MANAGEMENT CONTROL – THE INSTRUMENT OF MEASURING THE ENTITY’S PERFORMANCES

management accounting, standard-cost method, management control, budget, performance

ანოტაცია

Abstract: management control presented as a combina- tion of qualitative and quantitative tools serves as support for managerial decisions. The most important source of informa- tion within the management control system is the accounting. The management method that adapts well to the management accounting is the method of standard cost. Standard costs are presented as targets, while the deviations recorded between the effective costs and standard costs provides an indicator of performance evaluation of the entity and an important foundation for effective managerial decisions in the future.