The National Transport University Bulletin

Abstract

The article is devoted to the substantiation of the scientific-theoretical and accounting-analytical principles of cost control of business entities in modern conditions. The object of the research is accounting and analytical provision of cost control in modern economic conditions. The purpose of the work – the purpose of writing this article is to analyze the available tools for accounting and analytical support for strategic cost control and to develop proposals for improving indicators of the efficiency of the use of production resources at domestic enterprises. The research method is a theoretical and legal justification of the processes related to the accounting and analytical provision of cost control of economic entities. The process of integration of the country into the world community puts forward new requirements for information support of management processes at different levels of management. The assessment of the competitiveness of economic entities requires special attention. In this context, high-quality accounting and analytical support for the management of economic activity is an important element of the revival of production potential. The study showed that the role of control at machine-building enterprises is not limited to purely internal economic functions. It is a tool for analyzing competitiveness and evaluating the efficiency of economic activity from the point of view of the applied production technology. At the current stage of the development of accounting theory, there is a need for new forms of presentation of economic information that would adequately reflect economic events related not so much to the quantitative and cost parameters of production, but also to the qualitative side of the economic process, due to the existence of a certain market environment, development NTP and the emergence of new types of assets that cannot be clearly measured by a monetary indicator. It is expedient to control the efficiency by comparing the indicators of the economic entity with reference values in the industry, which will allow to receive unbiased and reliable information about the efficiency of the production process and the competitiveness of the economic entity. In order to improve the quality of information support for the management of economic activity, it is proposed to introduce the following indicators into the practice of internal control: the ratio of above-standard costs and the ratio of reference costs. The implementation of these indicators will allow to control the competitiveness of the enterprise and evaluate the efficiency of the production process from the point of view of approaching the indicators of the best manufacturers in the industry.

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