The Cost Of Forming A Management Account In Business Entities

Abstract

In this article, the importance and necessity of quick decision-making in management to ensure the economic stability of economic entities, including analyzes of approaches aimed at revealing the content and essence of management accounting, specific measures aimed at finding solutions to existing problems in the field and preventing them, scientific proposal and We have developed recommendations.

        As a result of the low efficiency of financial and economic growth in any economic entities, the level of importance of trust in management and financial reports of attracted foreign investors decreases. These negative conditions cause the implementation of future strategic development plans to be at great risk.

        If we look at the economy of stable and developed countries, it can be observed that economic stability is ensured due to quick strategic and tactical decision-making in order to make economic entities competitive. It should be noted that it is very difficult for business entities engaged in any production activity to achieve efficiency in development if they do not systematically consider the possibilities of reducing the cost of their products along with the proper organization of their management account. Based on the above, it is urgent to develop systematic proposals aimed at solving the existing problems in order to ensure the achievement of the goals, the essence and importance of the management account, tasks, organization of the management account.