Classification of costs in management accounting

In the course of the study, various signs of cost classification in management accounting proposed by scientists were considered. Special attention is paid to the allocation of transformational and explicit transaction costs. The importance of highlighting transformational costs, explicit transaction costs and implicit transaction costs in determining economic profit is emphasized. Implicit transaction costs include losses and lost profits. This article also presents the step-by-step formation of accounting and economic profit. That is, economic profit is equal to accounting profit minus additional expenses, which include implicit transaction costs.