Enhancing cost accounting processes in response to rising input prices and inflation

Amid rising input costs and persistent inflationary pressures in 2025, the refinement of cost accounting processes has become critical for businesses seeking to control costs, accurately determine production expenses, and support timely managerial decision-making. This study examines the prevailing cost and inflationary conditions in Vietnam in 2025 and analyzes the role and essential components of effective cost accounting systems. The study highlights how well-designed cost accounting processes contribute to improved cost control and enhanced management efficiency in business operations.