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Transcript

Nestor Taibel

COST MANAGEMENT SYSTEMS IN SAVINGS COOPERATIVES AND CREDIT OF BARRANQUILLA

cost management

introduction

Main goal

Its main objective is to identify those traditional cost management systems which are used in savings and credit cooperatives in the city of Barranquilla and the different problems faced by the agents in charge of proceeding and making decisions which can affect positively or negatively the financial part of the company.

Through the different functional tools and strategies that face many challenges that originate in the first instance from the constant need of the most vulnerable agents, our society is obliged to meet the demands that come from a increasingly competent market since it needs order, but today it has efficiency in corporate processes and policies.

THE IMPORTANCE OF MANAGEMENT ACCOUNTING

Different experts have expressed their views on the role of management accounting in the business environment. Although each has their own perspective, everyone agrees that this tool makes it easier for business management to improve the company's management process.

In conclusion

Based on the data obtained by using the primary information collection method in the solidarity cooperative institutions that operate in the field of savings and credit in Barranquilla, we can summarize the following. First of all, it is observed that the majority of these institutions use administrative measures to allocate the necessary expenses to the services they offer. Furthermore, the analysis of these cooperatives reveals that they tend to use historical and predetermined bases to establish the costs of their services.

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the end