Affiliation:
1. Aleksandër Moisiu University of Durrës
Abstract
It is worth mentioning that the proper implementation of accounting practices provides a good opportunity for firms to compete in the market in order to offer qualitative products and services, which have affordable prices for consumers (Nugroho et al., 2022). The main purpose of this study is to overview the impacts of the implementation of accounting practices in some manufacturing companies in Albania. To carry out this study, questionnaires distributed to manufacturing companies in the cities of Durrës and Tirana were used. It was noticed from the study that the most important elements of the implementation practices focus on reducing costs and increasing profit. This applies to any firm, but the manufacturing companies surveyed in Albania are focused on the short-term spectrum and try to reduce any costs that do not bring immediate benefits. During the analysis, it was seen that the firms had implemented practices with reduced costs, such as their division into fixed, variable and additional costs. None of the manufacturing companies had used the regression method to have a forecast for the future and the activity-based costing (ABC) method was only known theoretically. This study aims to contribute to the literature and also the results have value for developing countries like Albania.
Subject
Strategy and Management,Public Administration,Economics and Econometrics,Finance,Business and International Management
Cited by
1 articles.
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