Cost Systems present in Credit Unions in the city of Barranquilla in the 4.0 era

Abstract

The present study is aimed at characterizing the Cost Systems present in Savings and Credit Cooperatives in the city of Barranquilla in the 4.0 era. The research design was oriented towards the non-experimental causal correlational and the population was constituted by the savings and credit cooperatives belonging to the city of Barranquilla, which were selected through simple random probability sampling to then apply the primary information collection instrument through a Likert style survey. These types of organizations immersed in the Colombian third sector generally lack cost systems that provide them with the necessary tools to support the decision-making process executed by the administrative bodies immersed in them, such as the General Assembly, the Board of Directors, the Management, the Accounting Department, and the Statutory Auditor's Office. The savings and credit cooperatives in the city of Barranquilla have very archaic accounting systems related to the costs of the products and services rendered to the society, which have great difficulties at the time of basing the financial decision making process.