POSSIBILITIES OF USING COST TYPE INFORMAION BY THE MANAGEMENT OF THE MODERN COMPANY

The cost type informaion should be considered an instrument for creating value at a lower cost. Besides, this approach shows the capacity of the cost information system to supply relevant information which serves for several purposes, i.e. its use in the financial accounting (the cost of acquisition, the cost of production or stock processing, the absorption cost, the sale cost and the period cost): the use in decision making (opportunity cost, relevant cost, irreversible cost); the performance appreciation (measurement) and management (hidden costs, controllable costs, externalized costs).