Cost Management Thomas Reuter Tax & Accounting †Free Samples

Question: Discuss about the Cost Management Thomas Reuter Tax Accounting. Answer: The information collected in the following writing deals with the essence of constructing a blog that is based on the journal article dealing with the subject of cost management. In addition to the above information, efforts have been made to review the journal article of Thomas Reuter Tax Accounting. Therefore, the information has been collected to take the overall information that has been provided and further discussed in the above-mentioned journal. The following information efforts to construct the blog structure for reviewing the International journal of strategic cost management. Blog However, there are different critiques analysed for attaining the techniques and evolving methods of Cost management. An organization mainly deals with two of the proposed concept in their daily job roles. These two concept can be further termed as the organization and its financial stability in the competitive market. A company that deals with activities that further efforts in the reduction of production costs for service and products always get more concerned from their target audiences across the globe The cost management within an organization deals with the management of different costs related issues that is practiced within an environment on their daily job roles. As indicated by Muhamad et al. (2016), the cost management efforts to examine the different methods and systems in order to control further enhance the activities of an organization. However, by consulting different case studies and journal articles it has been further analysed that the concept of cost management can be termed as a tool that evaluates the required databases or information. These confirmations are further necessary for improving the activity of making decisions at every possible levels of an organization (Store.tax.thomsonreuters.com, 2017). It is not necessary that every organization would face issues related to their financial department, however, every organization always be prepared in terms of their proper managed financial departments. Thus, the process of examining the management of costs for organization is also required analyse the proper growth of the concerned firm. From the above mentioned journal is based on cost management, thus, it is natural that the readers are expecting to get more information in relation to the concept of cost management. The readers further expect to gain more interest in terms of the techniques that can be applied for enhancing the performance level of an organization. Therefore, different practises formed by an organization in order to attain the quality result annually. However, as commented by Wilson (2016), blogs are written in order to gain the direct links of important factors as per the selected topic in case of Cost management, the readers are further provided with such information that can further enhance the skills within the readers. There are other different journal articles such as International Journal of Strategic Cost Management, that focus on the information relayed to the financial executives. As indicated by Ou et al. (2016), the financial executives comprised of CFOs, cost managers, controllers and such other that plays an import role within the finance department of an organization. The concerned journal further explores the aims and scope of the strategic cost management along its value chain. However, the concerned journal brushes the different factors related to the cost management of an organization or a company. As indicated by Adel, Davoudi Ramezanzadeh (2016), the efforts made for summarizing the overall collected information has been observed in the format of blog. In addition to the above discussion, the journal further explores other different factors such as the process management, target costing, total quality management and other such for studying the core subject of cost management for an organization (Uakron.edu, 2017). Moreover, the concerned journal article help the readers to get relevant information for different issues related to the cost management in present day scenario. The reader further avails different information related to the current issues through this single journal, which further opens as sub links to the specified sub heads. However, by summarizing what has been initially discussed in the above-mentioned journals, the accurate factors are mentioned from the journals for the readers in order to sense the ethnicity of the published journals dealing with the Cost Management. As indicated by Lindsay Dewberry (2016), the designs used for managing cost differ from one company to the other. Therefore, the role played by the cost manager has been suggested to be the most important one among the rest employees related to the concerned organization. The journal further shed lights upon the techniques that can be further applied in order to reduce the production costs for the services and products along with the increased values that are further delivered to the target market or customers. Therefore, the mentioned concept of cost management further comprised of the different sub topic that has been mentioned at the end of the journal. These sub heads involved the activity based on time and cost driven ABC; non-fin ancial performance; management and budgeting reports; modelling simulation; analytics; target costs and balanced scorecard; strategic planning, computing capabilities that are newly introduced and other such. As indicated by Essary et al. (2016), writing a blog in not an easy task, as the above is required to be structured with the exact information that has been provided in the original journal or an article but in a precise format. Therefore, the above summary of the journal dealt with the information rather the contents that are further collected in the mentioned Journal article of Cost Management. The efforts in this collected information have been made to analyse the contents provided in the mentioned journals. Therefore, the readers of the concerned blog must be able to identify the gist of the raised topic, it is then the successful format of the blog has been said to be followed properly. In addition to the above discussion, it can be further analysed critically, the original write of the journal did not made specification of the factors that would affect most for managing the costs within the concerned workforce of an organization, rather brushed up the elements that may affect t he phenomenon of cost management within the workforce. References Adel, M., Davoudi, M., Ramezanzadeh, A. (2016). A qualitative study of politeness strategies used by Iranian EFL learners in a class blog. Iranian Journal of Language Teaching Research, 4(1), 47-62. Essary, A. C., Coplan, B. H., Cawley, J. F., Schneller, E. S., Ohsfeldt, R. L. (2016). Women, family medicine, and career choice: An opportunity cost analysis. Journal of the American Academy of Physician Assistants, 29(9), 44-48. Lindsay, D., Dewberry, K. (2016). Employee Focus Comes with a Cost: Compliance Requirements for Employers Are Increasing as a Result of Expanding Federal Protections for Workers. Journal of Accountancy, 221(4), 52. Muhamad, N. H., Mohammad, M. F., Ahmad, A. C., Ibrahim, I. H. (2016). Delay Analysis Methodologies (DAMs) in Delivering Quality Projects: Contractors and Consultants Perceptions. Procedia-Social and Behavioral Sciences, 222, 121-131. Ou, T. Y., Cheng, C. Y., Chen, P. J., Perng, C. (2016). Dynamic cost forecasting model based on extreme learning machine-A case study in steel plant. Computers Industrial Engineering, 101, 544-553. Store.tax.thomsonreuters.com (2017) Retrieved From https://store.tax.thomsonreuters.com/accounting/Finance/Cost-Management/p/100238087 on May 22, 2017 Uakron.edu (2017) International Journal of Strategic Cost Management Retrieved From https://www.uakron.edu/cba/centers-and-institutes/igb/scm/ on May 19, 2017 Wilson, S. L. (2016). 'You Need to Be Fearless.'. Journal of Accountancy, 221(5), 92.