scholarly journals Standardization of Russian Management Accounting as a Condition for its Further Development

2018 ◽  
Vol 5 (3) ◽  
pp. 72-81 ◽  
Author(s):  
M. A. Vakhrushina
Keyword(s):  
Institutional Environment ◽  
Negative Impact ◽  
Management Accounting ◽  
Educational Process ◽  
Accounting System ◽  
Negative Consequences ◽  
Managerial Accounting ◽  
Scientific Publications ◽  
Business Entities ◽  
Further Development

The subject of this article is the multitude of processes of management accounting standardization. Its goal is to justify the need for standardization of management accounting as an initial stage in the development of its institutional environment and working out ways to solve this problem.To achieve this goal, the present article analyzes Russian and foreign scientific publications which are devoted to the problems of standardization of the accounting system, and critically assesses the current practice in the field of standardization of management accounting. In the process of research, the methods of logical and expert analysis were used.The article outlines the negative consequences of the lack of institutional regulation of management accounting inRussia— both for the further development of its theory and for practical advancement. The negative impact of the current situation on the educational process was especially noted.The urgent need for standardization of Russian management accounting as the first stage of the institution of its institutional regulation has been revealed. Particular attention is paid to possible directions of standardization of management accounting in the public sector, as well as the development of a professional standard «Managerial Accounting Specialist».The conclusion is made on the need to standardize management accounting at two levels — macroeconomic, which involves developing standards that take into account the specifics of different sectors of the economy, and at the level of microeconomics, which means the development of internal standards and regulations directly by business entities, taking into account the first-level standards.

Development of Local Accounting Theories on the Example of the Theory of Management Accounting of Agricultural Enterprises

2021 ◽  
pp. 197-210
Author(s):  
Vera Savchenko ◽  
◽  
Iryna Smirnova ◽  
Nadiya Smirnova ◽  
◽  
...  
Keyword(s):  
Management Accounting ◽  
International Standards ◽  
Special Importance ◽  
Accounting System ◽  
Managerial Accounting ◽  
Agricultural Enterprises ◽  
Modern Business ◽  
Business Entities ◽  
Time Changes ◽  
Definition Of

Modern business conditions require updating approaches to the management system, and, accordingly, managerial accounting. Therefore, the issues of deepening research of sectoral specifics of managerial accounting acquire special importance and its influence on the organization and conduct of this type of accounting. The purpose of writing an article is to study the features of the interpretation of the content of the term "managerial accounting" and their impact on the organization of this type of accounting in agrarian enterprises. Scientists, who investigated history of development of managerial accounting, diverge in thoughts on the period of managerial accounting and to further periodize its development. For the first time, the introduction of managerial accounting in practical activities of national enterprises was violated in October 1998 with the adoption of a Program for reforming the accounting system with the application of international standards. Most western researchers support the statement that managerial accounting is a process of preparing information necessary to manual for management. Investigation of the content of existing definitions of managerial accounting allowed a number of conclusions. First, it concerns the definition of managerial accounting at the legislative level. Since managerial accounting is a comprehensive area of activity, it indicates the need to amend the text of the Law of Accounting and financial statements where these circumstances are not taken into account. Secondly, when developing a methodology for managerial accounting in domestic agrarian enterprises, it is necessary to take into account, except for the world experience of accounting practice, achievements of domestic scientists, as well as the specifics and real state of functioning of business entities. Thirdly, the spectrum of opinions on determining the managerial accounting system is very wide. In this case, the interpretation of its content over time changes has been presented. Fourth, in existing studies and definitions of managerial accounting in agriculture there is no sector color. One of the most important tasks of managerial accounting for managers of agrarian enterprises should be the formation of complete and reliable accounting information on the results of the activities of production and functional divisions of enterprises. Maintaining management accounting at the enterprise should be theoretically substantiated, methodically justified and suitable for practical use. Awareness of the need and desire to introduce managerial accounting is not enough to implement this intention. The size of the enterprise needs to provide information to all levels of management, as well as the ratio of expenses and benefits from the introduction of managerial accounting should be played crucial value.

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.

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.

scholarly journals The State Regulation of the Hotel and Restaurant Business in the Context of the COVID-19 Pandemic

2021 ◽  
Vol 5 (520) ◽  
pp. 241-245
Author(s):  
V. О. Martynenko ◽  
Keyword(s):  
Negative Impact ◽  
State Regulation ◽  
The State ◽  
Entrepreneurial Activity ◽  
State Support ◽  
Public Authorities ◽  
Difficult Situation ◽  
The Social ◽  
Business Entities ◽  
Further Development

The axiom of present is that Ukraine has a very difficult situation in the sphere of hotel and restaurant business caused by the COVID-19 pandemic. This situation has developed not only due to the underdevelopment of this sphere, also because of the significant shortcomings in the system of the State regulation of entrepreneurial activity in the pandemic, which makes this issue a topical scientific problem. The publication is aimed at analyzing the extant status of operation of the hotel and restaurant business under quarantine restrictions, as well as developing proposals for providing the State support to business entities in order to minimize losses during the COVID-19 pandemic. Theoretical and methodological grounds of research are the basic principles of development of hotel and restaurant business in a crisis, scientific works of Ukrainian scholars. The following methods were used in the course of the research: logical-juristic (to analyze the legislation of Ukraine on measures of the State support for business entities in connection with the COVID-19 pandemic); systematization (defining forms of the State aid); hypotheses and assumptions (in the preparation of proposals for further regulation of the provision of the State support to the hotel and restaurant business). As a result of the research, it is determined that the introduced support measures on the part of the State allowed to reduce the negative impact of the COVID-19 pandemic on the hotel and restaurant sector for the short-term period only. Renewal and further development of this sphere is impossible without the introduction of new approaches to the relations between the State and business, which have established determined in Ukrainian society, without increasing the social consciousness of business and increasing the level of its contact with public authorities. To achieve this goal, it is necessary to improve the system of adjustment of efforts of the State authorities, local self-government bodies and business entities in this sphere.

scholarly journals Implementation of management accounting in the system of economic monitoring of activities in the context of globalization

2020 ◽  
Vol 7 (12) ◽  
pp. 97-104
Author(s):  
Д. В. Адамов ◽  
М. А. Юхненко ◽  
Є. Р. Богдяж
Keyword(s):  
Balanced Scorecard ◽  
Management Accounting ◽  
Evolutionary Development ◽  
Accounting System ◽  
Managerial Accounting ◽  
Accounting Systems ◽  
Accounting Information Systems ◽  
The Balanced Scorecard ◽  
Independent Analysis ◽  
Legislative Framework

The article deals with the problems that arise during the implementation of the concept of modern management accounting for Ukrainian enterprises by introducing new accounting systems and developing approaches to accounting and information generalization of transaction costs in order to effectively manage them in the globalized economy. The existing system of introduction of management accounting at enterprises is examined and the introduction of management accounting on foreign examples is considered, namely the balanced system of indicators, which is already actively used abroad and is just beginning its development in Ukraine. The research of this topic is related to the change of accounting information systems in modern conditions and the need to create a global accounting system, and adjustments are made to management accounting functions. The article compares and defines the distinctive features of accounting, and its composition of financial, tax and management accounting. A clear algorithm for the construction of this system at the enterprise and indicators that must be calculated for a complete and independent analysis of the work of the enterprise are distinguished and described. The ambiguous interpretation of the concept of managerial accounting in the course of its evolutionary development has led to the study of this topic. The article presents a system of metrics that are calculated within the Balanced Scorecard system used by the enterprise. The problems of implementing a balanced scorecard based on the experience of corporations already using the system are also discussed. The lack of legal and legislative framework to stimulate and encourage the introduction of this concept into the practice of management accounting in Ukraine leads to the unsatisfactory functioning of this system. According to the results of the research, the recommendations on the introduction of management accounting in the system of economic monitoring of activity in the conditions of globalization are given.

scholarly journals Methodological Tools for Investment Risk Assessment for the Companies of Real Economy Sector

2021 ◽  
Vol 14 (2) ◽  
pp. 78
Author(s):  
Tetiana Zholonko ◽  
Olesia Grebinchuk ◽  
Maryna Bielikova ◽  
Yurii Kulynych ◽  
Olena Oviechkina
Keyword(s):  
Risk Assessment ◽  
Group Process ◽  
Negative Impact ◽  
Investment Project ◽  
Investment Risk ◽  
Accounting System ◽  
Real Economy ◽  
Negative Consequences ◽  
Risk Appetite ◽  
The Impact

Methodological approaches to investing in companies and reducing the negative impact of risks that are formed at the macro and micro levels are considered in the article. The algorithm for expressing investment risks through related risks and conducting an investment risk assessment as a group process is defined. It has been determined that the defining features of investment risks are the environment, duration, and scope of the project, risk position, profile, risk appetite, consequences, capacity, and results of the impact on the investment project. An investment risk accounting system is formed, which is represented by a set of organized structural elements that perform functions related to planning and implementation of a set of measures that identify, assess, monitor, and control risks to minimize negative consequences and enhance opportunities. A method of forming a real portfolio of investment projects considering the dynamic risk factor has been developed.

scholarly journals The Conceptual Framework for Public Sector Entities’ Managerial Accounting

2020 ◽  
pp. 30-38
Author(s):  
L. KORYTNYK
Keyword(s):  
Public Sector ◽  
Management Accounting ◽  
Budget Process ◽  
Accounting System ◽  
Managerial Accounting ◽  
The Public ◽  
National Importance ◽  
Urgent Task ◽  
The Subject ◽  
Definition Of

In order to ensure the realization of the principles of public policy for the modernization of the budget process and accounting system, the urgent task today is to develop conceptual bases for the implementation of management accounting for public sector entities that cannot be successfully and effectively applied without building a theoretical and methodological basis. Taking into account the purpose, objectives and goals of activities of the administrators of budget funds at different levels of management, the author’s position is proposed to determine the management accounting for each of them. This made it possible to assert that for the main administrators of budget funds the management accounting is aimed at fulfilling the functions of national importance, and for the lower level administrators of budget funds – to fulfill the statutory mission and to ensure a competitive position in the public services market. Studies of scientific and methodological approaches to the definition of the subject, objects, function, tasks and principles of management accounting allowed to make proposals for the specification of the subject, systematization of objects, expanding the list of existing functions, tasks and principles of management accounting, taking into account modern requirements for informative provision of economic information the processes of activity of public sector entities and the level of their participation in the budget process. The results of the conducted research will contribute to the continuation of the formation of the basic provisions of the national accounting system, taking into account the current needs of the information management space and the peculiarities of activities and status of administrators of budget funds.

scholarly journals Zoning of the Kemerovo Oblast Based on the Level of Technogenic Load and Environmental Factor

2021 ◽  
Vol 35 ◽  
pp. 19-32
Author(s):  
Y. А. Zheleznov ◽  
Keyword(s):  
Environmental Factor ◽  
Negative Impact ◽  
Environmental Indicators ◽  
Anthropogenic Load ◽  
Raw Material ◽  
Coal Production ◽  
Negative Consequences ◽  
Scientific Publications ◽  
Space Images ◽  
Kemerovo Oblast

This research article presents the main results of zoning of the Kemerovo Oblast based on the level of technogenic load and environmental factor. Based on the analysis of a huge amount of statistical material, information data obtained from government reports, regional reports, strategies for socio-economic development, scientific publications, synthesized multispectral shooting (multispectral images), an assessment was made and relationships were established between the negative impact on the environment and its impact on people's lives of the region with different levels of technogenic load. The relationship between the ecological capacity and the negative impact on the environment is also considered, depending on the volume of coal production in the territory of Kuzbass (the Kuznetsk Basin). The raw material region was ranked according to the area of disturbed lands using synthesized multispectral analysis of space images. As a result of the comprehensive analysis, it was revealed that all municipalities with a high anthropogenic load are characterized by a decrease in environmental indicators of the sustainability of the development of the territory and an increase in negative consequences of both a medico-demographic and socio-economic nature. Analysis of the dynamics of coal mining and emissions of pollutants into the atmosphere showed a proportional relationship between an increase in coal production and an increase in indicators for cancer. It was also revealed that the overall level of diseases in the territories of intensive technogenesis is almost 2 times higher than in areas with a low level of technogenesis. Another tendency was found in urban districts with a high technogenic load – the average annual quantitative growth of negative medical and demographic indicators is proportional to the growth of coal production. Based on this, the author considered various ways to reduce the level of anthropogenic impact on the environment of the Kemerovo Oblast and gave general recommendations for improving the ecological situation in this region. The visualized result of this scientific work is the schematic maps, which reflect the ecological zoning of the region's territory according to the level of anthropogenic load.

scholarly journals Management accounting as an effective tool of management of a modern enterprise

2021 ◽  
Vol 9 (1(18)) ◽  
pp. 53-58
Author(s):  
Ruslana Shurpenkova ◽  
Oksana Sarahman
Keyword(s):  
Management Accounting ◽  
Management Tool ◽  
Enterprise Management ◽  
Successful Implementation ◽  
Accounting System ◽  
Competitive Advantages ◽  
System Construction ◽  
Managerial Accounting ◽  
Modern Enterprise ◽  
Enterprise Management System

The article analyzes the role of managerial accounting in the enterprise management system. It is established that managerial accounting is an effective management tool because it creates competitive advantages in a market environment. The main principles of managerial accounting system construction at the enterprise are highlighted, its importance for effective functioning is substantiated. The main problems hindering the management accounting implementation and planned measures for successful implementation of this process at Ukrainian enterprises are also analyzed.

scholarly journals Management accounting and criteria for its effectiveness at the enterprise

2020 ◽  
pp. 182-187
Author(s):  
Olha Shmyhel
Keyword(s):  
Economic Activity ◽  
Management Accounting ◽  
Evaluation Criteria ◽  
Accounting System ◽  
Accounting Management ◽  
Business Entities ◽  
Methodological Principles ◽  
Main Components ◽  
Analytical System

Purpose. The aim of the article is to substantiate the need for the development of management accounting and the system of criteria for the effectiveness of the organizational structure of management accounting at the enterprise. Methodology of research. General and special methods are used in the research, in particular: the method of classification allowed to differentiate the main components of management accounting, and the method of description gave them a detailed description; the monographic method is used in the study of literature sources on management accounting; system and analytical method is used in processing the information obtained. Findings. Approaches to determining the essence of management accounting are considered, its features are determined, identification characteristics and significance for economic activity are substantiated. The classification of management accounting according to management needs is generalized and improved. Problems of management accounting development are identified. The essence of the concept of “management accounting” is specified. The place of management accounting in the accounting and analytical system of the enterprise is considered. The main approaches to the essence of management accounting are reflected. Models of organization of management accounting at the enterprise are given. An approach to the assessment of the object of management accounting is proposed, the ways of introduction of management accounting at the enterprise are substantiated. Originality. The proposals on the system of evaluation criteria for the effectiveness of management accounting of the enterprise are substantiated. The methodological principles of the organization of management accounting have been further improved. Practical value. Options for the introduction and organization of management accounting at the enterprise are considered. The results of the study can be used by business entities in the process of using management accounting. Key words: management accounting, management, costs, profit, system of efficiency criteria, accounting and analytical system, business entity.

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