Behavioral Aspects of Cost Management

Teresa Kiziukiewicz () and Elzbieta Jaworska ()
Additional contact information
Teresa Kiziukiewicz: Institute of Accounting, University of Szczecin
Elzbieta Jaworska: West Pomeranian University of Technology Szczecin

Chapter Chapter 2 in Problems, Methods and Tools in Experimental and Behavioral Economics, 2018, pp 21-34 from Springer

Abstract: Abstract Economic results of a company mostly depend on proper cost management that determines its competitive position. The condition for an effective cost management is possession of information provided by cost accounting. The nature and scope of information regarding costs depend on the chosen model of cost accounting. Therefore, an economic entity should attempt to create such a cost accounting model that will ensure not only the fulfillment of duties resulting from the provisions of the Accounting Act, but also the provision of information necessary for decision-making. However, the shape of cost accounting model, information about costs and managing them are all influenced by human behavior. The aim of the chapter is to present the areas of influence of behavioral factors on effective cost management, especially on planning and controlling costs. Therefore, the following topics are presented in the chapter: Design of a cost accounting model supporting the decision-making process in the context of behavioral interactions. Impact of the selected model on management usefulness of information on costs—with respect to the behavior of people working in accounting. Choices in decision-making as part of cost management, especially in the field of cost planning (budgeting). For the purpose of the chapter, the following methods are used: literature analysis, source analysis method, as well as inductive and deductive reasoning methods.

Keywords: Behavioral accounting; Behavioral factors; Cost management; Cost accounting; Cost planning and control; Decision-making (search for similar items in EconPapers)
Date: 2018
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:prbchp:978-3-319-99187-0_2

Ordering information: This item can be ordered from
http://www.springer.com/9783319991870

DOI: 10.1007/978-3-319-99187-0_2

Access Statistics for this chapter

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