USING COST ACCAUNTING OPERATIONS IN TEXTILE INDUSTRY AND AN APLICATION

Abstract

The contribution of an effective approach which utilizes cost data in managerial decisions for textile industry in adapting to the new business environment characterized by stiff global competition and the applications for obtaining cost data have been put forward. Cost concept has been studied, costing methods and systems which can be applied for decisionmaking purposes are explained. Costs required for managerial decisions are analyzed with the techniques used in forecasting cost data. The decision concept, decisionmaking process, information systems and basic managerial decisions are discussed. Then, the methods and concepts explained in the preceding parts and the use of cost data in managerial decisions as applied to textile industry have been presented. Evaluation of these findings and proposals to the firm under study and the industry are also made