Production Accounting: Complete Metallurgical Accounting Solution
Production Accounting: Complete Metallurgical Accounting Solution
PRODUCTION
ACCOUNTING
WHO USES PRODUCTION
ACCOUNTING:
Plant Metallurgists
Senior Metallurgist
Process Manager
PRODUCTION ACCOUNTING BROCHURE 2
PRODUCTION ACCOUNTING
Production Accounting is a metallurgical accounting solution designed for mining, mineral
processing, smelting and refining operations. The solution addresses key production
accounting challenges by providing the ability to integrate production data from various
sources such as assay data and moisture content from laboratory information management
systems as well as mass, flow, or density from process control systems.
It has been designed to provide a high level of flexibility to cater for diverse site and business
requirements, while enabling the organisation to utilise a single solution across its operations.
You can easily integrate data, validate the data , perform mass-balancing calculations, and
sign off on the results in an auditable fashion - eliminating the lack of control associated with
a multi-spreadsheet, multi-system environment, whilst enabling secure data sharing across
the organisation from a single, reputable source.
"I believe in reporting systems that are simple and not shrouded
in mystery. Production Accounting is an easy-to-use
metallurgical accounting system that, among other things, adds
auditing and calculation tracing ability to bring confidence to
production data and calculations."
PRODUCTION ACCOUNTING
KEY FUNCTIONALITIES KEY BENEFITS
Supports proactive risk management. Manages the validation of data from the mine
Enables timely and accurate recognition through the processing plants to sales and
of revenue. produces a consistent network of inventory
Enhances production performance and stream data. The result is a powerful tool
measurement. to support understanding and well-informed
Provides a key input for bonus scheme decision-making across the business.
calculation. All mass and assay data can be included in
Enables improved production planning the statistical balancing process which
and forecasting. produces self-consistent data and assists
Produces timely and relevant production with the identification or erroneous data. The
information to finalise the monthly use of redundant data also provides
financial reporting cycle. continuous validation, enabling
Increases accuracy in matching measurements problems to be detected
production costs to the various parts of sooner.
the production process. The automated balancing capability enables
Assists in the calculation of royalty results to be available soon after the assays
payments. are reported, providing rapid access to
validated information. The solution includes
diagnostic tools that enable the identification
of data problems.
Balances can also be run at any time and for
any defined time period, providing improved
visibility and flexibility.
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