The Cost and Information Management Effect in SMEs: An Empirical Analysis

Abstract

Purpose:The purpose of the study is to analyse costs and information management as determinants of the final price strategy, the cost components and to identify the impact of factors affecting the performance of SMEs. Design/Methodology/Approach: The methodology is based on the comparative analysis of data using both primary and secondary sources. The data collected are analyzed using the regression method. The results show that cost and information management contributes to determinate the company's price of goods and services. Findings: The research for SMEs shows that company performance depends on managerial decision taking into account cost management and accounting information. Decision-making in this context is determined by making a choice between alternatives and it is based on objectives. Cost and information management has a key goal, to organize costs by creating products and services, so company managers can use cost information as a guide to setting sales prices and inventory estimates by determining profits. Practical Implications: This work will be useful to the people in the academic field, readers, and knowledge seekers and will be of great relevance in the area of managerial decisions and performance appraisal. Originality/Value: It contributes to the knowledge of financial managers and other accountants as it will assist them in effective planning and control.

Gestão De Custos E Precificação Em Uma Pequena Confeitaria

“…Ademais, sugeriu-se a implantação do controle de vendas diárias por produto, separação dos gastos pessoais dos sócios do movimento financeiro da empresa, em função do princípio da entidade, implantação do controle da produção e das vendas por produtos para mensuração correta das perdas diárias. Grima et al (2019) defendem que em empresas de pequeno porte as informações de custos podem ser um guia para a definição dos preços de venda e controles.…”

“…Isto é, o preço de venda a ser praticado pela empresa pode ter uma relação estratégica entre o preço de venda calculado pelo controle e o preço de venda praticado pelo mercado. Grima et al (2019) concluíram que os gestores de empresas de pequeno porte podem usar informações de custos como um guia para a definição dos preços de venda e controle de inventários.…”

The Relationship between Tax-Related Administrative Barriers and SMEs Characteristics: Evidence from Slovenia

“…However, the extensive legal regulation adopted in recent years in the EU member countries and lengthy administrative are becoming increasingly burdensome for enterprises. It is well established in the literature that administrative barriers stemming from existing legislation and regulations hinder the performance, productivity and growth of the private sector, which relates mainly to SMEs (Bartlett and Bukvić, 2011;Břečková and Havlíček, 2013;Dubrova et al, 2019;Grima et al, 2019;Hanfan et al, 2018;Havlíček et al, 2013;Milavec and Klun, 2011;Setyawati et al, 2019;Slabe-Erker and Klun, 2012).…”

A Simplified Activity-Based Costing Approach for SMEs: The Case Study of an Italian Small Road Company

“…The paper aims to cover this gap suggesting new trends for future research. As recognized by Askarany et al (2010), smaller firms need more attention than large firms, regardless of the industry, in ABC adoption and cost and information analysis for SMEs cannot be ignored (Grima et al, 2019). The research proposes a model for a simplified ABC approach in an Italian Small Road company combining in an innovative way the framework of Bharara and Lee (1996) and the model of Roztocki et al (2004) to gradually introduce the costing system, making the SME aware of the achievable benefits while exploiting the informal conditions of its collaborative culture.…”