Research On The Application Of Activity Based Costing In The Cost Accounting Of Thermal Power Plant Construction Project Of Company A

In recent years,China has implemented the supply side structural reform,the capacity of the power market is saturated,and the number of new projects is decreasing.Power construction enterprises have to lower their prices and participate in the competition in the national market;On the other hand,due to the mature technology,the investment cost of the investor is becoming more and more clear,constantly strengthen the budget control of the construction unit,and further reduce the profit space of power construction enterprises;At the same time,the prices of raw materials,labor,equipment and other elements required in the construction process are increasing,and the construction project is likely to suffer losses.Therefore,it is very important for power construction enterprises to carry out scientific cost analysis and control.In this regard,this paper takes the SZ thermal power construction project of a company as the research object,analyzes the deficiencies in the current project accounting of a company’s thermal power plant from the perspective of cost accounting,and optimizes the cost accounting of a company’s sz thermal power construction project based on activity-based costing.It is intended to improve the cost management level of company a through research and provide strong support for the whole company to achieve good economic benefits.The main research process and conclusions of this paper are as follows:(1)After analyzing the current situation and existing problems of project cost accounting of company a,it is found that company a still adopts the traditional cost accounting method in the project construction cost accounting,and there are many deficiencies and problems,including the low accounting accuracy caused by the difficulty of project indirect cost accounting,the budget cost exceeding the expectation caused by inaccurate accounting,and the inaccurate allocation caused by the failure to accurately grasp the cost of divisional works.Based on this,the paper puts forward the necessity of introducing ABC,and analyzes and summarizes the feasibility and difficulties(2)The activity-based costing method is applied to the installation project of SZ thermal power construction project of company A,The installation project is divided into 7 subsystems and 17 operation centers.The activity-based cost database is established through the cost driver to scientifically and reasonably allocate the indirect costs to each operation center and subsystem,so as to obtain more accurate cost calculation results.Under the accounting mode of activity-based costing,the accounting results can show the cost consumption of each project,allocate the indirect cost of the project more reasonably,and achieve better project cost management effect.Therefore,it also confirms the applicability and superiority of ABC in this project.(3)The results of SZ thermal power construction project accounting are applied to the formulation of the installation project budget of Shaoxing BH thermal power plant construction project.The budgets of various system projects are formulated with the help of the classification of activity centers and the cost driver rate.The results also show that the budget under the guidance of activity-based costing is more reasonable.(4)In order to ensure the smooth implementation of ABC in the project,the implementation steps of ABC in company a are divided into preparation stage,trial operation stage,formal implementation stage and result application stage,and the key points of each step are clarified;Then it puts forward relevant safeguard measures,including improving the level of project information management,strengthening the training of professional talents,building an assessment and incentive mechanism system,and ensuring the capital investment for the implementation of activity-based costing.