WAYS AND METHODS OF REDUCING PERIOD COSTS

Abstract

This article analyzes the main ways and methods of reducing period costs in enterprises. The impact of period costs on the financial results of enterprises and the mechanisms for their effective management are examined. In addition, the possibilities of increasing the profitability of enterprises through the optimization of management costs, administrative expenses, and selling expenses are highlighted. The study substantiates that rational use of resources, application of modern management methods, and improvement of the cost planning and control system are important factors in reducing period costs.