ABSORPTION COSTING AND ACTIVITY-BASED COSTING METHODS IN MANUFACTURING AND SERVICE SECTORS

Sa`dullayeva Sayyora Nasillo qizi

Актуар молия ва бухгалтерия ҳисоби · 2024-yil

Annotatsiya

This article is about cost management systems which play a crucial role in organizations by providing a structured approach to monitor, control, and optimize costs. These systems are researched to track and analyze expenses across various departments and activities, enabling businesses to make informed decisions and improve their financial performance. From a strategic perspective, cost management systems help organizations identify cost drivers, understand cost behavior, and allocate resources effectively. They also facilitate budgeting and forecasting processes, allowing businesses to set realistic financial targets and monitor their progress. When it comes to the importance of cost management systems, different stakeholders have varying perspectives. From the perspective of top management, these systems provide valuable insights into cost structures and help identify areas of inefficiency or waste. This enables management to take proactive measures to reduce costs, enhance profitability, and gain a competitive edge in the market. For finance departments, cost management systems streamline financial reporting and enable accurate cost allocation, ensuring compliance with accounting standards and regulations.

Maqola ma’lumotlari
MualliflarSa`dullayeva Sayyora Nasillo qizi
JurnalАктуар молия ва бухгалтерия ҳисоби
Nashr sanasi2024-12-30
Jild4
Son11
Betlar131-136
TilIngliz
DOI10.55439/afa/vol4_iss11/782

Kalit so‘zlar

Accountants, traditional costing, indirect costs, cost driver, cost estimates, activity-based costing, cost behavior, business operations.

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