SPEСIFICS OF MAIN PRODUCTION COST ACCOUNTING AND COST CALCULATION METHODS
Keywords:
accounting of costs, production cost, cost estimation, management accounting, reform of economy, methods of costing, Uzbekistan, control of costsAbstract
This article assesses the focus areas of cost accounting and cost calculation as the vehicle of main production cost strategy relevant to enterprise management. Using international theories as well as Uzbekistan’s legal-economic backdrop, the study examines various costing models including job order, process, standard, and activity-based costing. A multifaceted analysis of international literature has been conducted to identify novel approaches alongside domestic frameworks, as well as local best practices. In addition, the article looks into pertinent laws, decrees, and reforms of Uzbekistan with a view toward enhancing cost clarity for the industry and its operational economical efficiency. The analysis maintains that effective cost management in industrial production systems could be achieved by combining precise accounting frameworks, enabling policies, and electronic tools. Suggested have been ways to improve Uzbekistan’s approach to align with global practices through education, policy implementation, and technological integration.
