Development of Theories of Cost Management and the ResearchTrend

Before the 20th century,the theory of cost management was in its infancy whose focus was placed on afterreflectionThe mid20th century saw the development of management theory,and with it came the evolution of the core of cost management theories from the passive afteraccounting to concurrent control which resulted in the formation of traditional cost management theories.In the last decades,the changs in the operation environment of enterprise were presenting challenges to the traditional cost management model,and the focus of cost management was shifting from concurrent control to precost prediction and precost planningAnd a new type of cost management model,strategic cost management,has thus come into being,which,supporting the development strategies of enterprises,marks the growing maturity of cost management theories.This paper describes the four stages of development of cost management theories,reveals their features and significance,and predicts the trend of cost management research