Control and cost management in reforms, rehabilitations and new construction

Abstract

The work focuses on an empirical methodology that aims to strengthen the contents studied in the subjects of Cost and Management Accounting in a real environment; where the actors change, the student arrives as an active observer and company managers provide information full of experience. Initially this contact was a real shock and thanks to the work of tutoring and the invaluable involvement of the company I have been ordering descriptions, contrasts and proposals In this sense, the most relevant aspect of the modus operandi of the company is the implementation of standards in acceptance of projects and works, the management of the company has been who initially helped me in the understanding of this procedure. At the beginning my main concern was obtain dates, excel sheets with numbers. Then I could have a large list of excel with numbers, but when the study was progressing I start to be more interested in the explanations and the answers. I would also like to point out that the company has given me its turnover and dates, but the company is reticent about to show the personal dates at the study. Noted that the company will improve its procedures, introducing significant changes in the management and control based on the control of direct labour per hour, both for the treatment of personnel costs and for the allocation of manufacturing overhead by applying the budgeted manufacturing overhead rate; in fact, in the next Rehabilitation they will begin to control working hours attributed to the activities. They also will redefine the indirect costs with the goal to reach the Full Cost, improving their cost identification and creating the basis for allocate at the different stages of distribution and allocation.