Home  Journals  Regional Economics: Theory and Practice  10(517) - 2023 October

Innovations in scientific and practical approaches to the concepts of management accounting, excess costs and direct costs

Received: 27 January 2022

Received in revised form: 25 March 2022

Accepted: 6 September 2023

Available online: 16 October 2023

Subject Heading: SOCIOECONOMIC POLICY

JEL Classification: М11, М41

Pages: 1881–1892

https://doi.org/10.24891/re.21.10.1881

Subject. This article discusses the problems of correct cost accounting and cost formation.
Objectives. The article aims to conduct a critical analysis of the basic concepts' definitions, related to the field of accounting.
Methods. For the study, we used general scientific research methods.
Results. The article proposes an original interpretation of management accounting as a system that on the basis of information about the economic activity of the enterprise, ensures the adoption of well-grounded management decisions by managers of different levels.
Conclusions. The results of the study can be used by financial workers in the process of documenting production costs.

Keywords: management accounting, excess costs, direct costs, costing, unfinished production

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