Financial management methods and ways to optimize costs

Abstract

The article discusses financial management methods and ways to optimize costs. Management of the cost of production of enterprises is a systematic process of formation of costs for the production of all products and the cost of individual products, control over the fulfillment of tasks to reduce the cost of production, identification of reserves for its reduction. Enterprise cost management is a component of the enterprise management system as a whole. Therefore, in general terms, let us dwell on some aspects of enterprise management in order to understand the essence of cost management. Management - the activities of an enterprise aimed at realizing the objectives of the management object, subject to the rational use of available resources.

Keywords

• financial methods of management
• costs
• management
• prime cost