Theoretical Framework of Cost Accounting and Firm Performance
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| Pages: | 54 : 61 |
| Abstract: |
This paper explores the foundation of cost accounting and its impact on firm performance, emphasizing the importance of financial information for planning, financial control and tax compliance. Emphasis is focused on environmental cost accounting as mean of improving corporate decisions by integrating environmental considerations and management accounting practices as an essential tool for sustainability and competitiveness in today's economic context. By analyzing the structure and principles of cost accounting, the paper highlights the distinctions between different types of costs and the allocation approach, providing a comprehensive perspective on how accounting practices directly influence the performance and efficiency of firms. Finally, future research directions are suggested, highlighting the importance of continuous exploration of this vital area for effective corporate resource management. |
| JEL classification: | M40 |
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M40
