DOI: https://doi.org/10.36719/2706-6185/46/7-14
Mehdi Baghirov
Azerbaijan State Oil and Industry University
Doctor of Economics
https://orcid.org/0009-0000-4111-8978
m.bagirov.edu@mail.ru
Suat Gasimov
Nakhchivan State University
Master student
https://orcid.org/0009-0008-5584-7467
suat72202@gmail.com
Industrial Sector and Administrative Expenses: at Field Level
Cost Nomenclature
Abstract
Purpose of the research – To clarify the nature and content of administrative expenses, which differ in their functions and significance in the activities of economic entities in the industrial sector, as well as their scope and internal classification.
Research methodology – Observation, grouping, comparative analysis, induction, absolute and relative quantities, deduction, and the balance method were used.
Research results – Based on the specifics of the study, the costs were systematically classified, distinguishing administrative characteristics within those activities, forming a comprehensive internal classification of administrative-economic costs, and evaluating this expense group in the context of financial and managerial accounting.
Theoretical and practical significance of the research – Expressing the continuous organization of administrative-management and similar activities by industrial entities in a systematic way; analyzing administrative expenses from various perspectives within enterprises by considering necessary limits and specific weights; and evaluating administrative costs across various projects in an organized manner within unified cost aggregates.
Originality and scientific novelty of the research – Evaluation of the possible acceptable behavior patterns of administrative-economic and management expenses; providing a unified approach to the numerous perspectives on these costs; and monitoring this cost group within different configurations.
Keywords: accounting, cost elements, administrative expenses, cost nomenclatures, cost control