Cost management of enterprises based on the concept of sustainable development

Abstract

Introduction. One of the factors that affects the effectiveness of the cost management system is the formation of an effective methodology for determining the cost of production, which would contribute to successful pricing and the success of the enterprise in the long term. In this process, it is necessary to take into account that recently business structures have undergone fundamental changes that relate to the gradual introduction of the concept of sustainable development into the mechanisms of management decision-making.

Purpose. The article is devoted to the issues of improving the theoretical and methodological principles of cost management of economic entities based on the existing achievements of economic science and taking into account the positional foundations of the concept of sustainable development of enterprises. In this regard, it is appropriate to analyze the existing cost management systems and the latest trends in the development of management as a science, as it will make it possible to identify the shortcomings of current methods, as well as outline ways to eliminate them and adapt them to conceptual changes in economic realities.

The methodology of this study is based on the systematization, timing and analysis of existing scientific works, as well as the foundations of the theory of management decision-making.

Results. In order to achieve the established strategic goals in the cost management of the enterprise, its managers are suggested, based on the assessment of the internal and external environment, to choose the appropriate methodology, which should include the following elements: methods of measurement, accumulation, attribution of costs per unit of production, as well as methods of drawing up and analyzing management reports accounting for the development of alternatives. The emergence of the concept of sustainable development became a new stage in increasing the responsibility of managers in terms of decision-making regarding the use of resources. Currently, when choosing the optimal alternative, it becomes almost impossible to ignore the social and environmental consequences of its practical implementation without losing reputation, prospects for further successful functioning. At the same time, the sphere of influence of persons responsible for decision-making expanded to the limits of the influence of factors of indirect influence. Cost management methods based on the concept of sustainable development of the enterprise require further development.