MANAGEMENT ACCOUNTING AS A TOOL FOR COST MANAGEMENT

Abstract

Annotation

In the current economic situation in the country and the world for many enterprises, the introduction and development of management accounting is becoming increasingly important. Management accounting is a cost management tool and ultimately provides a more flexible application of methods for collecting and summarizing information about costs and providing it to the company's management for management decisions. In turn, the adoption of business decisions in the field of achieving competitive advantages in order to maximize profits is impossible without high-quality information that will reflect the real state of affairs in the enterprise.

Within the framework of the article, the theoretical aspects of the concepts of "accounting financial accounting" and "accounting management accounting", their main elements and significant differences are considered, a comparative analysis of the organization's costs in the framework of financial and management accounting is carried out, the importance of accounting and reflecting depreciation costs when calculating the cost of production is proved. (works, services). The article gives an example of depreciation in various ways, an assessment of the results of the calculation in the framework of cost management is given.