Cost Management In A Company

Abstract

In solving managerial problems, management lacks operational and analytical information on costs characterizing real financial and business processes at the time of making managerial decisions at various levels of company management. To do this, it is necessary to study in more detail what costs are and how they can be influenced, to obtain a detailed description of the relationship between costs, output and profit. To manage costs, it is necessary to make a competent grouping of overhead or indirect costs. The article outlines analyze the current cost accounting system at the enterprise and develop proposals for improving the organization of cost accounting, which will improve the quality of financial information, based on which the enterprise management makes management decisions. As a result of the study, proposals were developed for the management of the company that contribute to reducing costs, with the condition that the level of quality of manufactured products, safety equipment and social conditions of staff is maintained.

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This article is distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license, and indicate if changes were made.

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Publisher

European Publisher

First Online

25.09.2021

Doi

10.15405/epsbs.2021.09.02.110

Online ISSN

2357-1330