The standard-cost system in management accounting

This article reveals the issue of cost accounting according to the standard-costing system. The article discusses the basic principles of the formation of management accounting according to the standard-costing system, its features, advantages and disadvantages. The steps necessary for the successful installation of the standard-costing system in the organization are described in detail. It is emphasized that the standard-costing system is a management accounting method that allows you to present information about costs and revenues in a simple and understandable way through the identification of deviations.