An article titled “Cost Analysis: What Methods Are Used in Practice?” was published in the “Planning and Economic Department” journal

The article featured contributions from Alexander Vysotsky and Sergey Cheklomin, the financial director of BB Founders Board.

Alexander Vysotsky shared his opinion that the methods for calculating cost depend on the type of enterprise. He discussed what cost formation includes and his methods:

- Process costing method;

- Job order costing method;

- Standard costing method.

Additionally, Alexander Vysotsky emphasized that besides calculating costs, it is important to focus on cost optimization.

Sergey Cheklomin explained that a detailed analysis of costs by expense categories should be conducted when critical values are reached. He also shared how Business Booster analyzes financial indicators, what pricing method they use, and why.