COSTS, EXPENSES AND PAYMENTS-CONCEPTUAL APPROACHES

Arpad-Zoltan Fulop

Annals - Economy Series, 2016, vol. 6, 58-64

Abstract: In the literature there are many approaches regarding the notion of cost and expense. The approaches are varied and complex. Very often both expressions are used as synonyms, or in the definition of expenses and cost appear. It should be clarified what is the connection between the two. Which was born first, cost or expense? The cost is very clearly tied to the production of tangible and intangible assets and the default cost accounting (managerial accounting) and expense relates to incomes and hence of financial accounting. In my understanding the cost is preceding expense. It is imperative to clarify these issues both theoretically and practically. I decided to clarify these issues in this article, as it fallows.

Keywords: costs; expenses; financial accounting; managerial accounting (search for similar items in EconPapers)
Date: 2016
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.utgjiu.ro/revista/ec/pdf/2016-06/09_Fulop.pdf

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cbu:jrnlec:y:2016:v:6:p:58-64

Access Statistics for this article

More articles in Annals - Economy Series from Constantin Brancusi University, Faculty of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Ecobici Nicolae ( this e-mail address is bad, please contact ).