Cost management efficiency factors of enterprises in Serbia

Abstract

Increased complexity of business operations, fast market and technological changes and global competition demand a quick and adequate answer from enterprises' management structures. Reliable and efficient cost accounting system provides a secure basis for making not only short-term, but strategic managements' decisions, as well. Assumptions for an increase of cost management efficiency are better interconnection between financial and management accounting, better control of cost types and cost centers, more reliable information for an alternative business decision making, support to investments control and strategic planning, impact on the motivation of employees and other. Seizing and keeping of enterprise's competitive position is no longer possible without active cost management policy. Research in this paper has shown that enterprises from Serbia's economic sector can significantly improve its business performance and competitiveness through advancement of cost accounting system.

The impact of financial performance on workplace bullying and mistreatment in Serbian organizations

“…If these processes reach the public eye, the image of the organization suffers great damage. This is even more important if we keep in mind that some research in Serbia (Aničić et al, 2020;Vojteski-Kljenak et al, 2019) shows that, in general, it is very important to provide efficiently manage revenues, costs, profits, assets, and financial structure in order to improve the organizational performance of companies.…”

The integrated management system in the bakery industry of Leskovac

“…[17][28].Slika 1. -Model sistema menadžmenta kvalitetom zasnovanog na procesimaLegenda ------------------> aktivnosti koje dodaju vrednost ----------> tok informacijaČitava filozofija procesnog pristupa je takvo projektovanje, izgradnja, vođenje i upravljanje procesima u preduzeću koji će davati visok nivo kvaliteta proizvoda i usluga uz minimum troškova[26][28].…”