System Of Responsible Accounting And Methods For Distribution Of Costs

Zdravkoski, Igor (2018) System Of Responsible Accounting And Methods For Distribution Of Costs. In: VIII. IBANESS Congress Series, April, 21-22, 2018, Plovdiv / Bulgaria.

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Everybody in everyday life makes expenses. But the importance of their determination and deployment is enormous. The companies with their size are complex and are therefore divided into units for easier management per unit. An individual organization creates rewards in a variety of activities. And that's why we will emphasize here that departments can be classified into operational departments and departments. Of course, we have to confirm that managerial accounting plays a major role. This means identifying the activities that need to be collected in a logical order and determining the cost driver for these activities. It is also very important to set up a system for providing information and evaluating the profitability and cost-effectiveness of each activity of the individual unit. In fact, setting up an accountability system is a key goal for control of cost and expenditure through to assess the success of managers. The system of responsible accounting uses the concept of costs that can be controlled, and the responsibility of managers is even greater. Cost allocation is the basis for assessing the financial and non-financial performance measures. What it means are preparing plans to identify costs and expenses with each manager. In this system also prepares a performance report that aims to collect and report the costs and expenses for which a manager is responsible and the amounts of his budget. Namely, control over costs and expenditures is done through the control of managers from different levels. Keywords: system, manager, accounting, costs, activity.

Item Type: Conference or Workshop Item (Paper)
Subjects: Scientific Fields (Frascati) > Social Sciences > Economics and Business
Divisions: Faculty of Economics
Depositing User: Mr Dimitar Risteski
Date Deposited: 19 Feb 2020 10:34
Last Modified: 19 Feb 2020 10:34

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