TY - JFULL AU - Javad Elkaie Behjati and Mehrzad Minouei PY - 2016/8/ TI - The Model to Calculate the Cost of Money to the Breakdown of Deposits and Banking Service T2 - International Journal of Economics and Management Engineering SP - 2566 EP - 2574 VL - 10 SN - 1307-6892 UR - https://publications.waset.org/pdf/10006396 PU - World Academy of Science, Engineering and Technology NX - Open Science Index 115, 2016 N2 - The present study aimed to assess the cost of money based on separating deposits and identifying actions and costs affecting in the process of cost of money in EN Bank of Iran (also known as Eghtesad Novin Bank). The method to calculate the cost of money is based on Activity-Based Costing (ABC). To conduct the study, the required data including deposits in banks and absorbed costs related to the same deposits were extracted from the financial statements of the bank. In order to cost the bank services properly as well as determining the commercial strategies required by commercial units, the data are precisely studied and the cost of each deposit is calculated according to the ABC. Eventually, the factors helping to improve the cost management and also a new model to calculate the cost of money in the bank are presented by some applicable formulas. Furthermore, some offers have been provided for users of both sections, in the practical section in commercial units and the theoretical one in universities. ER -