THE ROLE OF COST ACCOUNTING FOR DECISION MAKING IN CASE OF REPI SOAP AND DETERGENT S.C

Abstract

The business world is in the era of high competition. This is because of the level of complexity that we are seeing from globalization and advanced industry. That means any manager needs all the support he/she might need from anywhere possible to make a sound decision. Cost accounting is one of these tools for supporting managerial activities. Specially, as the industry transforms itself from cottage to mass production and now flexible, cost accounting role is increasing and becoming more and more crucial. The main theme of this study is to assess the role of cost accounting for decision making by taking Repi Soap and Detergent S.Cs. as a case study. This study adopted a descriptive design. The target population for this study was 43 employees of the company. Purposive sampling method was applied. The study collected primary data from the respondents using questionnaires and interview instruments. And the collected data were analyzed by using qualitative approach .From the findings the study concludes that cost accounting play a crucial role in providing information for making economic and financial decisions. These decisions are important elements for the organization.