Adaptation of Life Cycle Costing Practices to Financial Performance Analysis in Transitional Economies: The Experience of Russian Manufacturing Firms
- Published: 09 May 2024
Cite this article
- Vasilii Erokhin ORCID: orcid.org/0000-0002-3745-5469 1 ,
- Alexey Bobryshev ORCID: orcid.org/0000-0001-5039-507X 2 ,
- Inna Manzhosova ORCID: orcid.org/0000-0002-0342-2511 2 ,
- Alexandr Frolov ORCID: orcid.org/0000-0003-3535-2957 2 ,
- Svetlana Shamrina ORCID: orcid.org/0000-0001-9986-2011 2 &
- Nelly Agafonova ORCID: orcid.org/0000-0001-7729-624X 2
In today’s business environments driven increasingly by knowledge, the efficient use of resources largely depends on how well entrepreneurs apply innovations in managing them. Among the knowledge-based sources for increasing performance are accounting-related practices of cost management. However, there is a lack of models for constructing accounting records based on the stages of the product’s life cycle cost (LCC), methods for calculating the total cost of the LCC in relation to specific industries, and methods for identifying the stages of the LCC. Although many studies have focused on adapting to the LCC system strategically and studying its effectiveness and cost structure at different stages of the life cycle, few have considered the methodological aspects of establishing a costing system. This paper presents a comparative analysis of the most commonly used accounting and calculation methods used in manufacturing companies in Russia. The study is based on questionnaires collected in a survey of seven companies specializing in the manufacture of boilers for centralized and autonomous heating systems. In addition to interviewing experts, accounting documents were also analyzed. For the manufacturing sector, the authors proposed an accounting model based on the stages of a product’s life cycle. They also developed methods for calculating and identifying costs by stage of the product’s life cycle. These approaches could be useful for accounting and analytical staff when setting up knowledge-based accounting systems for analyzing business information, particularly for creating recordkeeping systems for LCC calculations. Additionally, these approaches could enhance the knowledge support systems for making managerial decisions.
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Erokhin, V., Bobryshev, A., Manzhosova, I. et al. Adaptation of Life Cycle Costing Practices to Financial Performance Analysis in Transitional Economies: The Experience of Russian Manufacturing Firms. J Knowl Econ (2024). https://doi.org/10.1007/s13132-024-02051-3
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To build the sample of studies grounding the analysis, we have set the following selection criteria: (a) research topic (content of studies makes reference to financial performance and its determinants); (b) quality of reference sources (articles published in ISI-indexed journals and ISI-abstracted articles, with or without an impact factor); and (c) year of publication.
AA meta-analysis of results from 320 published studies relates environmental, strategic and. organizational factors to financial performance. Some factors (e.g., concentration and growth) have been studied widely and have a relatively consistent positive impact on performance. Other widely-studied factors (e.g., size) have few consistent effects.
Overall, the literature review highlights the complex and multifaceted nature of financial performance and the many factors that can impact a firm's success. By understanding these factors and their interrelationships, firms can make better-informed decisions and take steps to improve their financial performance over time. II.
contractors (Dufer a, 2010). Good financial performance rewards the shareholders for their investment (Ongore & Gemechu, 2013). A firm' s financial performance measured by how better off the shareholder is at the end of a period, than he was at the beginningand this can be determined using ratios derived from financial statements; mainly th, e
Corporate financial performance is an overview of the company's financial status report over a period of time to figure out how successful and profitable a company is in producing revenue. These indicators include sales growth, profitability (reflected by ratios such as return on investment, return on sales and return on equity), share price, earnings per share, and so forth. The world economy ...
2. LITERATURE REVIEW The potential of financial analysis in assessing the financial health of the firm and its performance has attracted considerable attention in recent literature (e.g. Kotane & Kuzmina-Merlino, 2012; Beaver et al., 2010; Kovárík & Klímek, 2012; Brendea, 2014; Lee, 2014; Kubenka, 2016). However, the linguistic
Financial Performance Analysis - Literature Review - Free download as Word Doc (.doc / .docx), PDF File (.pdf), Text File (.txt) or read online for free. financial performance analysis - literature review
Therefore, this literature review focuses on the financial performance and its underpinnings and takes a transition process perspective, following the transition phases suggested by Bocken et al. (2019) -i.e., ideate and design, implement and test, and evaluate and improve.
FINANCIAL PERFORMANCE ANALYSIS OF COMMERCIAL BANKS ... REVIEW OF LITERATURE 16-30 2.1 Theoritical Review 16 ... 2.1.5 Types of ratio analysis 21 2.2 Review of Books 26 2.3 Review of journal and articles 27 2.4 Review of thesis 28 . 2.5 Research GAP 30 ...
2 2.1 REVIEW OF LITERATURE 6 ... 3.2 Theoretical review of ratio analysis 8 3.3 Trend percentage analysis 10 3.4 Comparative Balance Sheet 11 3.5 Common size balance sheet 11 3.6 Research Methodology 12 ... • Financial performance analysis is a process involving specific techniques for evaluating risks, performance, financial health and ...
The literature on financial statement analysis attempts to improve fundamental analysis and to identify market inefficiencies with respect to financial statement information. In this paper, I review the extant research on financial statement analysis.
2) The result achieved during the period under review Financial performance analysis Financial performance analysis is the process of determining the operating and financial characteristics of a firm from accounting and financial statement s. The goal of such analysis is to determine the efficiency and performance of firm‟s
Average ROA of Nabil Bank Limited is 2.60 which is the highest and lower is. 0.93 in Machchapuchchre, Nabil and Everest Bank Limited is the less CV which means better ROA among sample commercial banks. Net Profit to Total Deposit Ratios is 0.00009, 0.000066, 0.0219, 0.1189 and 0.00157 respectively.
available for use as academic literature by other students and researchers on a global and local scale. Policymakers will have information to aid them in developing policies affecting the banking industry. Additionally, the general public will be educated about the numerous aspects that contribute to the analysis of banks' financial performance.
Spanish Literature and Culture. Art and Design: Friday, May 10, 2024 (8 p.m. ET), is the deadline for AP Art and Design students to submit their three portfolio components as final in the AP Digital Portfolio. ... AP Seminar and AP Research students to submit performance tasks as final and their presentations to be scored by their AP Seminar or ...
In today's business environments driven increasingly by knowledge, the efficient use of resources largely depends on how well entrepreneurs apply innovations in managing them. Among the knowledge-based sources for increasing performance are accounting-related practices of cost management. However, there is a lack of models for constructing accounting records based on the stages of the ...