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COST MANAGEMENT SYSTEM IN THE SAVING AND CREDIT COPERATIVES OF BARRANQUILLA

As economic and social institutions, cooperatives must base their operations through instruments of a strategic nature that allow them to face the multiple challenges originated in the first instance by the constant needs of senior agents vulnerability of the society that they must supply and of the demands coming from an increasingly specialized market that demands of the organizations a high level of efficiency and effectiveness in corporate processes and policies

Theoretical Foundation

Results of the Research

Methodological aspects

Cost accounting as management tool in organizations

Cost management systems such as tools for determining production costs

Management accounting as

decision making tool

At this point, it is possible to state that the management accounting is forged as a response to the multiple needs exhibited by business organizations, which require tools that provide information that goes beyond beyond the data provided by the states basic accounting, which usually use only monetary units in the valuation, measurement and disclosure of the different administrative, financial, commercial and social transactions executed by companies.

externalize through clear and detailed reports the data required by the competent bodies of the administration, must be recognized as an activity essential of cost accounting, to carry out the business planning and control process

the relevance of implementing a cost system regardless of whether it is among the methodologies traditional or contemporary resides in its ability to establish the causality of costs in a given period, which allows efficiently manage this immersed element in the production process

With the essential purpose of fulfilling the objective that settled this article and supported by what Marcelo expresses M. Gómez (2006), the research carried out had a quantitative approach, because it was used the tools provided by the descriptive and differential statistics, in order to materialize the established purposes

The survey was defined as a primary information collection instrument.

Likert, who addressed the savings and credit cooperatives of Barranquilla, determined by

simple random probability sampling

The population was defined by the set of savings and credit cooperatives belonging to the city of Barranquilla. With reference to random probability sampling simple, because all the elements belonging to the population have the same probability of being included in the sample Inclusion is not influenced by other components and all samples can be formed with elements of the population.

Among the procedures aimed at

calculation of the necessary and obligatory expenditures in the cooperatives studied, is

the cost system used as the basis of

measuring the value of disbursements related to production, once these have been

accomplished.

Traditional Cost Systems

used by savings cooperatives

and credit of Barranquilla and its effects on

decision making

Initially, for 74.6% of civil servants respondents, the information generated by the cost system used by the institution to which they belong does not have the tools necessary to generate useful and pertinent inputs to cement the decision-making process.

Given this situation, 12.5% ​​consider that the procedure used by the institution does not present major problems in the support of the business management in its planning, control and decision stages

The results shown above are consistent with what was expressed by 87.6% Of the respondents, because for them the cost system used in the cooperative in which they work, presents a high degree of Difficulty in providing accurate information on the profit margin of the services offered to society; in this case, 5.0% of the officials belonging to the sample affirms the opposite; finally, 7.5% of the employees surveyed did not express any opinion