THE INFLUENCE OF INFORMATION TECHNOLOGIESON PLANNING AND COST MANAGEMENT IN SMALL AND MEDIUM SIZED ENTERPRISES

Efficient cost management is oneof the key tasks in modern management, primarilybecause of causal connection of costs, profitabilityand competitive advantage on the market. As amarket-based concept, Target Costing presentsmodern accounting philosophy of cost accountingand profit planning. In modern business, efficientcost planning and management is provided byaccounting information system as an integratedaccounting and information solution whichprovides enterprises with accounting dataprocessing neccessary for making businessdecisions related to efficient management inaccordance with declared mission and goals of anenterprise. Basic information support in the processof planning and cost management is realised bycost accounting module which is a very importantpart of accounting information system in everyenterprise. The cost accounting module as asegment of an integral information system, providescost monitoring by type, place and bearer.