IDEAS home Printed from https://ideas.repec.org/a/dug/actaec/y2014i6p114-122.html
   My bibliography  Save this article

The Cost Analysis of a Start-up Company in the Information Technology Domain

Author

Listed:
  • Cornelia Elena Tureac

    (Danubius University of Galati, Faculty of Economic Sciences, Romania)

  • Ionica Oncioiu

    (Titu Maiorescu University, Romania)

Abstract

Most countries more or less developed rely on the dynamism and resistance to risk of the private companies. Worldwide, the SMEs represent 85% of private companies that engages approximately 60% of the workforce. The company’s performance is reflected in expenditure analysis which is an important factor to be considered in an enterprise. Because of the importance of this issue, we performed an analysis and the presentation of costs of a company working in the field of IT. The expenses, if they are well established and commensurate with the income, the company will certainly be able to overcome the economic barriers that occur during the course of business activity. The research methodology lies in analyzing and highlighting the company's expenses, aiming at the necessary equipment, acquisition of intangible fixed assets, administrative expenses, external services and not least the wage costs. Spending is a factor that depends entirely on the company's control, so it represents a primary factor for analysis. In conclusion the biggest expenses in the first year are those aiming at the acquisition cost of intangible fixed assets, respectively 103.090.00 representing the software necessary for conducting the activity, and those with external performance executed by third parties amounting to 330,800.00 lei, the largest share could be found in the research activity. Salary expenditures in the first year of operation are of 299.267.00 lei.

Suggested Citation

  • Cornelia Elena Tureac & Ionica Oncioiu, 2014. "The Cost Analysis of a Start-up Company in the Information Technology Domain," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 6(6), pages 114-122, December.
    • Handle: RePEc:dug:actaec:y:2014:i:6:p:114-122
    as

    Download full text from publisher

    File URL: http://journals.univ-danubius.ro/index.php/oeconomica/article/view/2679/2309
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Lucia-Ramona POPA, 2013. "The Effects Of The Crisis On The Small And Medium Enterprises (Smes) And Their Need For Development In Romania," Management Strategies Journal, Constantin Brancoveanu University, vol. 20(2), pages 24-30.
    2. Roxana Gabriela HODOROGEL, 2011. "The Global Economic Crisis. Challenges for SMEs in Romania," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(4(557)), pages 129-140, April.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ionica Oncioiu & Cornelia Elena Tureac, 2014. "The Evolution of SMEs during 2008-2013 and the Analysis of their Impact on Economic Crisis," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 10(4), pages 208-218, August.
    2. Tudor Mugurel Aursulesei & Liviu - George Maha, 2020. "Dysfunctions Of The European Monetary Union," Junior Scientific Researcher, SC Research Publishing SRL, vol. 6(1), pages 82-91, May.
    3. Tudor Mugurel AURSULESEI, 2018. "The sustainability of Romania's accession to the Euro Area - A political project anchored in economic reality," CES Working Papers, Centre for European Studies, Alexandru Ioan Cuza University, vol. 10(4), pages 480-490, January.
    4. Maria-Daniela BONDOC & Alina HAGIU, 2011. "SMEs Competitiveness Reflected Through Productivity - Comparative Study Between Romania and the EU," EuroEconomica, Danubius University of Galati, issue 5(30), pages 137-147, December.
    5. PURCAREA, Irina, 2011. "An outlook on the competitive framework of Romanian SMEs challenged by the economic crisis," Romanian Distribution Committee Magazine, Romanian Distribution Committee, vol. 2(1), pages 40-46, June.

    More about this item

    Keywords

    enterprise; costs; acquisition;
    All these keywords.

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:dug:actaec:y:2014:i:6:p:114-122. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Daniela Robu (email available below). General contact details of provider: https://edirc.repec.org/data/fedanro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.