engleski

Factual Approach to Decision Making as a Determinant of Efficiency of the Accounting Instruments

Quality management systems have been implemented by companies motivated to enhance their survival and growth prospects by including quality into their strategic priorities. The maturity of quality management systems can be determined by the level of the quality principles implementation. One of those principles is factual approach to decision making which emphasizes the use of data-driven approaches to evaluate the improvement efforts (as well as failed activities). The aim of this study is to establish the influence of the implementation of factual approach to decision making on accounting system development since cost and management accounting instruments provide the information relevant for the management.

Accounting; Quality management system; Quality principles;

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