Semenova D. Expenditure management under forming and implementation of enterprise strategy

Object of research: processes of costs' formation management while implementation of focused low costs strategy. Purpose of research: development of costs management system and possibilities of its use at coal concentrating enterprises activity. Methods of research: method of scientific knowledge, deduction and induction, common to the whole science historical principle and method of terminology analysis, economic and mathe-matical modeling. Results: model of communicative links within costs budgeting process management at coal con-centration and general conceptual model of budgets struc-ture and development stages was developed; ability of monthly and cumulative summary from the beginning of the year of budgeting and control of particular types of costs and deviations revelation by reasons and responsibil-ity was proved; structure of estimates and costs report was improved accordingly to international standards; mecha-nism of standard costs development at coal concentrating process and model of costsmanagement procedures con-sequence based on the normative was proposed; devia-tions aggregation mechanism was developed, the mecha-nism laid in the basis of the proposed general scheme of costs management by deviations; information procedure of costs data acquisition was developed, standard require-ment to information and its qualitative characteristics were determined; created three level conceptual model of managerial costs information processing minimizes its repetitiveness and provides higher efficiency of costs management system; scientifically proved and experimen-tally confirmed ability of direct costing and segment costs management systems integration. Novelty: Author ap-proach to costs management strategy based on viable sys-tems, standard costs and direct costing; model of commu-nicative links at budgeting process management and model of budgets structure and development stages sig-nificantly decrease information asymmetry and provide coordination of activity of all participants of this process; models of standard costs development at coal concentrat-ing process and costs management procedures conse-quence based on normative and scheme of costs control by deviations when not past but future is defined; determined the requirements to managerial information, its qualitative characteristics and revealed correlation between formation of information about costs and stages of coal concentrat-ing. All these caused prove and development of the infor-mation procedure of data acquisition as to the costs for managerial decisions making and three level conceptual model of managerial information about costs processing; scientifically grounded and experimentally confirmed ability of direct costing system and segment cost man-agement integration, using the developed models and mechanisms as to costs budgeting, costs management based on normative and deviations, graphical and mathe-matical reflection of interconnection "costs-volume-profit"; proved that costs management systems and their components are interconnected,interdefined, in common managerial field and complicate communicative links and as a whole create holistic synergetic cost management system. Field of use: enterprises level.