The Methodological Steps In Management Accounting And Cost Calculation - A Comparative Analysis Between The Traditional Methods Used In Romania And The Activity-based Costing (abc) Method
In this paper, the author discusses the methodological steps taken in the Romanian management accounting, according to the specifics of the ABC method. The author also makes a comparative analysis between the custom (ordered-based) method and Activity-Based Costing (ABC) method. The author brings his own comments on the similarities and differences between the custom method and the ABC method. If we draw a comparison between the traditional cost accounting methods (the custom method) and the Activity-Based Costing (ABC) method, the latter presents some clear advantages from the point of view of the methodological steps that are to be followed in management accounting.