Abstract:

Objective – Determination from the cognitive perspective of the conditions limiting the use of modern cost management tools (activity-based costing, time-driven activity-based costing, target costing, and continuous improvement costing) in improving the efficiency of the use of company resources in accordance with the concept of the circular economy. Research methodology – The source analysis method, including domestic and foreign literature, was used. Outcome - The article shows the legitimacy of implementing and using modern cost management tools in the era of striving for a new management model – a circular economy. Originality/value – In the dynamically changing economic conditions, limiting yourself to reporting cost accounting is not enough, but managerial variants of cost accounting should be implemented. The added value of the article is to show that the assumptions of activity-based costing, time-driven activity-based costing, target costing, and continuous improvement costing are part of the circular economy.