Saving with the cost management approach in bank

Jamal Mohammadi¹ Eghbal Mohammadi²

1) B.A at software, Islamic Azad University of Roodbar . iran
2) Phd student at Watershed Management Science and Engineering, Islamic Azad University, Science and Research Branch, Tehran ,iran

IOI Code : XYCH-AEBKB
Publication : 3rd International conference on Management , Economics and Humanities(icmeh.org)
Abstract :
    Abstract Rapid and dramatic advancement in technology with increasing competition in global markets has required the accounting management to provide new solutions to managers at economic units for decision-making. On the other hand, these two effective forces, i.e. changes in technology and global competitions have obliged the managers at economic unit to provide desirable services for the customers with least cost price. The expectations require additional requirements with respect to providing managers’ required information for management accounting system. Providing such information requires an efficient system with an outlook to the competitive conditions in the possible economic status. Most of non-profit units replace their traditional costing systems with cost management systems. In cost management system, cost of each of activities has been measured and the costs without value added have been specified and the area for their removal has been provided. Emphasis on cost management system causes producing and providing products and services with superior quality and least cost price, under which the competitive power of non-profit units will increase.

Keywords : bank management accounting cost management system traditional costing systems modern costing methods