COST MANAGEMENT IN SMES AS A TOOL OF COMPANY PERFORMANCE INCREASING

Cost management is currently considered as an important area of financial management of business subjects. The situation in small and medium-sized enterprises is not an exception. Monitoring of the corporate performance, analysis of financial, asset and income situation, assessment of achieved results, identification of opportunities and threats are part of a responsible and high-quality company management. Management of small and medium-sized enterprises is under the pressure of economic, social and political changes. The aim of this paper is to analyse the possibilities small and medium-sized enterprises in the field of cost management which will ensure the desired enterprise performance, competitiveness and the fulfilment of business objectives.