It is not possible to use standard methods of management in present constantly changing conditions. Enterprises have to apply progressive methods of management. The aim is to enhance the methodical application and formulate practical recommendations for enterprises in the area of cost management.

In the article the author introduces time-driven activity based costing – a new method of costs counting. It is an improved concept of the activity based costing (ABC). The author performs a synthesis of scattered and incomplete knowledge based on the literature about the new concept. The...

The article presents complete and systematized information about the process of cost calculations of the cost object according to the concept of time-driven activity based costing which is an improved version of a standard concept of activity based costing. The author shows an example of cost...