Keywords
control
audit
business entity
accounting policy
information support
reporting
enterprise management
taxation
sustainable development
How to Cite
Abstract
The article examines the theoretical foundations and practical approaches to estimating expected costs in the management decision-making system. In conditions of growing economic instability and high dynamics of the external environment, effective management of enterprises is impossible without reliable forecasts of future costs. Modern business conditions are characterized by a high level of turbulence in the external environment, which requires enterprises to be more flexible in managing resources. One of the key tools of strategic and operational management is estimating expected costs. Successful cost forecasting allows the management of the enterprise to make informed decisions regarding resource provision, budget development, investment and pricing policy. The relevance of the topic is due to the need to increase the accuracy of management decisions by integrating tools for estimating expected costs into the processes of strategic and operational planning. The problem is the lack of unified approaches to cost forecasting taking into account uncertainty and risks, which limits the possibilities of effective budgeting, project profitability analysis and resource management. The purpose of the article is to develop a theoretical and methodological approach to estimating expected costs as a tool to support management decisions in business. As a result, it was found that estimating expected costs allows reducing the risks of unsuccessful management decisions, increasing the accuracy of financial planning and ensuring the adaptability of the enterprise to changes in the external environment. The proposed approaches are recommended to be implemented in systems of strategic and medium-term budgeting, planning of investment projects and cost management under conditions of uncertainty. Estimating expected costs is an important forecasting tool that contributes to making informed management decisions. The results of the study can be used to build budgeting models, optimize costs and increase the economic security of business entities.
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