Future development direction on cost & management accounting

      All things in the world continuously change, develop into advanced level, nevertheless which integrate with others, in addition that further differentiate into independent parties.  It reflects its conditional changes as unifying & diversification. For last period seems that on economics science, particularly accounting subject was developing throughout on basic of following integrated knowledge branches as econometrics, mathematical statistic & theory of probability, applied mathematics, financial engineering , accounting modeling etc. We analyze   that  in practice accounting staves often face on their every activity steps of cost calculation with many difficulties, also doubtful problems, in that case they custom to solve above-cited  undefined questions by using most roughly methods,  sometimes go to themselves intuition. In training & researching most people custom to use traditional textbooks & manuscripts published in millennium copies over the world and internet information courses, by the way in which demonstrated techniques of methodology which had been created more than 40-50 years ago. Indeed the trouble situation generates in connection with allocation of indirect expenses & their  budgeting. Difficulties face while allocate manufacturing overhead expenses or operation expenses (marketing & general administrative) between many cost centers which classify into fixed & variable expenses. Indeed not seems   rationally innovation & development on creating & usage of indirect cost allocation methods in International accounting standard & other ruling materials. Instead of traditional technological stepwise process costing method, preferable application of ABC “Activity based cost” gives rather favorable opportunity for detailed distribution of management & marketing costs, but however the analyzing method of variance in operation cost still remained as before without any effective researching innovations. Taking into accounting these troubles we have thoughtfully studied the used in practice methods of indirect cost allocation & defining its variance influences (underapplied & overapplied overhead cost) which found remarkable application in economics universities training of my mother country. I really believe in that the new ideas developed in some aspects of cost & management accounting with me  & my family members will be able to find interesting in overseas countries with pleasure. Our researching area covers very wide range of topics on business statistics, financing, banking, accounting, analyzing fields in their combined form associated with economical engineering as well as separately for each one. In addition to that we published in line of above mentioned topics outstanding, moreover extremely interesting textbooks in accounted volume of more than 200 printer’s sheets for economics university students & postgraduates since 2004. Our group of co-authors is intending to conduct stepwise professional training course for Mongolian financiers, accountants & other persons, which will open by late September, 2011, they will be worked as Chartered financial analysts & interested in possessing of their estimating & exploring methods. Also we are inviting Mongolian & foreign individuals as well as legal entities to collaborate in writing & publishing innovated textbooks for economics students & experienced staves who engaged in financial engineering – accounting modeling fields. This invitation also related to workers who interested in exchanging, discovering, developing, outsourcing, exporting of science papers, articles, complied researching final results, issues of modern textbooks in scope of above emphasized tentative thesis. New direction of accounting researching is significant necessary in this period when in my country have began the huge investment into mining  exploration industry & prospecting mineral recourses  as at Oyu Tolgoi  copper & gold manufacture, Tavan Tolgoi coal deposit and associated with these  development of infrastructure: railway, highway, power station, constructions, communication network, catering provision, education facilities etc. In connection with these factors rather than before raised the role of development in accurate cost calculation methods based in econometrics, financial engineering, multiple discriminant analysis (ANOVA, MANOVA), and applied mathematics etc.   Further we would like to deal with permanent discussion among our clients in line of mutual interested urgent problems via comfortably for them communication system, but we are awfully sorry that we could not suggest the full abstract of expected papers / presentations due to technical facilities and in compliance with the International Convention for Author’s Copyrights to which Mongolia is affiliated.  We will translate appropriate materials into English or Russian for foreigners, who wish to acquaint with papers, textbooks, written by our co-authors, suggested new ideas with us. If you would like to set up bilateral communication relationship, herein do not hesitate, we kindly ask to forward mail to us at once.  We are suggesting deal with open discuss in early of October over created with us new methodology to analyze & calculate effects of variances on factory overhead expenses, short abstract of these will be appeared through internet communications. Indeed in development history of accounting we primarily have discovered very unique & easy for pragmatically application methods in allocation, analyzing, forecasting & reporting of indirect (conversion) expenses by practicing as following: linear algebra, applications of definite integral calculus, stepwise elimination of variable factors, statistical index, drawing graphical illustration etc.