Accounting systems for cost management used in the Romanian economic entities

Article Type: Abstracts From: International Journal of Accounting and Information Management, Volume 19, Issue 2

The accounting information lies at the basis of the decision-making process,both inside and outside of the organization. In this paper, we try to determine through an empirical research the attitude of the managers in the Romanian companies towards the information generated by the managerial accounting. This attitude is seen in terms of: the utility of the managerial accounting information, the degree of usage of the managerial accounting information, the instruments for collecting, analyzing and interpreting the managerial accounting information, the costs and benefits derived from obtaining the managerial accounting information. Improved management accounting information can only come through a participation of managers to management control. Our findings indicate that even though the managers allocate only a third of the resources of the accounting department for the management accountants, in most companies functions a cost-monitoring system and the managers are satisfied with the cost-benefit ratio of using managerial accounting. The study is relevant for the use of the management control techniques in Romania.

Keywords: Cost management, Accounting systems, Empirical survey, Romanian economic entities

Gabriel Jinga, Mădălina Dumitru, Mihaela Dumitrana and Marcel VulpoiThe Bucharest Academy of Economic Studies, Bucharest, Romania