When a literature research was conducted on the four basic systems to be used within the scope of the study, it was observed that not all of these systems were handled in an integrated manner in previous studies. Anctil at al. (1998) emphasized that using ABC and EVA systems together will be effective in increasing income, while Roztocki and Needy (1999) will be a powerful management tool for businesses. The combination of Ariyawongrat and Needy (2002), ABC and BSC in a lean production environment will create a strong link between business performance management systems and strategies, whereas Liberatore and Miller (1998) will be able to develop distribution channels strategies in businesses by using these two systems together and it will contribute to the determination of performance measures. Kaplan (2001) emphasized that the integration of the EVA and ABC system and the BSC model will provide high benefits to businesses. Stankeviciene and Sviderske (2010) have revealed that the availability of the EVA and BSC model as an integrated performance measurement system in terms of increasing the business value will contribute to determining the value factors and increasing the business value by transferring these factors to the business processes. One of the most important features of the study is that the systems that will be used in the study within the scope of the literature research have not been used in an integrated way in previous studies and that these systems will be applied together in a business environment.
1.1. RESEARCH SUBJECT
The subject of this study is to evaluate the financial performance of the enterprises together with the non-financial dimensions of the enterprises and to measure the operating performance in a balanced way.
1.2. RESEARCH PURPOSE AND IMPORTANCE
The aim of the study is to determine whether the use of the CC model with other strategic cost and performance management systems will benefit the improvement of business performance and whether it will be effective on the strategic decisions of business managers.
1.3. CONTRIBUTION of the ARTICLE to the LITERATURE
The results obtained through this study will be used to show whether the companies provide sufficient information needed for performance measurement by using cost and performance management systems together, and will make significant contributions to the literature.
2. DESIGN AND METHOD
The theoretical issues covered in the study are embodied through the data of a sample enterprise and within the framework of the application in the enterprise.
2.1. RESEARCH TYPE
“Case study method”, which is one of the scientific research methods used in the study and the financial and non-financial information of a manufacturing company, has been utilized.
2.2. RESEARCH PROBLEMS
The study is based on two research problems. First, can the information provided by FTM and EKD help manage activities effectively? Secondly, will the preparation of KK dimensions with FTM and EKD information be effective in terms of measuring the operational performance in a more balanced and accurate way?
2.3. DATA COLLECTION METHOD
Information about the balance sheet, income statement, final trial, product production information, flow chart of the activity, reports of the board of directors, annual purpose and target criteria were provided from the application enterprise. In addition, the necessary information about the business was obtained by conducting interviews with the business managers and employees.
2.4. QUANTITATIVE / QUALITATIVE ANALYSIS
Activity and product costs are calculated according to the FTM system. In addition, the weighted average capital cost is calculated according to the EKD system and capital costs are distributed on an operating basis. In addition, financial and non-financial dimensions are determined within the framework of the KK model and the dimensions of KK are designed with both FTM and EKD information.
2.5. RESEARCH MODEL
The model of this study is the KK model integrated with the FTM and EKD system.
Figure 1. Research Model
3. FINDINGS AND DISCUSSION
3.1. FINDINGS as a RESULT of ANALYSIS
In addition to the costs associated with the study, it is also possible to calculate the capital costs related to the activities, thereby calculating the opportunity costs of the activities by the enterprise. However, by evaluating the mentioned costs together, evaluating the product costs and feeding KK dimensions through this information leads to a more accurate determination of the targets throughout the enterprise.
3.2. DISCUSSING the FINDINGS with the LITERATURE
According to the findings obtained with the study, the use of the EKD system together with the FTM system has allowed the costs to be determined more accurately. In this sense, although the literature supports the studies carried out in this field, the application results in the beverage sector contribute to the literature. In the same way, providing the financial information required by the dimensions of the CC model of the FTM and EKD system more accurately, paves the way for the CC model to work more effectively. In this sense, it is seen that balanced results are achieved with the implementation of this integration, which is considered theoretically in the literature.
4. CONCLUSION, RECOMMENDATION AND LIMITATIONS
4.1. RESULTS of the ARTICLE
When we consider the results of the application made in the enterprise, it is possible to say that the integration of the KK model with the EKD-FTM system and the FTY model is very beneficial in terms of improving the operational performance. In other words, the application of these methods in an integrated manner will allow the deficiencies resulting from the use of the methods alone to be eliminated, and on the other hand, it will transfer the strategies to the activities and further improve the performance. Obtaining more accurate information about the profitability of the products by using the EKD-FTM system will also contribute to the selection of the right strategies. As can be seen in the application, using the KK model only with the traditional costing or FTM system will lead to the determination of the wrong performance targets. Because it is seen that the products or products evaluated as strategic products according to the traditional costing system and FTM system are not actually strategic products according to the EKDFTM system, but on the contrary they provide negative economic added value. If the performance results produced by the KK model are not at the level that the company targets, feedback is provided from the KK model to the EKD-FTM system and the FTY model. In this way, on the one hand, the activities and processes are reviewed, and on the other hand, the costs are controlled based on performance. In this sense, the bi-directional flow of information between the KK model and the EKD-FTM system and the FTY model will enable businesses to continue their activities effectively and efficiently, and will prepare the ground for strategic superiority. As a result of using the KK model together with the EKD-FTM system and the FTY model, the KK model should not only be viewed as a performance measurement tool, but should be considered as an effective managerial tool as well that affects the performance of the company and supports the creation of value through continuous improvement.
4.2. SUGGESTIONS BASED on RESULTS
The results obtained by applying the systems in the study indifferent sectors can be compared. In addition, with the implementation of the said-systems in a company in a period of at least 3 years, the target and actual values can be compared, and analysis of deviations can be discussed and management suggestions on what should be done in order to operate the system more effectively.
4.3. LIMITATIONS of the ARTICLE
Within the scope of the study, the most important constraint is that data related to an activity period of the enterprise are provided.
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