The Possibility of Accounting Information Systems to Support the Standard costs: Analytical study Insurance Sector – Jordan

Abstract

This study examines the evaluation of the relationship between accounting information systems & standard costs, researchers have used a sample of 27 insurance companies belonging to the insurance sector listed on the Amman Stock Exchange Securities, The study discussed at several major themes are: The standard cost system, as partial of the cost accounting information system and has a strong relationship with the budgeting system. Evaluation of performance using a standard cost system as a method of cost control. Standard costing system remains appropriate with the new business environment.

The study found many of the results was the most important focusing on objective accounting information system and the possibility to support the standard costs, so as to ensure make true decisions or correct decisions taken previously, this would preserve the continuity of the enterprise and increases the useful life or its product age, and guarantee them a competitive advantage in the business environment.

Keywords: Insurance Company, AIS (Accounting Information Systems), Standard Cost, ASE (Amman Security Exchange), Insurance Sector.