Present-day ways of calculating costs in companies
Costs are inseparable elements of running business. Calculating costs in a proper way should allow to fulfill accounting reports and make taking decisions in company easer. It is presented here how to calculate costs in two traditional ways - an absorption costing and a variable costing. Nowadays, i...
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Published in | Journal of Research and Applications in Agricultural Engineering (Poland) Vol. 48; no. 4 |
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Main Author | |
Format | Journal Article |
Language | Polish |
Published |
2003
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Subjects | |
Online Access | Get more information |
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Summary: | Costs are inseparable elements of running business. Calculating costs in a proper way should allow to fulfill accounting reports and make taking decisions in company easer. It is presented here how to calculate costs in two traditional ways - an absorption costing and a variable costing. Nowadays, in accordance with present demand, they are replaced with Activity Based Costing, which is also characterized in this article. At the end there is mentioned an innovation, which rather rare function in Polish reality, it means Balanced Scorecard |
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Bibliography: | A16 2004000503 |
ISSN: | 1642-686X |