scholarly journals Globalization of Management Accounting Principles

2018 ◽  
Vol 81 (2) ◽  
pp. 95-100
Author(s):  
О. I. Mazina
Keyword(s):  
Decision Making ◽  
Sustainable Development ◽  
Conceptual Framework ◽  
Professional Training ◽  
Management Accounting ◽  
Value Analysis ◽  
Accounting Management ◽  
Business Entities ◽  
Global Principles ◽  
The Impact

The importance of effective management decision-making is obvious in the volatile and unstructured information environment, thus stimulating to revisions of theoretical grounds, concepts and principles of accounting management. The historic evolution of perceptions and visions of management accounting in Ukraine, like in other post-soviet countries, has a difficult path to the ultimate acceptance and recognition due to the efforts of many domestic scientists and practical professionals.    The conceptual framework of management accounting needs to be created with due consideration to the processes occurring in the internal and external environment of business entities as management objects.  The system approach to building up the conceptual framework of management accounting and reporting enables to achieve a radically new level today due to the implementation of Global Principles of Management Accounting, elaborated by international organizations. These principles set the criteria which observance enables for growth of company’s value in the conditions of the sustainable economic development.   Global Principles of Management Accounting, developed by the collaborative effort of two global professional organizations, the Chartered Institute of Management Accountants (СІМА) and the American Institute of Certified Public Accountants (ІАСРА), are designed to help business entities in overcoming fragmentation and to stimulate integrated thinking, which will enhance the effectiveness of decision making. The document outlines four principles focused on achieving four central goals and closely related with them: (i) communication generates information with impact (where “communication” is the principle and impact is the goal); (ii) information is relevant, i. e. important (“relevance” is the principle, and the goal is to assure the relevance of data); (iii) analysis of the impact on the value (“analysis” is the principle, and the goal is to analyze the business model of an organization); (iv) the intelligent management builds the trust (“trust” is the principle, and the goal is the commitment of  management accounting professionals to the appropriate behavioral norms). It can be argued that considering the global principles of management accounting, scientific discussions on the conceptual framework of accounting management need to focus on the growth in the business value and sustainable development of business entities, to enable for the sustainable development of the economy. To this end, management accounting needs to be the core of an organization and ensure structured effective decisions in the conditions of uncertainty and growing turbulence. The global principles of management accounting have to lay the basis for not only management accounting in the real sector of the economy, but for competence building in the process of professional training on management accounting in higher education institutions.   

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.

Emerging Supply Chain Management Trends and Their Impact on Spatial Organization of Logistical Networks

2003 ◽  
Vol 1833 (1) ◽  
pp. 30-39
Author(s):  
Konstantinos G. Zografos ◽  
loanna M. Giannouli
Keyword(s):  
Decision Making ◽  
Supply Chain ◽  
Supply Chain Management ◽  
Distribution System ◽  
Spatial Organization ◽  
Essential Elements ◽  
Methodological Framework ◽  
Chain Management ◽  
Business Entities ◽  
The Impact

Although the development of supply chain management trends has been the subject of substantial research, little attention has been devoted to examining the impact of the emerging supply chain management (SCM) trends on the spatial organization of the supply and distribution system. Specifically, the literature lacks an integrated methodological framework for examining the impact of emerging SCM trends on decision making relative to the spatial organization of logistical networks. This analysis has three purposes—( a) develop a conceptual framework for analyzing how decisions are made on the spatial organization of logistical networks, ( b) test the proposed framework via case studies, and ( c) develop a preliminary set of guidelines on the essential elements in making strategic logistical network design decisions. An interesting finding in implementing the proposed methodological framework, which was further supported by the limited empirical research, is that decision-making requirements vary substantially among the industrial and service sectors. This variance reflects differences in objectives and the extent of integration and collaboration of business entities along the respective supply chains.

When Do Opportunity Costs Count? The Impact of Vagueness, Project Completion Stage, and Management Accounting Experience

2010 ◽  
Vol 22 (1) ◽  
pp. 85-108 ◽  
Author(s):  
Lisa Marie Victoravich
Keyword(s):  
Decision Making ◽  
Management Accounting ◽  
Relevant Information ◽  
Opportunity Costs ◽  
Decision Making Process ◽  
Business Partner ◽  
Project Completion ◽  
Management Accountants ◽  
Two Factors ◽  
The Impact

ABSTRACT: Management accountants have recently migrated toward a business partner role, and as a result they often assist management with the decision-making process. Thus, it is imperative that they excel at identification of relevant information such as opportunity costs. This study experimentally tests the prediction that management accounting experience mitigates the tendency to ignore opportunity costs with respect to two factors: opportunity cost vagueness and project completion stage. This study also investigates whether attending to opportunity costs has an impact on project continuance decisions. Results indicate that management accounting experience mitigates the effect of vague opportunity costs and project completion stage. It was also found that attention to opportunity costs acts as mediator and this in turn reduces the tendency to continue an existing project. This suggests that attending to opportunity costs influences decision-making and that it is likely to have an economic consequence.

scholarly journals Teachers’ Training in the Intercultural Dialogue and Understanding: focussing on the Education for a Sustainable Development

2020 ◽  
Author(s):  
María Concepción Domínguez Garrido ◽  
Adiela Ruiz-Cabezas ◽  
María Castañar Medina Domínguez ◽  
María Cecilia Loor Dueñas ◽  
Eufrasio Pérez-Navío ◽  
...  
Keyword(s):  
Sustainable Development ◽  
Professional Identity ◽  
Inclusive Education ◽  
Intercultural Competence ◽  
Professional Training ◽  
Intercultural Dialogue ◽  
Human Beings ◽  
The Sustainable Development ◽  
Sustainable Ecology ◽  
The Impact

The present research is embedded in the professional development and research line and in the needs of secondary education and first-year university teachers. We focussed on evidencing the importance of teachers’ professional training to include some specific adaptation and skills in intercultural dialogue and understanding -often called Intercultural Competence- because of its direct impact on the sustainable development of human beings, groups, and ecosystems. We investigated the role played by each of the main competencies linked to the following intercultural dimensions: Professional Identity, Ethics and Axiology, Methodology, and Inclusive Education. We used an integrated methodology and a cross-study of data, performed after the obtention of a three-cornered evaluation of results collected in focus groups, interviews, and questionnaires. We were able to show the impact of intercultural dialogue and understanding in the education for a sustainable development pattern. This is fundamental to set up a new ecology of forms, knowledge, attitudes, and educational meanings, further used to update teachers and students’ training in sustainable ecology and cultural diversity. Progress made in these complementary competencies -Professional Identity, Ethics and Axiology, Methodology- were appraised by teachers participating in the present study; the latter showing an increased interest and demand for the intercultural competence, after increasing their proficiency in the other complementary competencies.

scholarly journals Sustainability of urbanization processes in the digital environment: food security factors

2021 ◽  
Vol 20 (4) ◽  
pp. 283-294
Author(s):  
Rasul Anvar Balayev​ ◽  
Natig Sarhad Mirzayev ◽  
Hafiz Maharram Bayramov
Keyword(s):  
Sustainable Development ◽  
Food Security ◽  
Average Distance ◽  
Weighted Average ◽  
Digital Environment ◽  
Fresh Milk ◽  
Fresh Food ◽  
Business Entities ◽  
The Impact

Motives: The article examines the potential of the digital environment in the sustainable supply of fresh food to the big city. Urbanization is a difficult process to manage, and adapting it to the demands of sustainable development requires the search for the new opportunities and ways. In this context, it is highly probable to use the opportunities provided by the digital environment through the Internet, digital technologies and devices, or other digital means. The place and role of ensuring food security in cities and the sustainability of urbanization processes have been little studied. Aim: It is expedient to assess the role of the suburban zone and the zone of transportation of these products to the city in the provision of large cities with fresh food products in terms of sustainable development of urbanization zones. Results: Research and calculations conducted on the example of the Baku agglomeration (Azerbaijan) have provided an opportunity to comment on the impact of food security factors on the sustainability of urbanization processes in the digital environment. To determine the changes in the transportation zone of fresh milk to this agglomeration, we calculated the proposed “weighted average distance of transportation” indicator. It was revealed that the formation of the digital environment in the agricultural production business entities is faster in the areas located closer to the Baku agglomeration.

scholarly journals Inovation policy of industry business entities as a factor of sustainable development in transitional environment

2020 ◽  
Vol 15 (2) ◽  
pp. 31-47
Author(s):  
Vladimir Mitrović ◽  
Ivana Mitrović
Keyword(s):  
Sustainable Development ◽  
Innovation Policy ◽  
Developed Countries ◽  
Theoretical Research ◽  
Primary Role ◽  
Innovation Development ◽  
Transitional Environment ◽  
Business Entities ◽  
S Model ◽  
The Impact

Innovations hold a primary role in today' Abstract s model of economic growth and are considered an important factor of sustainable development. With that aim in mind, it is necessary to define adequate innovation policy, as well as the development of inovation incentive environment, which needs to be strengthened both at macro level and the business entities level. The basic aim of this research is the analysis of the impact of innovation policy of the Serbian industry business entities as a factor of sustainable development in transitional environment. The starting hypothesis is that the largest number of Serbian business entities does not base their competitiveness on innovation development, as is common in developed countries. The paper summarises what industry business entities in Serbia need to do in order to be more numerous and more efficient. The paper consists of theoretical research that was realised in accordance with the techniques of the methodology of scientific research.

scholarly journals Teachers’ Training in the Intercultural Dialogue and Understanding: Focusing on the Education for a Sustainable Development

2020 ◽  
Vol 12 (23) ◽  
pp. 9934
Author(s):  
María Concepción Domínguez Garrido ◽  
Adiela Ruiz-Cabezas ◽  
María Castañar Medina Domínguez ◽  
María Cecilia Loor Dueñas ◽  
Eufrasio Pérez Navío ◽  
...  
Keyword(s):  
Sustainable Development ◽  
Professional Identity ◽  
Inclusive Education ◽  
Intercultural Competence ◽  
Professional Training ◽  
Intercultural Dialogue ◽  
Human Beings ◽  
The Sustainable Development ◽  
Sustainable Ecology ◽  
The Impact

The present research is embedded in the professional development and research line, and in the needs of secondary education and first-year university teachers. Evidencing the importance of teachers’ professional training to include specific adaptations and skills on both the intercultural dialogue and understanding—often called Intercultural Competence—is fundamental because of the direct impact for the sustainable development of human beings, groups, and ecosystems. An extensive investigation of the role played by each of the main competencies linked to the following intercultural dimensions was performed: Professional Identity, Ethics and Axiology, Methodology, and Inclusive Education. The integrated methodology used was a cross-study of data, performed after the obtention of a three-cornered evaluation of results collected in focus groups, interviews, and questionnaires. Findings showed the impact of the intercultural dialogue and understanding in education patterns for the sustainable development of society. Other outputs also underlined the relevance of setting up a new ecology of forms, knowledge, attitudes, and educational meanings, further used to update teachers and students’ training in sustainable ecology and cultural diversity. Progress made in these complementary competencies—Professional Identity, Ethics and Axiology, Methodology—were appraised by teachers participating in the present study; the latter showing an increased interest and demand for the intercultural competence, after increasing their proficiency in the other complementary competencies.

An economic analysis of the impact of "grand challenges" on sustainability and business continuity of economic entities

2020 ◽  
Vol 19 (12) ◽  
pp. 2253-2275
Author(s):  
N.P. Lyubushin ◽  
N.E. Babicheva ◽  
A.I. Lylov ◽  
E.I. Pulyakhin
Keyword(s):  
Sustainable Development ◽  
Economic Analysis ◽  
Business Continuity ◽  
Continuity Of Operations ◽  
Grand Challenges ◽  
Stage Of Development ◽  
Hierarchical Levels ◽  
The Face ◽  
Business Entities ◽  
The Impact

Subject. "Grand challenges", creating risks and threats to economic development, are an important factor to assess new opportunities and reserves for business entities' development, which provide for business continuity. To manage business entities in the face of "grand challenges", it is necessary to devise accounting and analytical support and a system of indicators to ensure the sustainability of development and the continuity of operations. Objectives. The aim is to substantiate a model characterizing "grand challenges" and to determine quantitative and qualitative indicators that describe the sustainability of development and business continuity of economic entities at various hierarchical levels. Methods. The methodology of the study rests on the resource-oriented approach. We developed and tested it through the economic analysis of sustainable development of economic entities. Results. We present a model, describing "grand challenges", identify prerequisites for their emergence, on the basis of which a system of indicators is developed. We also identify indicators, characterizing the sustainable development and ensuring the business continuity at various hierarchical levels, and threshold levels of indicators of sustainable development in the face of "grand challenges". Conclusions. The developed model will enable to expand the methodology for economic analysis and build a system of indicators that help determine the reserves and new conditions for the functioning of business entities during the transition to a new stage of development.

The economic analysis of the impact of grand challenges on sustainability and continuity of business entities’ activities

2021 ◽  
Vol 20 (11) ◽  
pp. 1994-2020
Author(s):  
Nikolai P. LYUBUSHIN ◽  
Nadezhda E. BABICHEVA ◽  
Ol'ga M. KUPRYUSHINA ◽  
Dmitrii G. KHANIN
Keyword(s):  
Sustainable Development ◽  
Economic Analysis ◽  
Intellectual Capital ◽  
Methodological Approach ◽  
Grand Challenge ◽  
Integrated Reporting ◽  
Grand Challenges ◽  
The Face ◽  
Business Entities ◽  
The Impact

Subject. The article addresses the need to develop new methodological tools for assessing threats to and opportunities of sustainable development of business entities, enabling to adequately reflect their activities in the analysis of their interaction in rapidly changing economic conditions. Objectives. The aim is to underpin a methodological approach to the formation of indicators for assessing the sustainable development of business entities in the face of grand challenges, which rests on the grouping of indicators according to the type of economic development. Methods. The study draws on resource-oriented approach, which we developed and tested in the economic analysis of sustainable development of business entities, and statistical methods. Results. Based on the methods of cognitive and resource-oriented analysis, we defined a set of basic indicators, characterizing the intellectual capital. The implementation of the methodological approach enabled to identify two baseline indicators of intellectual capital involved in the formation of a Grand Challenge, i.e. the number of computers with access to global information networks and the cost of patents and licenses for inventions, industrial designs, utility models. We developed and evaluated integrated indicators of intellectual capital to determine the possibilities of sustainable development of economic entities of the Russian Federation. Conclusions. The offered approach helps define a set of indicators of different types of capital to be included in the integrated reporting and analysis of possibilities of economic entities’ sustainable development in the face of grand challenges. The produced set of indicators is basic and may change.

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