ADVANCED COSTING METHODS AND THEIR UTILITY IN ORGANIZING MANAGEMENT ACCOUNTING

The main objective of this scientific approach is to underline the specific and utility of advanced costing methods starting from the limits of classic costing methods. The results of this study are materialized in delimiting the main modern costing methods, how costs and causes behind costs are identified, particularly how they interfere in cost reduction and decision-making. The article aims to prove the usefulness of applying modern costing methods, recalling principles that govern them and the manners and conditions of applications. The contribution of this research is materialized in a critical approach of the main advanced costing methods, starting from the assumption that all methods are based on common principles, but also have sensitive areas that set them apart, the purpose of this scientific approach being to identify and to briefly present these sensitive areas.