GENERATION OF INFORMATION FOR MANAGEMENT DECISIONS BASED ON COST BEHAVIOUR ANALYSIS
The article carries out a critical analysis of management information needs for information generation for operational and strategic management decisions. The problem of correct assessment of existing and future costs to substantiate the feasibility of the decisions is disclosed. The stages of forma...
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| Format: | Article |
| Language: | English |
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Publishing House of the State University of Management
2021-05-01
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| Series: | Вестник университета |
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| Online Access: | https://vestnik.guu.ru/jour/article/view/2771 |
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| author | G. A. Adamova |
| author_facet | G. A. Adamova |
| author_sort | G. A. Adamova |
| collection | DOAJ |
| description | The article carries out a critical analysis of management information needs for information generation for operational and strategic management decisions. The problem of correct assessment of existing and future costs to substantiate the feasibility of the decisions is disclosed. The stages of formation of information on the value of variable and fixed costs associated with making managerial decisions are highlighted. The expediency of dividing fixed costs, depending on the duration of the period of validity of the decision, with which their occurrence is connected, has been substantiated. Recommendations for estimating costs in relation to specific products are given. Special attention is paid to the classification of costs into irreparable and avoidable costs, as well as to the division of the latter into risk categories based on the possible consequences of reducing or completely eliminating various costs. Time, the study analyzes the difficulties that arise in predicting future costs. |
| format | Article |
| id | doaj-art-4ef72bf0b9a44f548be3187891d17e61 |
| institution | Kabale University |
| issn | 1816-4277 2686-8415 |
| language | English |
| publishDate | 2021-05-01 |
| publisher | Publishing House of the State University of Management |
| record_format | Article |
| series | Вестник университета |
| spelling | doaj-art-4ef72bf0b9a44f548be3187891d17e612025-02-04T08:28:07ZengPublishing House of the State University of ManagementВестник университета1816-42772686-84152021-05-0103828810.26425/1816-4277-2021-3-82-881996GENERATION OF INFORMATION FOR MANAGEMENT DECISIONS BASED ON COST BEHAVIOUR ANALYSISG. A. Adamova0State University of ManagementThe article carries out a critical analysis of management information needs for information generation for operational and strategic management decisions. The problem of correct assessment of existing and future costs to substantiate the feasibility of the decisions is disclosed. The stages of formation of information on the value of variable and fixed costs associated with making managerial decisions are highlighted. The expediency of dividing fixed costs, depending on the duration of the period of validity of the decision, with which their occurrence is connected, has been substantiated. Recommendations for estimating costs in relation to specific products are given. Special attention is paid to the classification of costs into irreparable and avoidable costs, as well as to the division of the latter into risk categories based on the possible consequences of reducing or completely eliminating various costs. Time, the study analyzes the difficulties that arise in predicting future costs.https://vestnik.guu.ru/jour/article/view/2771cost behaviourcost accountingcost trendvariable costfixed costscost managementcost drivermanagement accountingmanagerial decisions |
| spellingShingle | G. A. Adamova GENERATION OF INFORMATION FOR MANAGEMENT DECISIONS BASED ON COST BEHAVIOUR ANALYSIS Вестник университета cost behaviour cost accounting cost trend variable cost fixed costs cost management cost driver management accounting managerial decisions |
| title | GENERATION OF INFORMATION FOR MANAGEMENT DECISIONS BASED ON COST BEHAVIOUR ANALYSIS |
| title_full | GENERATION OF INFORMATION FOR MANAGEMENT DECISIONS BASED ON COST BEHAVIOUR ANALYSIS |
| title_fullStr | GENERATION OF INFORMATION FOR MANAGEMENT DECISIONS BASED ON COST BEHAVIOUR ANALYSIS |
| title_full_unstemmed | GENERATION OF INFORMATION FOR MANAGEMENT DECISIONS BASED ON COST BEHAVIOUR ANALYSIS |
| title_short | GENERATION OF INFORMATION FOR MANAGEMENT DECISIONS BASED ON COST BEHAVIOUR ANALYSIS |
| title_sort | generation of information for management decisions based on cost behaviour analysis |
| topic | cost behaviour cost accounting cost trend variable cost fixed costs cost management cost driver management accounting managerial decisions |
| url | https://vestnik.guu.ru/jour/article/view/2771 |
| work_keys_str_mv | AT gaadamova generationofinformationformanagementdecisionsbasedoncostbehaviouranalysis |