Theoretical Foundations of Cost Management in an Organization

Abstract

In this article, the authors consider the theoretical foundations of cost management in the organization, in particular, the definition for "costs", "expenses", "costs" of the organization, shows their role in financial management, reveals the differences in the concepts of costs, costs and expenses. Special attention is paid to classification of the purposes of costs depending on the phase of operation of the business, selected items, expenditure on General planning, regulation and control is considered as a method of evaluating the effectiveness of the company Much attention is paid by the authors to the process of cost management, the process of allocating costs in the cost of production of the enterprise and the process of calculating the cost of production.