Involvement of Managerial Accounting in Ensuring The Comapny’s Competitiveness on The Market
Alina Ciuhureanu ()
Annals of the University of Petrosani, Economics, 2012, vol. 12, issue 2, 105-116
The problem of costs is that they are an extremely complex variable of the company’s management, because of its importance in the management of each business. All managers need accurate and timely information to carry out pricing, planning, operation activities and to take other type of decisions. Managerial accounting is considered as an indispensable system in the accounting activity of the organisation for decision making. Regardless of where they are, managers administrate their field of responsibility, start actions that will lead to effects only by means of resources consumption. But, in order for the effects to be favourable to the organisation, managerial accounting demonstrates its usefulness in establishing what is profitable, in terms of costs as decisive factors for determining prices, this system being implemented through the managerial accounting, as part of the accounting activity performed within the organisation.
Keywords: managerial accounting; cost; price; management; expenses; method (search for similar items in EconPapers)
JEL-codes: M41 M10 (search for similar items in EconPapers)
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