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- Title
Cost Management Changes in the Economic Resort of Czech and Slovak Republic.
- Authors
Novák, Petr
- Abstract
Purpose - This article describes the economic (costs) situation of the enterprises operating in Czech and Slovak corporate environment. The main purpose of this article is to describe the main changes in cost situation and company behavior in the conditions of economic changes. It illustrates changes in the cost management, which happened in last two decades. Design/methodology/approach - This paper goes out of the prime and secondary research. The main findings of the author's research (in actual year) were confronting with previous findings. The results are then applied for current situation in economy. Findings - As a main result of the research we can say, that the issues related to company cost and cost management in Czech and Slovak firm hasn't recognized important changes. The better situation is in big foreign companies operating in Czech and Slovak economy, where are using the modern cost management instruments, and the company cost are under strict supervision. Practical implications - All surveys continually show the non-response companies in the use of modern cost systems and costing methods. There are therefore open wide possibilities of applications of methods such as Activity-Based Costing, Activity- Based Budgeting, Kaizen Costing etc. Originality/value - This paper brings new view of cost structure and cost management changes during economical changes in last twenty years in Czech and Slovak republic (changes after transformation from State controlled economy to open economy). This article describes the economic (costs) situation of the enterprises operating in Czech and Slovak corporate environment, and illustrates changes in the cost management, which happened in last few decades. Particular results of author's researches are presented in the article. The results are applied for current situation in economy.
- Subjects
CZECH Republic; SLOVAKIA; ECONOMICS; COST accounting; CORPORATE environmentalism; ACCOUNTING; COST estimates; ABSORPTION costing; MANAGEMENT science
- Publication
Global Business & Management Research, 2009, Vol 1, Issue 2, p70
- ISSN
1947-5667
- Publication type
Article