EFFICIENT MANAGEMENT OF TRANSPORT COMPANY COSTS IN THE POST COVID PERIOD USING MANAGEMENT ACCOUNTING TOOLS
EFFICIENT MANAGEMENT OF TRANSPORT COMPANY COSTS IN THE POST COVID PERIOD USING MANAGEMENT ACCOUNTING TOOLS

Summary/Abstract: Research background: Business management is currently facing a number of problems that arise in a very turbulent business environment, regardless of the subject of the business. The situation is also characteristic of transport companies, which are not only in need but also interested in various tools to support the management process. As part of value creation management, cost calculation is one such tool. It is the oldest and, at the same time, the most used. It is constantly evolving in an effort to reflect on the current conditions forming in the business environment. Purpose of the article: to focus on one of the ways to streamline cost management. It is an application of managerial accounting tools that enriches traditional calculation procedures with new progressive forms. A specific measure in this context is the use of the ABC calculation and, in particular, the advantage it provides to support management compared to the traditional calculation. Methods: To evaluate the calculation methods in question, it was necessary to proceed from the analysis of the acquired knowledge concerning the development, origin, and basic characteristics of both calculation methods, and then the method of comparison was used in the final comparison and definition of advantages or disadvantages. Findings & Value-added: The required output can be realized based on the application of methods of analysis, synthesis, and abstraction using a logical-deductive approach together with the application of specific mathematical procedures. The findings and benefit of the comparison lie in the higher efficiency and accuracy of the calculation procedure used by managerial accounting. At the same time, this fact contributes to a more efficient management of valuecreating quantities.

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