S-1 AKUNTANSI_AKUNTANSI BIAYA Pertemuan 1 (Manajemen Produksi )

Summary

This lecture introduces cost accounting and production management, explaining how production management coordinates various activities to meet company goals, using capital, labor, and technology efficiently. Cost accounting determines product costs to set prices and manage internal controls, ensuring production aligns with budgets. The script compares financial accounting, focused on historical data for external reporting, with cost accounting, which is future-oriented and supports internal decision-making. The differences between both accounting types are explored, including focus, timeframe, scope, and the nature of information provided. The session concludes with motivation for students to stay dedicated to their studies and strive for success.

Takeaways

• 😀 Introduction to the course on cost accounting and production management.
• 😀 Production management is a branch of management focused on coordinating resources (capital, labor, raw materials, technology) to achieve company goals efficiently.
• 😀 The production process involves inputs (capital, labor, raw materials) processed with technology to generate outputs (goods or services).
• 😀 Key functions of production management include processing, supporting services, planning, and control/monitoring.
• 😀 Cost accounting helps determine product costs, track production expenses, and ensure alignment with planned budgets.
• 😀 Financial accounting and cost accounting serve different purposes: financial accounting reports data for external stakeholders, while cost accounting provides internal management with information for decision-making.
• 😀 Financial accounting focuses on past data, while cost accounting is future-oriented, guiding adjustments in production and resource management.
• 😀 Financial accounting reports are periodic (quarterly or yearly), whereas cost accounting can be more flexible, with reports created as needed (daily, weekly, monthly).
• 😀 Financial accounting provides an overall picture of company finances, while cost accounting offers detailed insights to improve internal decision-making in production.
• 😀 Financial accounting adheres to strict standards like PSAK (Indonesian Financial Accounting Standards), whereas cost accounting emphasizes future projections and estimations for decision-making.
• 😀 The lecturer encourages students to stay motivated in their studies and assures further detailed discussions on cost accounting and product cost calculations in future sessions.

Q & A

What is production management?

Production management is a part of management that coordinates various activities to achieve a company's objectives. It involves making decisions related to production processes, including the use of resources like capital, labor, raw materials, and technology to produce goods or services efficiently.

What are the factors involved in production?

The key factors in production include capital, raw materials, labor, and technology. These are combined to produce products or services efficiently and effectively to achieve the company's goals.

What is the role of technology in production management?

Technology plays a critical role in production management by enabling efficient and effective processes. It helps in the processing of raw materials, automation of tasks, and enhancement of product quality, contributing to the overall effectiveness of production.

What are the functions of production management?

The main functions of production management include processing (using techniques for processing inputs), supporting services (organizing resources for the process), planning (coordinating production activities), and controlling or supervising (monitoring the production process).

What is cost accounting?

Cost accounting is a branch of accounting that focuses on determining the costs of products or services. It involves tracking, monitoring, and controlling production expenses to ensure that they align with pre-set budgets and production goals.

What is the purpose of cost accounting in production?

The purpose of cost accounting is to track and control the expenses associated with production to ensure that they remain within planned limits. It helps businesses determine the cost of producing goods or services and aids in setting appropriate prices for products.

What is the difference between financial accounting and cost accounting?

Financial accounting focuses on creating financial statements for external stakeholders, reflecting past transactions. Cost accounting, on the other hand, focuses on internal decision-making, helping management monitor and control production costs and improve future production processes.

How does cost accounting assist management in controlling costs?

Cost accounting helps management by providing detailed information on production costs, enabling them to compare actual costs against the budgeted or planned costs. If discrepancies are found, corrective actions can be taken to adjust processes or reduce costs.

What is the difference between financial accounting and cost accounting in terms of time focus?

Financial accounting focuses on past data, such as historical financial transactions, while cost accounting looks to the future, helping management plan and forecast future production costs and making adjustments as needed.

How are the information scope and reporting standards different in financial accounting and cost accounting?

Financial accounting involves comprehensive reporting for external stakeholders, such as financial statements and balance sheets, based on established standards like PSAK (Indonesian Financial Accounting Standards). In contrast, cost accounting focuses on internal decision-making and uses estimates or projections to guide management in making timely decisions about production processes.