The achievement of the budget objectives with minimum costs so that when the activity is completed the revenue exceeds the costs, namely there is a profit that ensures a level of profitability as high as possible both at general level and by product, department or service performed.
Published in Chapter:
Managerial Accounting and Organizational Performance: Evidence From Romanian Healthcare Companies
Ionica Holban (European Academy of the Regions, Belgium), Sorinel Căpuşneanu (Dimitrie Cantemir Christian University of Bucharest, Romania), Dan Ioan Topor (1 Decembrie 1918 University, Romania), Vasile Burja (1 Decembrie 1918 University, Romania), and Loredana Elena Comănescu (Valahia University, Romania)
Copyright: © 2021
|Pages: 11
DOI: 10.4018/978-1-7998-3473-1.ch001
Abstract
This chapter takes a fresh look at empirical studies that have tried to demonstrate the connection between management accounting change and organizational performance in health system. A qualitative research design was adopted involving the use of a mailed survey to collect data from June 2017 to December 2017 in Romanian healthcare companies. The results of the present study suggest that the successful management of change is important for the survival and success of any organization in today's private health environment, which is extremely competitive and evolving continually. Finally, our findings are relevant for the transformation of managerial accounting from a passive state to an active one in producing and implementing change.