scholarly journals The Relationship Between Procedures of Management Accounting and Internal Control

2020 ◽  
Vol 7 (5) ◽  
pp. 80-90
Author(s):  
M. A. Vakhrushina ◽  
M. A. Prunenko
Keyword(s):  
Internal Control ◽  
Management Accounting ◽  
Historical Analysis ◽  
Practical Implementation ◽  
Synthesis Methods ◽  
Managerial Accounting ◽  
Analysis And Synthesis ◽  
Business Structures ◽  
Medium Businesses ◽  
Control And Management

The article substantiates the objectively growing importance of internal control and management accounting systems in the context of an impending global financial and economic crisis. The research methodology is based on the application of historical analysis and synthesis methods, systemic and logical approaches, the method of analogies and groupings. The research defines the place of managerial accounting in the organization’s internal control system, identifies the procedures for these systems and the sequence of their practical implementation. The authors determine the possibilities and ways of incorporating management accounting procedures into internal control procedures and draw a conclusion about the existing duplication of some of them. The article substantiates the principles compliance with which will ensure the success of the implementation under discussion. The results of the study can be useful in the process of setting up and developing systems of internal control and management accounting in Russian business structures, primarily representing small and medium businesses.

scholarly journals PROBLEMS OF THE DEVELOPMENT OF PEASANT ECONOMIES AND FARMS IN THE MINDS OF THE LAND REFORM IN UKRAINE

2019 ◽  
pp. 113-125
Author(s):  
Olena Pimenova
Keyword(s):  
Land Reform ◽  
Agricultural Land ◽  
Graphical Method ◽  
Historical Analysis ◽  
State Regulation ◽  
Synthesis Methods ◽  
Expert Evaluation ◽  
Farm Model ◽  
Analysis And Synthesis ◽  
The Impact

The historical analysis of the development of national forms of economy has been carried out. It has been determined that the most economically advantageous for society, vital, rational, socio-ecological-economic forms of economy are peasant economies and farms. The methodological basis of the study as to the identification of rational and effective forms of economy are general scientific methods, including methods of historical analysis, generalization, comparison, analysis and synthesis, methods of expert evaluation, graphical method. In the course of the research, the methods of historical analysis, generalization, analysis and synthesis were used in carrying out a retrospective analysis, in particular the research of scientific opinion on the effectiveness of such forms of economy as peasants and farms and the impact of land reform on their development; the method of expert evaluation in the survey of peasants and representatives from the administration of Radomyshl region of Zhytomyr oblast to determine their opinion – how the land reform will affect on the development of peasants and farms; graphical method for constructing tables and graphs. The study of the world experience in agriculture confirmed that the development of the farm model as a priority model of economy in agriculture is possible only with the active support of a state, as an institution that regulates land use through administrative and economic measures and provides legislation through limitation of purchase of land and the potential withdrawal of this land from agricultural circulation, and also involves the implementation of targeted programs through the financing of individual activity. An important function of state regulation is the conservation of the agricultural land fund. In developed countries, there are some restrictions on the land market to prevent latifundia. It is substantiated that in the course of land reform, the agrarian policy should be focused on preventing the creation of latifundia with large land tenure, as well as on the support, protection and development of peasant economies and farms as viable forms.

scholarly journals Interrelation of management accounting and internal control systems

2021 ◽  
pp. 176-182
Author(s):  
Vera V. Krainova Krainova
Keyword(s):  
Internal Control ◽  
Management Accounting ◽  
Information Support ◽  
Accounting System ◽  
Model Of Management ◽  
Definition Of ◽  
Control And Management ◽  
The Relationship ◽  
Management Accounting System

The article substantiates the relationship between internal control and management accounting. In the course of the substantiation, the content of the definition of "management accounting" is specified in the context of the study of the role of the management accounting system in the information support of internal control; on the example of shipping companies, the information of management accounting for the purposes of internal control is systematized. A conceptual model of management accounting is constructed, the system-forming elements of the management accounting system are identified and clarified, each of which has control elements "embedded" in it.

Managerial accounting and analysis in the modern control concepts: problems and limitations

2014 ◽  
Vol 2 (5) ◽  
pp. 251-260
Author(s):  
Ольга Гордеева ◽  
Olga Gordeeva ◽  
Татьяна Серебрякова ◽  
Tatyana Serebryakova
Keyword(s):  
Strategic Management ◽  
Performance Indicators ◽  
Management Accounting ◽  
Key Performance Indicators ◽  
Management Model ◽  
Managerial Accounting ◽  
Management Decisions ◽  
Organization And Management ◽  
Control And Management ◽  
Modern Control

The authors consider the topical issues of modern strategic management and describe modern models of strategic management. Value-oriented management model, which aims to achieve the maximum possible value of the organization, examined in detail. The authors note the need for management accounting to collect information on key performance indicators, which show the change of the values of the organization and management analysis for the control and management decisions.

Assessing the Efficiency of Russian Business Support Institutions in the Digital Economy

2021 ◽  
Vol 27 (8) ◽  
pp. 593-602
Author(s):  
O. V. Burgonov ◽  
E. V. Mikhaylov
Keyword(s):  
Government Regulation ◽  
Small And Medium Enterprises ◽  
Historical Analysis ◽  
Integrated Approach ◽  
Government Support ◽  
Analysis And Synthesis ◽  
Business Structures ◽  
The Government ◽  
Space Infrastructure ◽  
Medium Enterprises

Aim. The presented study aims to determine methodological approaches to assessing the efficiency of government regulation and support of small and medium enterprises in the context of the digitalization of the economy, to propose directions for its improvement, and to consider institutions and tools that could contribute to solving the problems of small enterprises in the post-COVID period.Tasks. The authors examine the major problems in the development of small and medium enterprises (SMEs) in Russia, potential opportunities and solutions; analyze the main problems of SME support; determine indicators and criteria for evaluating the efficiency of this type of national and municipal administration.Methods. This study uses the methods of abstraction and aggregation, historical analysis and synthesis, induction and deduction, systemic and structural approaches.Results. The results of the study prove that the assessment of the efficiency of government regulation and support of small and medium enterprises in the context of the digitalization of the economy should be considered not only using KPI, but also by applying extended criteria and indicators at various management levels as part of an integrated approach. This makes it possible to determine why SMEs, which traditionally experience a lack of financial resources, use government support mechanisms to such a small extent.Conclusions. In Russia, government support is provided to SMEs in the form of guarantees and benefits, subsidization of the costs of leasing contracts and participation in advertising campaigns and exhibitions, co-funding of regional system-forming business projects. At the same time, the most important factor in optimizing the system of government regulation and support of entrepreneurship is the creation of digital space infrastructure to increase the efficiency of interaction between the government and business structures, since the existing system is not optimal.

scholarly journals Strategic planning of enterprises activities: theoretical aspects

2020 ◽  
pp. 65-71
Author(s):  
Nataliia Kostetska
Keyword(s):  
Strategic Planning ◽  
Planning Process ◽  
Practical Implementation ◽  
Synthesis Methods ◽  
Enterprise Strategy ◽  
Scientific Methods ◽  
Planning Strategy ◽  
Advantages And Disadvantages ◽  
Analysis And Synthesis ◽  
Theoretical Generalization

Purpose. The aim of the article is to study theoretical and methodological bases of strategic planning and features of its implementation in the practical activity of enterprises in modern conditions. Methodology of research. Scientific works of scholars on the strategic planning of an enterprise activity are the theoretical and methodological bases of the research. The article uses general scientific methods of research such as comparison and theoretical generalization methods to study the essence of strategic planning and the enterprise strategy, abstract and logical methods to identify the prerequisites of strategic planning and requirements for its implementation, analysis and synthesis methods to determine the principles of strategic planning. Findings. The article investigates the essence, significance, and purpose of strategic planning of enterprises activities in modern conditions. It identifies prerequisites for implementing strategic planning into activities of domestic enterprises. The study presents the main advantages and disadvantages of strategic planning. It identifies the obstacles for the practical implementation of strategic planning at enterprises. The article highlights the main requirements for strategic planning that will prevent problems in the future and the most important principles that will help increase the effectiveness of strategic planning at enterprises. Originality. The study substantiates the necessity of establishing certain requirements for strategic planning which will allow achieving the desired goal. It identifies the most important principles that affect the effectiveness of the strategic planning process. Practical value. The obtained results of the research aim to improve strategic planning by complying with certain requirements and principles during the implementation of strategic planning in practical enterprises activities in modern conditions. Key words: planning, strategic planning, strategy, strategic plan, advantages of strategic planning, disadvantages of strategic planning, principles.

scholarly journals FISCAL POLICY DIRECTIONS OF SMALL ENTERPRISES AND ANTI-CRISIS MEASURES ON MODERN STAGE: DURING THE TRANSFORMATION OF GEORGIA TO THE EU

2018 ◽  
Vol 12 (1) ◽  
pp. 1-11 ◽  
Author(s):  
George Abuselidze
Keyword(s):  
Developing Countries ◽  
Main Idea ◽  
Developed Countries ◽  
Practical Implementation ◽  
Systemic Analysis ◽  
Foreign Countries ◽  
Direct Definition ◽  
Business Structures ◽  
Definition Of ◽  
Medium Businesses

The paper is aimed to determine the optimality of taxation, that can be used to plan and implement effective anti-crisis measures. Objective is not to define or diagnose crisis and suggest strategies, but to offer methodologies, that can be used to determine the influence of formal and informal institutions of company’s ongoing activities. To develop recommendations for avoiding business crisis situation and support its development. The theoretical and methodological basis of the research is the main provisions of the market economy, legislative and regulatory acts of Georgia and foreign countries, statistical data of Georgia, the global risks report, government bodies and business structures in this field. In the process of analysis of the actual material, together with the general scientific method of research, is used: systemic analysis, comparative analysis of scientific literature, statistical analysis, analogy and other methods. As a result of researches it is established that developed countries emphasize the importance of fairness, while developing countries are mainly focused on mobilizing budget revenues and lesser consideration of fair taxation principles, since the tax system performs a fiscal function more effectively than developing countries. In our opinion, the main idea of tax policy should be the optimal distribution of tax literacy on the basis of a direct definition of income of taxpayers or progressive taxation. Practical implementation of the proposed proposals will facilitate further improvement of the social climate in the country, revitalize small and medium businesses, and solve the problem of employment in the country.

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.

The Soviet and Western theories of financial management – The competition or the partnership?

2020 ◽  
Vol 26 (5) ◽  
pp. 991-1016
Author(s):  
A.G. Lukin
Keyword(s):  
Soviet Union ◽  
Financial Management ◽  
Historical Analysis ◽  
Management Theory ◽  
Financial Risks ◽  
Financial Flows ◽  
Dialectical Approach ◽  
The Soviet Union ◽  
Analysis And Synthesis ◽  
Effective System

Subject. This article explores the main points of the theory of financial management, developed within the framework of the Western general theory of finance, and the theory of financial management developed in the Soviet Union. Objectives. The article aims to substantiate an idea that these theories are complementary, and their harmonious application can help build the most effective system of financial relations management at both the macro-and microeconomic levels. Methods. For the study, I used a dialectical approach and the methods of comparison, analysis and synthesis, and historical analysis. Results. The article substantiates the point that the methodology of Western financial management theory is aimed at managing external financial flows and combating external financial risks. It notes that the Soviet theory regulates methods and techniques of financial management within the business entity or the State. Conclusions. Theoretical updating of the Soviet practices of financial management combined with the modern achievements of financial management theory will create conditions for the formation of an optimal financial management structure at both the micro-and macroeconomic levels. This can improve the efficiency of financial management, in general. Renewed interest in the theoretical developments of the Soviet Union will contribute to the development of financial science at the present stage.

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.

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