The Importance of Opportunity Costs in Financial Management in Connection to the Economic Profit

Dusan Karpac, Viera Bartosova
2020 Proceedings of the Fifth International Conference on Economic and Business Management (FEBM 2020)   unpublished
The main goal of the paper is to present the position of opportunity costs in the analysis of financial management. The article discusses the costs of lost opportunities, explains their importance for the financial management of business entities and, based on a theoretical basis, points to the need to consider these costs in relation to economic profit. The individual parts of the article provide a description of individual financial analysis, economic profit, alternative costs and their
more » ... onnection and the importance of their interconnection. The article also provides an in-depth search, which is a secondary basis for pointing out the importance and significance of the interconnection of the mentioned economic variables and phenomena.
doi:10.2991/aebmr.k.201211.058 fatcat:jrpjvuw3zvht7ppzb46e2cb6v4