COST MANAGEMENT IN ENTERPRISES: THEIR IMPORTANCE AND ADVANTAGES

Abstrakti

We know that every enterprise needs to systematically manage its expenses as well as its income. On the one hand, Cost Management is a process that includes creating estimates, preparing budgets, and controlling costs. The purpose of this type of management is to increase the efficiency of the organization and increase profitability. Studying cost management will help you better understand how a company identifies and categorizes costs according to project requirements and why they play an important role in planning, controlling, and decision making.