Title: Cost accounting in the function of planning and control over business results of profit centers
Abstract: The market way of doing business, the enterpreneurship concept of thinking and the company management require an appropriate-new approach to building the company's organizational structures. Namely, it is excepted to create, by the company decentralization, a platform for management decentralization with a view of more effective and efficient business operations of both organizational parts and the company on the whole. Taking into account some economic and organizational criteria, profit centers, as narrower organizational parts of the company can be established. The efficient and high-quality realization of management processes, as well as business decision-making, by the managing structures of the company's profit centers, require a full and real information support. Cost accounting, as a special and essential field in the framework of accounting functions, represents a vital high-quality information source for the management of profit centers with a view of carrying out the effective and flexible business policy in order to realize the optimal level of positive business results, that is profit, and it also contribute to business performance of the company, on the whole.
Publication Year: 1998
Publication Date: 1998-01-01
Language: en
Type: article
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