РАЧУНОВОДСТВЕНИ АСПЕКТИ АНАЛИЗЕ ПРОДУКТИВНОСТИ И ЊЕНОГ УТИЦАЈА НА ПРОМЈЕНЕ У ПОСЛОВНОМ РЕЗУЛТАТУ
ACCOUNTING ASPECTS OF PRODUCTIVITY ANALYSIS AND ITS IMPACT ON CHANGES IN BUSSINESS RESULTS

Author(s): Predrag Gajić
Subject(s): Business Economy / Management, Accounting - Business Administration
Published by: Savez računovođa i revizora Republike Srpske
Keywords: productivity; productivity accounting; analysis of business results; efficiency of resource usage; competitive strategy;
Summary/Abstract: The basic economic challenge, to meet growing needs with a decreasing volume of resource consumption, is additionally emphasized by the need for socially responsible behavior, by respecting the needs of the community in which the company operates, the need to preserve the environment and to emphasize more strongly the importance of efficient usage of limited resources. This paper presents the abilities of accounting for identifying productivity indicators, comparing its values during comparable accounting periods, and identifying the causes of changes in the business result, in order to emphasize the importance of the impact of changes in productivity on business results and implementing the chosen competitive strategy. Systematization of causes of changes in business results implies the analysis of changes in the scope of activities (growth component), in the changes of relations of selling and purchasing prices (price recovery component), and in the changes in the productivity of the use of limited resources. A special emphasis is placed on the process of identifying changes in resource productivity, given that the influence of this factor is of strategic importance for the sustainable development and competitiveness of the company, but also that it is through this factor that a management contribution to operating results is visible. External factors affecting business results (such as an increase in purchase prices for inputs, the need to reduce sales prices due to increased competition or the need to omit commonly used inputs due to their unacceptability from the point of view of environmental impact) must be compensated in the only possible way: by increasing productivity. Recognition of the type and scope of the impact on changes in the business result will enable the informational basis to make appropriate planning and control decisions, such as those on: an appropriate competitive strategy, the choice of inputs and their combination, the choice of the product range, setting of sales prices for products and services, the choice of vendors, validity of strategies applied, the validity of established relationships in the supply chain and others. In such a way, the strategic importance of presented analysis was emphasized, since the recognition of company’s abilities in processes execution (in a sense of productivity) and in its own structural position (in a sense of price recovery) will enable determination to implement its own strategic decisions and measure their contribution to the improvement of operational results.

• Details
• Contents