Utilisation of Cost Type Information in Decision Making Process Approaches on Public Establishments
Mihai (Andreescu) Gabriela
Ionescu (Eftene) Nicoleta
Ovidius University Annals, Economic Sciences Series,
cost, business administration accounting, decisions, public establishments, decision making process.
Managerial decisions and decision making process stand for the key issues of each entity around which all activities of financial information collection, processing, review, construing, summarizing, and not only, gravitate within every organisation. Moreover, costs (calculation, review and optimization of such) are important as the whole activity of an organisation reflects itself in costs, respectively based on information concerning costs based on which managers may decide on purchasing, producing or abandoning production of a given product. The whole decision making process may be directed on several stages such as: define objectives, determine and evaluate alternatives and making of decisions. The question arises: how is information offered by administration accounting used within each of these stages and which of the accounting information has got the most relevance in selecting the optimum solution.