IMPROVING THE SYSTEM OF COST ACCOUNTING AND ITS STRATEGIC ANALYSIS IN BANKS

Abstract

Cost accounting in banks has traditionally been perceived as an auxiliary function, primarily aimed at recording and monitoring operational expenses. However, in today’s financial environment, where competition is intensifying and risks are becoming more complex, cost accounting must be transformed into a powerful management tool that supports strategic decision-making. The improvement of cost accounting systems provides banks with the opportunity to increase efficiency, optimize resource allocation, and ensure profitability in both the short and long term. This transformation reflects the global trend of shifting from traditional financial reporting to a more comprehensive approach known as strategic management accounting, which not only focuses on numbers but also on the long-term sustainability of banking institutions.