THE MANAGERIAL ACCOUNTING - A WAY OF PERFORMING FINANCIAL MANAGEMENT IN ROMANIAN SMALL AND MEDIUM-SIZED ENTERPRISES

The paper presents the importance of managerial accounting in small and medium-sized enterprises. In accordance with Romanian Accountancy Law no 82/1991, managerial accounting and cost analyze are compulsory. As a result of some studies it has been ascertained that most companies don`t know how to correctly organize their managerial accounting and their system of costs. Specialized studies have revealed the fact that many trading companies who didn`t organize their managerial accounting, despite the fact that they had at the beginning a rapid soar, they subsequently entered a decline stage, just because the lack of an adequate managerial accounting system. Within a competition environment expenditure control play a decisive part in enforcing managerial decisions, being a tool in the proper administration of a business. Romanian companies which want to organize managerial accounting must elaborate their own researches and to appeal to specialists and survey and accounting consulting companies to adopt and implement an individual model of managerial accounting.