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The Cost Analysis of a Start-up Company in the Information Technology Domain

Author

Listed:
  • Cornelia Elena Tureac

    (Danubius University of Galati, Faculty of Economic Sciences, Romania)

  • Ionica Oncioiu

    (Titu Maiorescu University, Romania)

Abstract

Most countries more or less developed rely on the dynamism and resistance to risk of the private companies. Worldwide, the SMEs represent 85% of private companies that engages approximately 60% of the workforce. The company’s performance is reflected in expenditure analysis which is an important factor to be considered in an enterprise. Because of the importance of this issue, we performed an analysis and the presentation of costs of a company working in the field of IT. The expenses, if they are well established and commensurate with the income, the company will certainly be able to overcome the economic barriers that occur during the course of business activity. The research methodology lies in analyzing and highlighting the company's expenses, aiming at the necessary equipment, acquisition of intangible fixed assets, administrative expenses, external services and not least the wage costs. Spending is a factor that depends entirely on the company's control, so it represents a primary factor for analysis. In conclusion the biggest expenses in the first year are those aiming at the acquisition cost of intangible fixed assets, respectively 103.090.00 representing the software necessary for conducting the activity, and those with external performance executed by third parties amounting to 330,800.00 lei, the largest share could be found in the research activity. Salary expenditures in the first year of operation are of 299.267.00 lei.

Suggested Citation

  • Cornelia Elena Tureac & Ionica Oncioiu, 2014. "The Cost Analysis of a Start-up Company in the Information Technology Domain," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 6(6), pages 114-122, December.
    • Handle: RePEc:dug:actaec:y:2014:i:6:p:114-122
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    References listed on IDEAS

    as
    1. Lucia-Ramona POPA, 2013. "The Effects Of The Crisis On The Small And Medium Enterprises (Smes) And Their Need For Development In Romania," Management Strategies Journal, Constantin Brancoveanu University, vol. 20(2), pages 24-30.
    2. Roxana Gabriela HODOROGEL, 2011. "The Global Economic Crisis. Challenges for SMEs in Romania," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(4(557)), pages 129-140, April.
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    Keywords

    enterprise; costs; acquisition;
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