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The Importance Of The Cost Information In Making Decisions

Author

Listed:
  • Gheorghe Lepădatu

    (Christian University "Dimitrie Cantemir")

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.

Suggested Citation

  • Gheorghe Lepădatu, 2011. "The Importance Of The Cost Information In Making Decisions," Romanian Economic Business Review, Romanian-American University, vol. 6(1), pages 52-66, March.
    • Handle: RePEc:rau:journl:v:6:y:2011:i:1:p:52-66
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    File URL: http://www.rebe.rau.ro/RePEc/rau/journl/SP11/REBE-SP11-A5.pdf
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    Keywords

    decisions; costs; users; financial;
    All these keywords.

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