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Cost Management And Cost Control In Decisional Process Of Organizations


  • Stefania – Eliza Bana (Panciu)

    (The Academy of Economic Studies Bucharest)

  • Florin Sgardea

    (The Academy of Economic Studies Bucharest)


In this article we wanted to show the importance of the costs of providing the necessaryinformation to the management in order to take the best decisions in crisis conditions. Under thedouble-effect of the pressure coming from the competition and the world financial crisis, theenterprises feel the need to understand better their costs in order to determine with maximumprecision the selling prices and the limits that can be achieved for each product. It’s not only aboutprevision, there should also be considered the necessary ways in order to achieve the goals. That’show we can explain the development of the today’s managerial control and of its favourite instrument,the analytic accounting of which no enterprise in Romania or Europe could be spared, and this isbecause behind the demand and offer of all price-competition there lies, indirectly, the cost-competition.

Suggested Citation

  • Stefania – Eliza Bana (Panciu) & Florin Sgardea, 2009. "Cost Management And Cost Control In Decisional Process Of Organizations," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 1(11), pages 1-6.
  • Handle: RePEc:alu:journl:v:1:y:2009:i:11:p:6

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    managerial accounting; internal transfer prices; hidden costs;

    JEL classification:

    • M - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics


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