The Concept of Costs In Management Accounting and the Importance of Cost Classification

The article is devoted to the issues of accounting for production costs and grouping costs. The article discusses the classification of costs in the form of a review and the grouping of costs in the interpretation of various authors. Aspects of the concepts of cost accounting and product calculation are constantly on the agenda of discussions of scientists and practitioners. In addition, in practice, this issue is very important, especially in the context of modern business development. The need to classify production costs arises from the tasks of cost management in companies that establish objects, operating cost groups and the processes of their formation. The classification of costs should meet the main task – to be based on the features that make it possible to distinguish between the costs of their management in order to reduce costs per unit of product