Application Of Resource Consumption Accounting In Coal Chemical Industry

With the rapid development of the global economy and the continuous improvement of the modern cost management methods, great changes have taken place in the iron and steel industry, coking industry operating environment. Lead to the traditional cost management method already could not satisfy the needs of the modern enterprise management. In the 1952 Dr Eric Kohler has put forward a new method of cost accounting, activity-based costing, activity-based cost method solve the problem which can’t solve only through accounting labor hours and machine hours to the correct allocation of manufacturing expense problem, but activity-based costing can not truly reflect the information of the products. Subsequently, with the promotion and application of the activity-based costing, people found its shortcomings are gradually exposed. In most cases, managers think the application of activity-based costing income is far below the application and maintenance of the cost. Another drawback of activity-based costing is in production capacity surplus situation, the decline in market demand, leading to production capacity surplus, fixed cost allocation, which leads to higher cost of the product, and lead to pricing increased, leading to a vicious cycle of falling market demand, this problem can’t solved by activity-based costing. So a new method of cost management comes-resource consumption accounting(RCA), which combines the activity-based costing of the United States(ABC) and Grenzplankostenrechnung of Germany(GPK), resource consumption accounting can effectively solve the drawbacks of traditional cost accounting and activity-based costing, reflect the cost of the enterprise veritably, provide the powerful safeguard for the enterprise decision. The introduction of resource consumption accounting can solve China’s coking industry backward cost management status, and it is the inevitable development trend of coal coking industry cost accounting.In this paper, combing the method of case analysis, I hope through the introduction of resource consumption accounting in coal coking industry can help the promotion and the implementation of resource consumption accounting in the industry. First of all, the paper introduces the advantages and disadvantages of activity-based costing and the resource consumption accounting, which leads to the resource consumption accounting, then introduce the characteristics of resource consumption accounting. Secondly, analyze the feasibility of resource consumption accounting application, to explore a suitable cost management method of coking enterprises. Finally, through the case of A coking enterprise, Compared the different calculation results with the traditional cost and RCA method, and draw the conclusion. The implementation of resource consumption accounting, enterprises can more accurately reflect the cost and improve the quality of accounting information, help managers to make decision and better cost allocation and control, improve the enterprise’s competitiveness.