The Changing Role of Managerial Accounting in Decision Making Process Research on Managing Costs

• Published in: Economy transdisciplinarity cognition journal 2011-07, Vol.15 (2), p.45
• Main Authors: Fotache, Gabriela, Fotache, Marian, Bucsa, Radu Cristian, Ocneanu, Lucian
• Format: Article
• Language: English
• Subjects: Costs; Decision making; Hypotheses; Information systems; Management accounting; Studies
• ISSN: 1454-5675; 2068-7389

The participation in decision-making information system of managerial accounting information is amplified today by emphasizing their role in making the decision on. They are not only means of enhancement and optimization of production processes and those in general, but actually create a new context and open up great prospects in stimulating economic development. Effective functioning of an entity in a competitive environment, whose dominant economic one is the limited resources, requires effective management of costs incurred on its outcomes. To achieve economic circuit: Supply - Production - Storage - Selling a range of expenditure compete through cost elements shall be made in selling prices of products on the market. Thus, it appears necessary to identify possible uses of information provided by the system of costs in decision making. This paper aims at identifying the role of managerial accounting in the economic entity's information system and explains its objectives in terms of decision making. [PUBLICATION ABSTRACT]