A new book is published by the Arab Journal of International Law, the following is a brief overview about it:
A collective monograph ‘The functional–cost analysis and turnover capital management’ is a unique manuscript, concretely emphasizing the role of functional–cost analysis in the turnover capital management.
The research is conducted on trends’ data of the real sector of the Russian economy over a long-term period.
The manuscript provides a complete and systematic interpretation of the category “capital” through the understanding of its formation characteristics.
The paper introduces the theoretical and methodological foundations of organization improvement and the conducting of the functional–cost analysis in contemporary conditions. The quantitative relation between production quality with the manufacturing cost as well as sales volume is particularly examined. The authors pay special attention to methodological foundations of the functional–cost analysis, which they have developed in order to demonstrate the application of the functional–cost analysis in the sphere of management of production companies within new economic activity conditions. The conception of the functional–cost analysis management is introduced, including its organizational structure, the financial mechanism and incentives for the application and development of its results within the process of transition to a market economy.
The book is recommended for production enterprise managers’ training, high-schools’ staff, economists, scientists, as well as post-graduate students.
