ACCOUNTING AS A TOOL FOR COST MANAGEMENT AND CONTROL OVER THEIR FORMATION

UDC 657.47
DOI: 10.36871/ek.up.p.r.2023.05.02.010

Authors

Aleksandr M. Galaida,
Plekhanov Russian University of Economics, Moscow, Russia

Abstract

A rationally built system of registration, systematization and presentation of information through accounting tools about factors influencing the performance of an economic entity in conditions of increasing instability and uncertainty, significantly affects the adoption of timely, operational management decisions. And also allows you to organize subsequent control over its execution. The main indicator that directly affects the final financial result – the cost of sales consisting of direct and indirect costs – is the subject of the study.

Keywords

management and control, cost accounting, objective information, strategic decisions, institutionality, fixed tax expenses, fair value.