resource consumption and value flow costs contributes to reducing costs by optimizing the use of resources and achieving control over them, in addition to providing information that is characterized by accuracy and comprehensiveness about the available resources or how to exploit them and benefit from it In light of these conclusions, a set of recommendations were presented, the most important of which are: Employing the laboratory for time-oriented resource consumption accounting technology and value flow costs, as it combines the advantages of (TDABC) Technique, (GPK Technique, and the advantages of value cost Technique, so the economic unit must provide the necessary information To make long and short term decisions, i.e. making strategic decisions to support the competitive advantage, as well as the ability of these technologies to identify easier costs and distribute them in a less complex manner according to the value flow perspective and reduce losses, waste and waste of effort and time, thus achieving better cost control, which contributes to cost rationalization and allows Greater ability to achieve competitive advantage.