Benefits from Imlementation of ABC Methods in Microbusinesses in Republic of North Macedonia
Session
Management, Business and Economics
Description
The paper deals with exploring the possibilities of applying ABC method as the most applied method of managerial and cost accounting in contemporary economies, which enables planning of financial inputs, control of expenses and profit for management at all levels. ABC activity-based costing also applies to the financial and service sectors, and is focused on individual activities such as product design, machinery configuration, material allocation, distribution and customer care client, as the basic cost objects.
In this paper through the method of analysis, induction and deduction we will try to explain the benefits that micro businesses will have from applying the ABC method in enhancing their performance. The reasons why such research should be done are the following: managerial and cost accounting is a relatively new learning discipline, strategic management accounting techniques are also not well researched and the implementation of strategic managerial accounting techniques is not relevant to business entities in the Republic of North Macedonia.
Keywords:
ABC, Managerial Accounting, Costs, Profit, Cost Accounting
Session Chair
Arta Mulliqi
Session Co-Chair
Muhamet Gërvalla
Proceedings Editor
Edmond Hajrizi
ISBN
978-9951-550-19-2
Location
Pristina, Kosovo
Start Date
26-10-2019 3:30 PM
End Date
26-10-2019 5:00 PM
DOI
10.33107/ubt-ic.2019.377
Recommended Citation
Jusufi, Bukurie Imeri, "Benefits from Imlementation of ABC Methods in Microbusinesses in Republic of North Macedonia" (2019). UBT International Conference. 377.
https://knowledgecenter.ubt-uni.net/conference/2019/events/377
Benefits from Imlementation of ABC Methods in Microbusinesses in Republic of North Macedonia
Pristina, Kosovo
The paper deals with exploring the possibilities of applying ABC method as the most applied method of managerial and cost accounting in contemporary economies, which enables planning of financial inputs, control of expenses and profit for management at all levels. ABC activity-based costing also applies to the financial and service sectors, and is focused on individual activities such as product design, machinery configuration, material allocation, distribution and customer care client, as the basic cost objects.
In this paper through the method of analysis, induction and deduction we will try to explain the benefits that micro businesses will have from applying the ABC method in enhancing their performance. The reasons why such research should be done are the following: managerial and cost accounting is a relatively new learning discipline, strategic management accounting techniques are also not well researched and the implementation of strategic managerial accounting techniques is not relevant to business entities in the Republic of North Macedonia.