scholarly journals Problems and Prospects of Accounting Management in the Digital Economy

2020 ◽  
Vol 7 (5) ◽  
pp. 6-14
Author(s):  
A. U. Panakhov
Keyword(s):  
Financial Management ◽  
Systematic Approach ◽  
Management Accounting ◽  
Process Models ◽  
Managerial Accounting ◽  
Accounting Management ◽  
Multi Level ◽  
Business Data ◽  
Modern Technologies ◽  
Selection Of

There is an active digitalization of the collecting processes, consolidating and analyzing business data in the modern economy. Against this background, many classical problems of managerial accounting still remain unresolved, among which the selection of cost objects, the search for optimal methods for calculating costs, and the integration of various types and levels of accounting among themselves. The goal of the paper is to reveal key features of management accounting development in modern enterprises. The methodological basis of the work is a systematic approach, reflected in the idea of management accounting as a multi-level system that combines methodological, organizational and infrastructural aspect. The result of the study is the disclosure of the imbalance problems associated with increased attention to higher levels of management accounting without deepening the study of lower levels of business data. There are proposed the following directions of management accounting development: further division of accounting objects; expanding the possibilities of solving the problems of calculating costs due to modern technologies; integration of cost accounting with process models, which maintained in companies today outside the framework of accounting management. The results may be of interest to researchers, practitioners in the financial management and IT fields

scholarly journals An Empirical Assessment of Participation and Decision Making by Rural Women in Agriculture and Livestock Activities

2020 ◽  
Vol 7 (1) ◽  
pp. 009-012
Author(s):  
Rashmi Chaudhary ◽  
◽  
Yasmin Janjhua ◽  
Avineet ◽  
Krishan Kumar ◽  
...  
Keyword(s):  
Decision Making ◽  
Rural Women ◽  
Financial Management ◽  
Management Practices ◽  
Animal Husbandry ◽  
Economic Activities ◽  
Poor Access ◽  
Women In Agriculture ◽  
Modern Technologies ◽  
Selection Of

Women make essential contributions to agriculture and rural economic activities in all developing countries. Even though women contribute 60 to 80% of the labour in agriculture and animal husbandry, their involvement in selection of suitable crops and adoption of innovative and good management practices is very low. The study reported that sampled women respondents have shown participation in all the selected agriculture and livestock activities excluding marketing and financial management. The study put forth that very less households witness female participation in agriculture and livestock activities related decision making. Some of the important reasons for their subdued role in decision making in agricultural production could be lack of awareness about new opportunities and modern technologies, inadequate facilities for training and capacity building and poor access to extension workers for consultation whenever needed.

scholarly journals CRITERIA FOR SELECTING DESIGN PROCESS MODELLING APPROACHES

2021 ◽  
Vol 1 ◽  
pp. 791-800
Author(s):  
Jakob Trauer ◽  
Ferdinand Wöhr ◽  
Claudia Eckert ◽  
Udo Kannengiesser ◽  
Sjoerd Knippenberg ◽  
...  
Keyword(s):  
Design Process ◽  
Systematic Approach ◽  
Project Managers ◽  
Process Modelling ◽  
Process Models ◽  
Systematic Selection ◽  
Future Work ◽  
Selection Of ◽  
Modelling Approaches

AbstractProcess models are among the principal artefacts used for managing design projects. However, the selection of effective modelling approaches can be difficult for design project managers, given that a plethora of tools exists for various modelling purposes. In addition to date no systematic approach for the assessment and selection of process modelling approaches is available to practitioners. This paper presents the development of criteria for benchmarking and selecting different process modelling tools. The results are based on three elements. (1) In a four-hour workshop undertaken by the Design Process SIG of the Design Society, bringing together around 20 international researchers and practitioners in design process modelling, an initial set of 58 criteria were brainstormed and consolidated during the workshop and in follow-up meetings. (2) The consolidated criteria were then compared with literature. The finalised criteria list was then validated by external experts in industry (3). The resulting list of 12 criteria provides a sound basis for practitioners to support a systematic selection of process modelling approaches. Further, it lays the foundation of a benchmarking tool, which is subject to future work.

scholarly journals GLOBAL PRINCIPLES OF MANAGERIAL ACCOUNTING AND THEIR APPLICATIONS AT ENTERPRISES

2020 ◽  
pp. 159-172
Author(s):  
Іnna LEPETAN
Keyword(s):  
Internal Control ◽  
Financial Management ◽  
Management Accounting ◽  
Core Competencies ◽  
Internal Audit ◽  
Information Support ◽  
Investment Efficiency ◽  
Managerial Accounting ◽  
Accounting Principles ◽  
Global Principles

The article describes the list and essence of accounting principles and focuses on the principles of accounting, since not all generally accepted accounting principles are suitable for application in management accounting. The basic principles of management accounting are combined with the integration of different aspects, which are distinguished by different scientists. The Global Principles of Management, developed by international organizations and identifying best practices in accounting that help to make complex decisions that deliver value, are described in more detail. The article describes the components of the principles and ways of their application. Attention is paid to the principle “Communication generates influential information”, which means that management accounting begins and ends with communication. The main purpose of this principle is to make effective decisions about the strategy and its implementation at all levels. The “Information is relevant” principle directs management records to provide managers with relevant information when necessary, identifying past, current, and future information, including financial and non-financial data from internal and external sources. This includes social, environmental and economic data. The purpose of this principle is to provide the enterprise with information support in planning and developing strategy, tactics and their implementation. The principle of “Impact analysis”, management accounting links the strategy of the organization with its business model. This principle helps to work out different scenarios to understand their impact on value creation and conservation. The main purpose of this principle is to simulate different scenarios that demonstrate cause and effect relationships between activity factors and outcomes. The purpose of the principle of “Smart management builds trust” is formulated as the need to actively manage relationships and resources to protect the financial and non-financial assets of the company, its reputation and value. Attention is drawn to the core competencies that management accounting professionals must possess to help an organization create, implement, and refine their strategies. The competency model covers four areas: specialized and business skills, communication skills and leadership. The application of Global Principles in the fields of activity: cost transformation and management, external reporting, financial strategy, internal control, evaluation of investment efficiency, management and budgetary control, prices, discounts and product decisions, project management, regulatory compliance, management resources, risk management, strategic tax control, financial management, internal audit.

Rapid Elaboration of Fragments into Leads Applied to Bromodomain-3 Extra Terminal Domain

2020 ◽  
Author(s):  
Luke Adams ◽  
Lorna E. Wilkinson-White ◽  
Menachem J. Gunzburg ◽  
Stephen J. Headey ◽  
Martin J. Scanlon ◽  
...  
Keyword(s):  
Binding Site ◽  
Systematic Approach ◽  
Structural Information ◽  
Peptide Binding ◽  
Chemical Diversity ◽  
Chemical Probes ◽  
Protein Targets ◽  
Structure Activity ◽  
Peptide Binding Site ◽  
Selection Of

The development of low-affinity fragment hits into higher affinity leads is a major hurdle in fragment-based drug design. Here we demonstrate an approach for the Rapid Elaboration of Fragments into Leads (REFiL) applying an integrated workflow that provides a systematic approach to generate higher-affinity binders without the need for structural information. The workflow involves the selection of commercial analogues of fragment hits to generate preliminary structure-activity relationships. This is followed by parallel microscale chemistry using chemoinformatically designed reagent libraries to rapidly explore chemical diversity. Upon completion of a fragment screen against Bromodomain-3 extra terminal (BRD3-ET) domain we applied the REFiL workflow, which allowed us to develop a series of tetrahydrocarbazole ligands that bind to the peptide binding site of BRD3-ET. With REFiL we were able to rapidly improve binding affinity >30-fold. The REFiL workflow can be applied readily to a broad range of protein targets without the need of a structure, allowing the efficient evolution of low-affinity fragments into higher affinity leads and chemical probes.<br>

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 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 A Multiple and Multi-Level Substructure Method for the Dynamics of Complex Structures

2021 ◽  
Vol 11 (12) ◽  
pp. 5570
Author(s):  
Binbin Wang ◽  
Jingze Liu ◽  
Zhifu Cao ◽  
Dahai Zhang ◽  
Dong Jiang
Keyword(s):  
Structural Characteristics ◽  
Complex Structure ◽  
Complex Structures ◽  
System Matrix ◽  
Substructure Method ◽  
Residual Structure ◽  
The Matrix ◽  
Multi Level ◽  
Fixed Interface ◽  
Selection Of

Based on the fixed interface component mode synthesis, a multiple and multi-level substructure method for the modeling of complex structures is proposed in this paper. Firstly, the residual structure is selected according to the structural characteristics of the assembled complex structure. Secondly, according to the assembly relationship, the parts assembled with the residual structure are divided into a group of substructures, which are named the first-level substructure, the parts assembled with the first-level substructure are divided into a second-level substructure, and consequently the multi-level substructure model is established. Next, the substructures are dynamically condensed and assembled on the boundary of the residual structure. Finally, the substructure system matrix, which is replicated from the matrix of repeated physical geometry, is obtained by preserving the main modes and the constrained modes and the system matrix of the last level of the substructure is assembled to the upper level of the substructure, one level up, until it is assembled in the residual structure. In this paper, an assembly structure with three panels and a gear box is adopted to verify the method by simulation and a rotor is used to experimentally verify the method. The results show that the proposed multiple and multi-level substructure modeling method is not unique to the selection of residual structures, and different classification methods do not affect the calculation accuracy. The selection of 50% external nodes can further improve the analysis efficiency while ensuring the calculation accuracy.

RELATIONSHIP OF ACCOUNTING AND STATISTICAL ACCOUNTING OF LOGISTIC COSTS IN THE INTEGRATED BUSINESS STRUCTURE

2021 ◽  
Vol 16 (3) ◽  
pp. 106-111
Author(s):  
Olga Gizatullina
Keyword(s):  
Supply Chains ◽  
Business Processes ◽  
Management Accounting ◽  
Added Value ◽  
Economic Activities ◽  
Legal Form ◽  
Economic Entity ◽  
Accounting Management ◽  
Supply Costs

For economic entities, business partnerships are not based on individual competition or improving individual business processes, but on improving supply chains. When making management decisions, the question arises about the performance indicators of business processes both at the level of an economic entity and at the macro level. When assessing the effectiveness of supply chains, it is necessary to assess the costs arising in the course of financial and economic activities. The logistics component has a large share in the supply costs. A full accounting of logistics costs allows you to obtain reliable information for the analysis and development of measures to reduce them, which increases the efficiency of the entire economic activity of an economic entity. The article proposes a classification of logistics costs according to the degree of added value creation and dependence on the volume of production, including the allocation of transaction costs, which make up a significant share in the overall structure of logistics costs. The classification of logistics costs should be transformed depending on the organizational and legal form of the organization and the field of activity. The system of accounting for the logistics costs of economic entities should highlight them when implementing all logistics functions; study information about the most significant logistics costs and the nature of their occurrence; study the interdependencies of logistics costs throughout the entire supply chain. The developed system allows keeping separate accounting of logistics costs on a separate account, which makes it possible to control them. In modern conditions, organizations are faced with the need to integrate various types of accounting, including accounting, management and statistical. The algorithm for the implementation of this task includes four stages: development of a methodology for the integration of accounting, management and statistical accounting; formation of management accounting policies; development of data transformation regulations; selection of software for the automation of statistical, accounting and management accounting

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