Nigora Sultanova,
Doctoral student at Tashkent State University of Economics,
Tashkent, Uzbekistan. Email: nigoraxon.sultanova.1992@gmail.com
ORCID: 0009-0008-6469-6322
Abstract: Amidst profound shifts in the global economy and intensifying market competition, fluctuations in raw material prices and rising labor costs are constantly squeezing the profit margins of enterprises. Accordingly, strengthening cost control has become a key issue in achieving sustainable development. Management accounting, in turn, has a special value in controlling the costs of the enterprise as a key tool aimed at internal management and covering the entire process of value creation. It not only provides multidimensional information support for costs but also offers diversified control methods and ensures the effective implementation of the control process. Based on the relationship between management accounting and enterprise cost control, this article provides an in-depth analysis of its specific applications in cost forecasting, decision-making, control, and efficiency assessment. In addition, it proposes targeted measures to increase the effectiveness of their application, including raising awareness, improving employee qualifications, strengthening information technologies, and introducing reliable rules. The goal is to provide enterprises with systematic theoretical guidance and practical guidance for optimizing cost management models and increasing market competitiveness. This article examines the role of management accounting in improving enterprise cost control amid intensifying global competition and rising operational costs. The study emphasizes that traditional financial accounting systems are insufficient for the modern business environment due to their retrospective orientation, while management accounting provides forward-looking, process-oriented tools that support effective decision-making and cost optimization. The article examines the close relationship between managerial accounting and cost control, emphasizing its ability to generate detailed and multidimensional cost data. It discusses key methodologies such as activity-based costing (ABC), standard costing, and target costing, and shows how these approaches improve cost allocation accuracy and identify inefficiencies in production and operations. Special attention is paid to four important stages of the practical application of management accounting: cost forecasting, decision-making, control, and performance evaluation.
Keywords: management accounting; cost forecasting; control of enterprise expenses; protective measures.