COST ACCOUNTING APPROACHES AND PRACTICES AND THEIR APPLICATION IN COMPANIES

Abstract

Cost accounting plays an essential role in the management and decision-making of companies by providing detailed and accurate data on the costs involved in manufacturing and selling products or services. This knowledge is crucial for carrying out an in-depth analysis of the organization's financial performance, identifying areas for improvement and developing strategies to reduce costs and maximize profitability. This study, which used a qualitative approach and analyzed 15 selected articles on the topic, had as its main objective to examine the impact of cost accounting on companies. The conclusion revealed that cost accounting not only contributes to the effective management of financial resources, but also improves internal processes, establishes more competitive sales prices and identifies waste. Furthermore, this practice is essential for evaluating the performance of employees and departments, encouraging the search for greater efficiency and effectiveness.