Features of the formation of the cost management system in international business

Natalia Duliaba, Svitlana Honchar


Introduction. In the conditions of the dynamic development of the economies of different countries, their constant influence on the possibilities of cooperation between companies that strive to achieve success and high efficiency of their activities both in strategic and tactical terms, made it necessary to characterize the features of the formation of the cost management system in international business.

Purpose. The purpose of the article is to determine the peculiarities of the formation of the cost management system in international business.

Method (methodology). The theoretical and methodological basis of the research was modern theories, concepts, scientific achievements of domestic and foreign scientists in the field of cost management and budgeting. The study of the composition of the cost management system, the essence of the constituent elements was carried out using scientific abstraction, terminological and comparative analysis and synthesis; studying the relationships between the constituent elements of the cost management system and model formation - modeling methods, system-functional and functional-structural methods.

Results. In the process of researching the peculiarities of the formation of the cost management system of international business, it was determined that the main elements of such a system include: subjects (owners, managers and staff of any level), objects (costs formed by places of origin, centers of responsibility and types ), general functions of management, which are implemented through specific management tools (leverages) in international business; an important role is played by regulatory and methodological support.

In essence, the cost management system in international business represents the implementation of general management functions through specific management tools used by management entities in relation to costs, including the costs of the enterprise's international activities. It is in the peculiarities of the implementation of management levers that the business's affiliation to international markets should be reflected.

It was determined that the substantiation of the decision regarding the implementation of international business, the expenditure of resources in this regard is carried out through the planning function; the organization is aimed at the formation of effective interaction between the centers of responsibility in compliance with the norms of international law and the legislation of the partner states; stimulation of cost savings in international business aimed at ensuring the rational use of resources, determining the optimal logistics scheme, intended to ensure the achievement of profit targets and business development; in order to optimize costs in international business, the accounting methods most relevant to the specifics of the business should be used, the analysis models adequate to the requests, the purpose of implementing control measures; regulation as a management function is aimed at the implementation of management decisions formed based on the results of monitoring.

The model of the cost management system of international business reflects the relationship between the constituent elements, their totality is aimed at ensuring high results of business structures and ensuring the achievement of strategic plans.


economic activity; accounting and analytical support; trading company; information; stakeholders; stages of information processing.

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DOI: http://dx.doi.org/10.35774/econa2022.03.247

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Science Works Journal "Ekonomichnyy analiz"

ISSN 1993-0259 (Print)  ISSN 2219-4649 (Online) DOI: 10.35774/econa

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