THE EXTENT TO WHICH STANDARD COSTS CAN BE USED TO RATIONALIZE FINANCIAL NEEDS AN APPLIED STUDY IN THE BAGHDAD SOFT DRINKS COMPANY

Authors

  • Suhair Kadhim Fadhil Ministry of Higher Education and Scientific Research, Iraq
  • Hazim Abed Azeez College of Administration and Economics, University of Sumer, Iraq
  • Hazem Ali Muttair College of Administration and Economics, University of Sumer, Iraq

Keywords:

Standard costs, rationalization of decisions, financial needs

Abstract

The research aims to measure the extent to which the standard costing system can be applied in rationalizing financial needs decisions in the Baghdad Soft Drink Company, As well as measuring the impact of the application of standard costs on the process of controlling the performance of the unit by controlling the various elements of production. In order to explain the research problem and achieve its objectives, the descriptive analytical approach was adopted. Like (50) questionnaires were distributed to the sample members (auditors, accountants, production line managers, and financial analysts), and the simple linear regression model scale tested the research hypotheses. As a result, the research reached the most critical conclusions: Standard costs contribute to making decisions related to financial needs and reducing indirect costs by unit.

References

Babekir, M. M. Q., (2018) Analysis and a Course in Rationalizing Decisions to Grant Bank Finance," Master's Thesis, Al-Neelain University, Khartoum, Sudan. 2. Fahmy, B. Y. F., (2007) The Role of Financial Analysis in Evaluating the Efficiency of Financial Decisions, Unpublished Research, Cairo University, Egypt, 3. Faisal, Q. M. J., (2015), The Standard Costing System and its Role in Monitoring and Evaluating the Performance of the Oil Industry Companies, Syria, Tishreen University, Faculty of Graduate Studies, Master Thesis. 4. Gomaa, I. I. ( 2004) Management Accounting and Operations Research Models in Decision Making, Al-Dar Al-Jami’a Press, second edition, Alexandria, Egypt. 5. Mahasneh, M. A. R., (2005) The Impact of Information Systems Efficiency on Effective Decision-Making, The Jordanian Journal of Business Administration, University of Jordan, Issue 1, Amman, Jordan. 6. Maria, G. (2010) Budget-a perfect management tool, Bachhelor thesis in management accounting, University of Gothenburg. 7. Mashreqi, A. H., (2007) Theory of Administrative Decisions, a Quantitative Introduction to Management", Al Masirah for Publishing and Distribution, First Edition, Amman, Jordan. 8. Muhammad, A. I. S., (2012) Standard costs and their role in controlling production costs, (Khartoum: Sudan Academy of Banking and Financial Sciences, College of Graduate Studies, Master's thesis in Accounting and Finance.

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Published

2022-04-12

How to Cite

Suhair Kadhim Fadhil, Hazim Abed Azeez, & Hazem Ali Muttair. (2022). THE EXTENT TO WHICH STANDARD COSTS CAN BE USED TO RATIONALIZE FINANCIAL NEEDS AN APPLIED STUDY IN THE BAGHDAD SOFT DRINKS COMPANY. World Bulletin of Management and Law, 9, 17-24. Retrieved from https://scholarexpress.net/index.php/wbml/article/view/795

Issue

Vol. 9 (2022): WBML

Section

Articles

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