RE: 25-11-2025-Management Control Systems - Cost Configuration [EN]-[IT]
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It really shows how important these tools are for making smart decisions and keeping a company on the right path. Learned something new today.
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Hi Tahirmuneer, you understand correctly. Managing a company can also be achieved through well-researched decisions. Today, managing a company by instinct is a huge risk, while it's much better to make decisions through accurate analysis. Cost configuration is a key concept in management control systems, which concerns the way costs are classified, aggregated, and attributed to the various calculation objects. Calculation objects can be products, orders, cost centers, or activities. All of this is important for understanding where to direct business decisions.
!STRIDE