 INFORMATION ON THE COST AND MANAGERIAL DECISIONS IN THE COMPANIES IN THE BAKING INDUSTRYAnnals of University of Craiova - Economic Sciences Series, 2012, vol. 2, issue 40, 49-54 Abstract: Management accounting has evolved in recent decades from a supplier of financial information to a tool system used by the company management to make decisions both at strategic as well as at operational level, to relate with the external environment and to make economic forecasts. Companies in the baking industry operate nowadays on a competitive market in which prices are set by the market and cost control is one of the factors that can make sure that the proposed performance is reached. The information on costs influence the decisions made based on the cost-price, cost-profit, cost-economic efficiency relationships. In this context, management accounting should not be limited to a mere calculation, but allow decision makers within the company to act on costs wit the purpose of mastering them, in order to achieve the desired performance. The appropriate organization of the management accounting and of the cost calculation can be a valuable tool in the cost reduction strategy. Keywords: information; cost; calculation; bakery; management accounting (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:aio:aucsse:v:2:y:2012:i:40:p:49-54 Access Statistics for this article Annals of University of Craiova - Economic Sciences Series is currently edited by Sorinel Domnisoru More articles in Annals of University of Craiova - Economic Sciences Series from University of Craiova, Faculty of Economics and Business Administration Contact information at EDIRC. |
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