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Strategic Cost Management As Instrument For Improving Competitiveness Of Agribusiness Complex

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  • Savić, Bojan
  • Vasiljević, Zorica
  • Đorđević, Dragan

Abstract

Cost accounting as a segment of an integrated accounting information system by generation of the relevant information provides significant support for both financial and managerial accounting. The above information represents the information base for decision making of internal and external users (management, investors, creditors and other stakeholders). In this paper a special attention is paid to contemporary systems of cost accounting, the application of which can be seen as an integral part of the effort undertaken in order to measure and control costs, since cost management is one of the indispensable elements to achieve, maintain and improve the competitiveness of enterprises. Having in mind the significant potential the Republic of Serbia has in the field of agricultural production, the aim of this paper is to highlight the challenges and specifics of cost management in the agribusiness complex enterprises. Hence, this paper discusses the modern systems of cost accounting as well as the cost management methods suited to the specific agricultural management activities, which could help to the local companies in efforts for share in the global agri-food products’ market.

Suggested Citation

  • Savić, Bojan & Vasiljević, Zorica & Đorđević, Dragan, 2014. "Strategic Cost Management As Instrument For Improving Competitiveness Of Agribusiness Complex," Economics of Agriculture, Institute of Agricultural Economics, vol. 61(4), pages 1-16, December.
    • Handle: RePEc:ags:iepeoa:196701
    DOI: 10.22004/ag.econ.196701
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    References listed on IDEAS

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    1. Jean Vasile, Andrei & Ungureanu, Adrian, 2014. "The Importance Of Economic Structure Evolution In Achieving Performance - From Agrarian Economy To Competitiveness In Romanian Economy," Economics of Agriculture, Institute of Agricultural Economics, vol. 61(4), pages 1-13, December.
    2. Craig Deegan, 2008. "Environmental Costing in Capital Investment Decisions: Electricity Distributors and the Choice of Power Poles," Australian Accounting Review, CPA Australia, vol. 18(1), pages 2-15, March.
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    Cited by:

    1. Ioana Moldovan (Tonea) & Ioana Beleiu, 2020. "An Analysis of Investment Decisions in Agribusiness," Book chapters-LUMEN Proceedings, in: Carmen NÄ‚STASE (ed.), 16th Economic International Conference NCOE 4.0 2020, edition 1, volume 13, chapter 18, pages 194-205, Editura Lumen.
    2. Shevtsiv Lyba & Romaniv Yevgen & Dolbneva Deniza, 2019. "Construction of a model of strategic management of costs at the machine-building enterprise," Technology audit and production reserves, 1(45) 2019, Socionet;Technology audit and production reserves, vol. 1(4(45)), pages 11-21.
    3. Tingey-Holyoak, Joanne & Pisaniello, John & Buss, Peter & Mayer, Wolfgang, 2021. "The importance of accounting-integrated information systems for realising productivity and sustainability in the agricultural sector," International Journal of Accounting Information Systems, Elsevier, vol. 41(C).

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    Keywords

    Agribusiness; Marketing;

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