POSSIBILITIES OF APPLYING COSTING IN MANAGEMENT DECISION-MAKING

Costing system is an important tool of a management decision making. Within the scope of entrepreneurial activity a great number of preliminary calculations on the level of operating management and on the level of business management is being done. Costing is often considering two aspects: the aspect of time and the aspect of cost accounting. Preliminary costing determines the need of the so called starting-up capital. It involves income costing, expenses costing, operating results costing and the analysis of anticipated profitability. Decision making applies the opportunity costs. Costing of ''non-total'' costs is trying to eliminate negative elements of costing of total costs. Costing of non-total costs is characterized by dividing the costs into directly and indirectly corresponding unit costs, by category of gross profit and by retrograde approach to calculation. The well-known systems of costing on the basis systems of variable costs with timely differentiated fixed costs, costing of standard marginal price and costing of relative direct costs.