Use of SAP in the Implementation of the Activities-Based Costs - The Case of Steel Companies

Violeta Maria Isai and Caterina Nicoara-Oana
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Violeta Maria Isai: Dunarea de Jos University of Galati, Romania
Caterina Nicoara-Oana: Dunarea de Jos University of Galati, Romania

Economics and Applied Informatics, 2019, issue 3, 103-106

Abstract: The efforts of the companies’ managers are directed towards the calculation of the costs, because, if they can control the costs, the profits will appear. The possibility to act on the costs implies not only the intervention on the causes that have generated them, on the needs of the organization, but also on the expenses related to the production capacity. Cost information is essential, as managers cannot fulfil their responsibilities to the company, as long as they do not have enough information about the size and evolution of costs, as well as the implications they can have on the economic performance of the company. In this context, in order to meet the challenges of the global steel market and the changes in the economic environment, the steel companies have decided to implement the ABC method, for a pertinent vision on the full costs, using the managerial accounting module within SAP. This is a reliable and validated solution, which supports the development of the company.

Keywords: Cost centres; Internal orders; Production orders; Cost settlement (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:ddj:fseeai:y:2019:i:3:p:103-106

DOI: 10.35219/eai1584040961

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