CURRENT TRENDS OF PRODUCTION COST ACCOUNTING.

The present economic context, in which firms operate, has significantly changed, the current environment being characterized by globalization, increasing competition, rapid changes, market segmentation, changes in technology, demand instability, importance of information. The economic environment influences organization in various forms, affecting strategy, structure, system control and performance. Consequently, these changes have determined deep mutations in the core of the Third Millennium society and they have also revolutionized both the means of production and a reshaping of management accounting and cost calculation. The latter represents the most important source of information in the decision taking process. In this context, it is highly relevant to analyse the present trend of adopting modern costing systems to the detriment of the traditional ones and to the adaptability of this reform in general practice. [ABSTRACT FROM AUTHOR]