Use of Management Accounting Techniques in Croatian Manufacturing Companies

Mirjana Hladika ()
Additional contact information
Mirjana Hladika: University of Zagreb

A chapter in Eurasian Business and Economics Perspectives, 2022, pp 187-199 from Springer

Abstract: Abstract Companies today operate in a dynamic and competitive environment. Production technology is changing significantly, customers are becoming more demanding, competition is growing stronger, and product life cycle is getting shorter. In order to face a competition and to succeed in modern business environment, companies require the application of the new costing methods and efficient cost management. The aim of this paper is to investigate the structure of product costs and the management accounting techniques that are used for cost calculation, inventory valuation, and cost management in Croatian manufacturing companies. The data was collected through a structured questionnaire. Research sample consists of 700 Croatian manufacturing companies. Collected data were analyzed by using methods of descriptive statistics and methods of inferential statistics. Research results showed that direct product costs dominate in total product costs in many Croatian manufacturing companies, while a share of indirect product costs is relatively low. Furthermore, the research results showed that Croatian manufacturing companies mostly apply traditional management accounting techniques for cost management and traditional costing methods. Modern management accounting techniques for strategic cost management are applied in a small number of Croatian manufacturing companies, usually in those where the level of digitalization is very high and where automated manufacturing technology is used.

Keywords: Management accounting techniques; Cost management; Cost structure; Product costs; Inventory costing methods; Manufacturing companies (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:spr:eurchp:978-3-031-14395-3_10

Ordering information: This item can be ordered from
http://www.springer.com/9783031143953

DOI: 10.1007/978-3-031-14395-3_10

Access Statistics for this chapter

More chapters in Eurasian Studies in Business and Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().