Issues Of Managerial Accounting Methodology

2012 ◽  
Vol 4 ◽  
Author(s):  
Barulina E.V ◽  
Barulina M.S
Keyword(s):  
Financial Planning ◽  
Planning Process ◽  
Management Accounting ◽  
Process Research ◽  
Financial Accounting ◽  
Added Value ◽  
Economic Interest ◽  
Managerial Accounting ◽  
Economic Costs

This article deals with management accounting, its role and objectives during financial planning process. Research of on American, German and Russian scientists are also considered. Author formulates his own definitions of aims of management accounting, highlighters that object of financial accounting have to include economic costs, economic revenue and economic added value, economic interest. More  over Author defines methods of managment accounting.

PROFESSIONAL DOMINANCE: THE RELATIONSHIP BETWEEN FINANCIAL ACCOUNTING AND MANAGERIAL ACCOUNTING, 1926–1986

2002 ◽  
Vol 29 (2) ◽  
pp. 91-121 ◽  
Author(s):  
Alan J. Richardson
Keyword(s):  
Management Accounting ◽  
Financial Accounting ◽  
Managerial Accounting ◽  
Letters To The Editor ◽  
Management Accountants ◽  
Professional Dominance ◽  
The Relationship

This paper examines the relationship between financial and managerial accounting as reflected in articles, editorials and letters to the editor published in Cost and Management, the Canadian trade magazine for management accountants, between 1926 and 1986. It has been claimed that during this period management accounting techniques lost their relevance to manufacturers, in part, due to the dominance of financial accounting over managerial accounting. This is also the period in which management accounting struggled to become recognized as a profession distinct from financial accounting. The analysis thus focuses on the jurisdictional dispute between financial and managerial accounting and the mechanisms by which managerial accounting was subordinated to financial accounting. The paper identifies the technical, organizational and professional mechanisms used to subordinate managerial accounting. The paper also demonstrates that management accountants were aware of the consequences of their relationship to financial accounting for the relevance of their techniques. Contemporary events suggest that the intersection of financial and managerial accounting remains disputed territory.

scholarly journals FINANCIAL ACCOUNTING TOOLS ON DIFFERENT STAGES OF FINANCIAL PLANNING

2020 ◽  
Vol 4 (24) ◽  
pp. 89-96
Author(s):  
Alla Fatenok-Tkachuk Alla
Keyword(s):  
Financial Planning ◽  
Process Management ◽  
Planning Process ◽  
Financial Accounting ◽  
Planning Period ◽  
Investment Activity ◽  
Analytical Work ◽  
Group Information ◽  
Work Planning

The article actualizes the expediency of accounting support of the financial planning process in order to minimize costs. Accounting procedures are identified at each stage of financial planning. It was systemized the accounting registers, which are used to group information about the assets and liabilities of the enterprise during the reporting period. Such information is used in analytical work, planning, budgeting and business process management. In each group of registers was identified information that can be used in financial planning. The forecast indicators of the plan of incomes and expenses from operational, financial and investment activity of the enterprise were systematized. Emphasis is placed on the expediency of forming a plan of cash receipts and expenditures in order to monitor the provision of solvency at all stages of the planning period. It was carried out the classification of forecast indicators of the plan of receipts and expenditures of cash in the context of indicators of operating, investment and financial activities. Moreover it was performed the analysis of the structure of the balance of monetary resources as the final document of the current financial plan.

scholarly journals The Big Data Era: What are the Implications for the World of Accounting?

2020 ◽  
Vol 17 (2) ◽  
pp. 248-254
Author(s):  
Rokhmat Taufiq Hidayat ◽  
Akhmad Khabibi
Keyword(s):  
Information Technology ◽  
Big Data ◽  
Financial Accounting ◽  
Unstructured Data ◽  
Added Value ◽  
Managerial Accounting ◽  
Business World ◽  
The World ◽  
Oxford Dictionary ◽  
Definition Of

In an era where information technology is developing so rapidly as it is now, contact with technology is inevitable. One that may often be heard is the use of big data. Although the development of big data has begun long before, its growth began rapidly since the Oxford Dictionary included the definition of big data in 2013. The use of big data is thought to have a big influence on the business world, and anything that influences the business world will certainly affect the world of accounting. Does the accountant anticipate these changes? In this article, the author tries to explore what allusions might occur between the world of accounting and big data. Big data will increase the complexity of the accounting world by adding unstructured data in the accounting cycle. This presents a challenge for accountants but can also provide far greater added value if accountants are able to use it well. The results of this study indicate that there are at least 3 areas in the field of accounting that are very likely to be exposed to the use of big data, namely in the process of financial accounting, managerial accounting, and auditing

scholarly journals Accounting Data and the Balanced Scorecard - Goals and Indicators

2021 ◽  
Vol 4 (1) ◽  
pp. 116
Author(s):  
Musinszki Zoltán ◽  
Süveges Gábor Béla
Keyword(s):  
Balanced Scorecard ◽  
Management Accounting ◽  
Research Question ◽  
Financial Accounting ◽  
Strategic Decision ◽  
Managerial Accounting ◽  
Accounting Systems ◽  
Accounting Data ◽  
The Balanced Scorecard ◽  
Strategic Goals

In their study, Relevance Lost: The Rise and Fall of Management Accounting, Johnson and Kaplan concluded that management accounting systems since the 1980s have failed to meet the new challenges of a changing environment. Among other things, because managerial accounting has been subordinated to the needs of financial accounting. Financial accounting cannot provide adequate information to management and does not support strategic decision making. The reason for this can be found in the operational logic of financial accounting. Financial accounting is past-oriented, it evaluates (economic) events in money, and thinks in the short term. Would all this mean that financial accounting data cannot be used to support long-term decisions? In our study, we point out the connection between financial accounting data assets and strategic decision support. Our research question focuses on how financial accounting data, including an invoice issued by a company, can be used in Balanced Scorecard perspectives. Based on the content of the Balanced Scorecard, we want to point out where and what kind of relationship can be observed between financial accounting data assets and the BSC. Through a case study, we will present the strategic goals as well as the indicators suitable for measuring the goals. These will be presented for all aspects of the Balanced Scorecard.

scholarly journals TRANSFORMATION OF BASIC APPROACHES TO THE ORGANIZATION OF MANAGEMENT ACCOUNTINGUNDER THE CONDITIONS OF GLOBALIZATION

2021 ◽  
Vol 1 (36) ◽  
pp. 99-107
Author(s):  
T. Marenych ◽  
L. Polyvana ◽  
L. Kyrylieva ◽  
D. Shekhovtsova
Keyword(s):  
Management Accounting ◽  
Financial Accounting ◽  
Common Interest ◽  
Accounting System ◽  
Managerial Accounting ◽  
Accounting Principles ◽  
Principles Of Accounting ◽  
Business Entities ◽  
Global Principles ◽  
The Impact

The role of the generally accepted principles of accounting for the organization of both financial accounting and management accounting in enterprises of Ukraine is determined. A number of specific principles that are not used by the financial accounting system but are the basis for management accounting are explored. It is proved that the list of principles of management accounting is more extensive than generally accepted. Three approaches to the identification of principles of management accounting are distinguished. Management accounting is based on generally accepted principles of accounting, (financial) accounting and specific principles of managerial accounting; principles of accounting (financial) accounting, general and specific principles of managerial accounting; only on general (or own) principles. The essence of the principles of managerial accounting was explored and their features were determined due to the specifics of the subsystem of accounting and the use of a variety of accounting techniques. Four global principles of managerial accounting are highlighted: communication generates information that has an impact; information is relevant; the impact on value is analyzed; intelligent management builds trust. The essence of the global principles of management accounting is revealed and their significance for key areas of activity is clarified. It is proved that nowadays the global principles of managerial accounting are recommendatory, but accounting regulators in the future offered to mandatory use by enterprises of public interest. A list of specific principles of managerial accounting is proposed; it allows deepening the disclosure of its essence, main tasks and functions. Interdependence of the principles of financial accounting and management accounting in decision making is determined. It was possible to build a pyramidal model with isolation. Given the close relationship between the principles of accounting, the global principles of managerial accounting and the specific principles of the latter, their hierarchical interdependence proposed a pyramid model of accounting principles in a globalizing environment, the use of which will allow companies of  the common interest to build a rational system of managerial accounting that will meet international requirements of the accounting regulators and form a fundamental accounting and analytical framework providing management of business entities.

Managerial Accounting - an Essential Component of the Information System

2018 ◽  
Vol 9 (2) ◽  
pp. 109-114
Author(s):  
Gheorghe Andrei ◽  
Raluca Gâlmeanu ◽  
Florin Radu
Keyword(s):  
Information System ◽  
World Wide ◽  
Third Parties ◽  
Added Value ◽  
Managerial Accounting ◽  
The Past ◽  
Economic Information ◽  
Wide Scale ◽  
Traditional Costing ◽  
New Guidelines

Abstract Accounting it’s an important component of the economic information system. E. Horomnea believes that through specific means and procedures, accounting provides: clarifications of the past and the present of the economic entities, pertinent analyzes that are directed to the market; provides guidance on the strategic future; provides motivations and solutions for the decisions made. This article will analyze the evolution of managerial accounting from traditional costing to the new guidelines, when the issue of creating added value and managing third parties needs represents the future of any information system. After 1987 there are continuous changes and concerns, not only at Romanian level but at world wide scale.

Analysis of the Relationship between Management Accounting Attributes and the Planning Process

2007 ◽  
Author(s):  
Fábio Frezatti ◽  
Andson Braga Aguiar ◽  
Reinaldo Guerreiro ◽  
Maria Aparecida Gouvêa
Keyword(s):  
Planning Process ◽  
Management Accounting ◽  
The Relationship

Hamlet, The Ballet

2019 ◽  
pp. 428-454
Author(s):  
Jo Butterworth
Keyword(s):  
United Kingdom ◽  
Research And Development ◽  
Creative Process ◽  
Planning Process ◽  
Process Research ◽  
Original Play

Through the themes of literacy and polysemanticism, materiality and signification, this chapter investigates the creative and rehearsal processes of the choreography for David Nixon’s ballet Hamlet (2008) for Northern Ballet, United Kingdom. The chapter investigates the planning process, research and development sessions, choreographic approaches, dramaturgical guidance, and scenographic choices in this work. Questions are raised about the semiotic, aesthetic, and creative approaches of the choreographer and devising team. In Hamlet the ballet, the sociology of the original play and change of location—i.e. dominance of Nazism, ideology, historical conflict—influenced the creative process and the spectator’s reception of the work. But in what other ways can a non-text-based medium communicate the essence of the play?

scholarly journals Conceptual Model for Integrating Environmental Impact in Managerial Accounting Information Systems

2021 ◽  
Vol 18 (4) ◽  
pp. 1791
Author(s):  
Sorina Geanina Stanescu ◽  
Ion Cucui ◽  
Constantin Aurelian Ionescu ◽  
Liliana Paschia ◽  
Mihaela Denisa Coman ◽  
...  
Keyword(s):  
Environmental Impact ◽  
Technological Process ◽  
Economic Activity ◽  
Management Accounting ◽  
Environmental Accounting ◽  
External Information ◽  
Accounting System ◽  
Managerial Accounting ◽  
Main Research ◽  
Environmental Management Accounting

The main research objective is to develop a conceptual accounting model to reflect the environmental impact generated by the economic activity of Romania’s entities. In order to identify the current stage of the use of environmental accounting by the Romanian economic entities, the questionnaire used was based on a random sample of 377 entities whose economic activity has a significant impact on the environment. The results suggest the need to develop a model for integrating environmental impact into accounting. The model is based on the description of the technological process and determination of the environmental impact on each activity, stage, or procedure of the technological process, which enterprise will integrate its monetary value in the cost of production and will reflect it in the management accounting system, using specific environmental accounting instruments. The model involves five stages, and by combining internal and external information provided by environmental management accounting is a relevant source for substantiating decisions to promote environmental responsibility in Romanian companies.

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