ESSENCE OF COSTS AS ECONOMIC AND ANALYTICAL CATEGORY IN ACCOUNTING

It is the "production cost" that takes one of the most important places in the system of basic indicators of any organization performance. The components of the production cost are determined by the costs that form it. The costs themselves are different both in stricture and in connection with producing process. Some of them are directly related to production, others correlate with management and production maintenance, and some are included in production cost. The purpose of this article is to examine in more detail the definition and essence of "costs", "expenses" and "outlay" concepts from the perspective of different areas representatives, and to make a comparative analysis of the above categories from the financial and tax accounting position.