Abstract
The purpose of the study is to analyze the functions of a cost management system in modern organizational management. Based on general scientific research methods and an expert survey, the key functions of cost management are defined. The authors justify the feasibility of developing a cost management system with the determination of cost management functions. The key approaches to cost analysis are formulated. It is important to ensure stable connections between the elements of the management system at the management level of the business hierarchy during the implementation of cost management functions. Moreover, one must build a mutual cost regulation mechanism at the stages of planning, organization, technological process development, and production, i.e. during the creation of the entire business process. There is a need for coordinated work by all the structural departments at the enterprise with strong horizontal and vertical logistical connections and established responsibility centers during the development of the general management system that the cost management system should be integrated into it. The tried and tested communication plan for information transmission and coordination between structural units at an enterprise determines the efficiency of the management and control systems aimed at maximum impact from management at the executive level when management decisions are made. The practical significance of analyzing the functions of cost management systems in a modern organization management system consists in increasing the efficiency of management decisions made based on the data from the analytical assessment of the costs of the enterprise. The theoretical significance lies in the chance to use the study results during the development of a general organization management system.
Highlights
In day-to-day operations, all business entities spend certain resources on production, management, sales, purchasing, and the like
The first is associated with a variety of different types of costs, which contributes to their classification for generalization, to optimize the formulation of management accounting at enterprises
The third problem lies in the impossibility of accurately measuring the composition of costs, which affects the implementation of accounting operations and, the financial result of the enterprise as a whole
Summary
In day-to-day operations, all business entities spend certain resources on production, management, sales, purchasing, and the like. In today's conditions, some of the important issues of the enterprise management system are the assessment of the cost level and the search for ways to reduce them and the study of sales markets for products (goods, services) to obtain the maximum income. The stability and development of any business entity in a competitive market will depend, first of all, on the creation of an effective cost management. The second problem lies in the change in the composition of the costs themselves. The third problem lies in the impossibility of accurately measuring the composition of costs, which affects the implementation of accounting operations and, the financial result of the enterprise as a whole
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