CONSIDERATIONS ON THE IMPORTANCE OF THE JOB-ORDER COSTING SYSTEM

Svetlana MIHAILA, Galina BĂDICU Academia de Studii Economice a Moldovei

Abstract

The authors present a method for the organization of the management accounting and job-order costing. Consideration has been given to the stages of the job-order costing system, as well as to the role of the accountant in the application and implementation of such method. The authors have adopted a theoretical and applicative approach in regard to the methodological stages covered by the management accounting and the costing method. The article ends with the authors' conclusions regarding the organization of the management accounting. In this respect, it outcomes that an entity is to apply the most efficient costing method and, moreover, a combination of classical and modern costing methods, in accordance with the specific features of the manufacturing process and production engineering, as well as the efficient management requirements. The authors have also shed light on the advantages offered by the job-order costing system, and the resulting importance of the subject under consideration. Keywords: job - order costing system, management accounting, costing, method contracts, production cost.