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Abstract
The cost information system plays an important role in every organization within the decision-making process. An important task of management is to ensure the control over operations, processes, activity sectors, and not ultimately on costs. Although in reaching the goals of an organization compete many control systems (production control, quality control and stocks control), the cost information system is important because it monitors the results of the others. The detailed analysis of costs, the calculation of production cost, the loss quantification, the estimating of work efficiency provides a solid basis for the financial control
Keywords: decisions, costs, users, financial
JEL Classification: M41
(ProQuest: ... denotes formulae omitted.)
1. The cost efficiency of the information system
Knowing the costs represents a decisive factor for making decisions or planning future activities. The record and the analysis of data regarding the past activity costs are only one side of the cost accountancy. The managers are also concerned about costs that will arise in the future, their level that stands as basis for supply and production decisions as well as for pricing policies.
A factor that needn't to be neglected is the efficiency of the cost information system. So, if the offered information is not useful for decision support, nor for the control or for the planning, then what is its value? In order not to reach such situations, the system must meet the following requirements:
* is it the suitable system for the organization in terms of the manner production of goods and / or to provide services?
* do the reports, responses to questions, the analysis contain relevant information for the intended purpose?
* do these outputs appear at regular intervals and small enough to ensure their effectiveness?
* are these reports, statements, analysis, responses to questions addressed to those people responsible for making decisions?
* is the information presented relevant, and sufficiently detailed and precise for the aimed purpose?
After browsing among these requirements it results that each information system of costs will be unique, because it will have to correspond to the demands of certain organizations.
In general, the managerial accountancy covers a wider scope and uses, more advanced techniques than the cost calculation. However, a basic requirement for the managerial accountancy is...