What Is Cost Basis Reporting?
The cost report belongs to the internal management report of the enterprise, and it reflects the changes of the enterprise's production consumption, product cost structure and cost rise and fall. It is also an accounting report that evaluates the implementation of the cost plan. The object of cost report submission is enterprise employees, various management functional departments and enterprise leaders, and relevant departments that need cost report data.
Cost report
Right!
- Chinese name
- Cost report
- Object
- Enterprise employees, business leaders
- Make use
- Provide effective evidence for business decisions
- Businesses need to have
- Unit cost table of main products
- The cost report belongs to the internal management report of the enterprise, and it reflects the changes of the enterprise's production consumption, product cost structure and cost rise and fall. It is also an accounting report that evaluates the implementation of the cost plan. The object of cost report submission is enterprise employees, various management functional departments and enterprise leaders, and relevant departments that need cost report data.
- effect
- By understanding the cost report data, enterprises can increase production and save costs while ensuring product quality, and contribute to reducing product costs. Enterprise management functions can learn about the implementation of cost budgets, trends in cost changes and dynamics of cost reduction tasks, summarize experiences, reward advanced, and also link cost report data with other information for comprehensive analysis. Provide effective evidence for business decisions. Enterprise leaders and superior departments can use the cost report data to understand the current operating status and cost management of the enterprise and the development trend of the enterprise, and understand the implementation of the relevant national policies of the enterprise. The cost statement data can also provide an important basis for the company's leadership to prepare the next cost plan. The preparation of cost statements should be compatible with the production process and internal management requirements of the enterprise. Industrial enterprises, railway transportation, water transportation and other enterprises all have cost statements. Industrial enterprises mainly have the product cost table, the main product unit cost table, and the manufacturing cost breakdown table.