Cost accounting systems at small and medium sized companies

- vm ABSTRACT Nowadays, small and medium size companies' success at competition is mainly based on their cost accounting strategies. To have effective cost accounting strategy it seems inevitable for those companies to revise their insufficient cost accounting systems and adapt them so that they can satisfy their needs in such a contemporary endustrial enviroment. At the first part of our study, small and medium size companies (SMSC) concept has been explained and characteristics of SMSC have been emphasized. Increasig importance of SMSC and their relationships with big companies have also been explained. Effect of economic and technological changes on SMSC and SMSC accounting systems have been explaiend. In addition to those, main characteristics of cost accounting systems have been mentioned. In the second part, the effect of technological improvements on the companies, as well as on their accounting systems and contamporary accounting methods have been explained in detail. In this part the following approaches have been studied.. Cost accounting of product life cycle,. Target cost accounting,. Total quality management and quality costs,. Just in time production and cost accounting implementation techniques. In the third part, activity based cost accounting which is also our application subject have been studied in detail. As for the fourth part which is also our practise part, cost management systems and implimantation of some suggestions under the light of those systems have been evaluated. The accounting system of Nur Gıda Sanayi Ticaret Ltd.Şti have been examined and the results have been compared by using traditional cost accounting methods against new approaches.