MANAGEMENT ACCOUNTING IN PANDEMIC CONDITIONS

The COVID-19 pandemic suddenly and unexpectedly has brought unprecedented short and long-term challenges to organizations. In the context of the global economic crisis, the role and importance of production information and its operational accounting in making managerial decisions is increasing. The main task of such support is to use new methods of organizing production and sales, and as a result, to reduce costs and improve the quality characteristics of products. The crisis makes more "stringent" requirements for the quality of information for making management decisions. Therefore, it is critically important to use the entire arsenal of the management accounting system, which allows solving these problems. Insufficient or incorrect understanding of the importance of management accounting in times of crisis is the ignorance or ineffective use of its tools in the organization. The purpose of this study is to examine changes in the management accounting system during the crisis. In this work, various aspects of the organization's management accounting are analyzed. The most effective ways to optimize costs in the crisis period of the organization's activities are identified. Long-term anti-crisis solutions are proposed. The presented methods of overcoming the crisis phenomena can be applied in the economic activity of any economic organization.

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Improving the Management Accounting System through Strategic Budgeting in an Industrial Enterprise

Economic Herald of the Donbas ◽

10.12958/1817-3772-2020-4(62)-78-84 ◽

2020 ◽

pp. 78-84

Author(s):

K. Simakov ◽

◽

S. Chernyshova ◽

Keyword(s):

Management Accounting ◽

Industrial Enterprise ◽

Accounting System ◽

Managerial Decisions ◽

Operational Level ◽

Strategic Goals ◽

The Relationship ◽

Budgeting Process

The article defines the principles of formation, development, implementation and use of management accounting at an industrial enterprise. The scheme of making managerial decisions within the concept of budgeting is given. The necessity of determining the role of budgeting in the system of management accounting of an industrial enterprise is substantiated. The relationship between the budgeting process and the strategic goals of the industrial enterprise with the help of a balanced system of indicators, which provides a comprehensive assessment of the strategic indicators of the enterprise by integrating its strategic goals and tactical capabilities. The mechanism of transformation of strategic goals of an industrial enterprise to the operational level with the help of components of a balanced system of indicators is presented. It is proved that the use of strategic budgets in the system of management accounting makes it possible to improve the quality of current and strategic planning in the enterprise, to make it an effective element of the management system.

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PECULIARITIES OF CONFECTION INDUSTRY ORGANIZATIONS, INFLUENCING THE CONSTRUCTION OF MANAGEMENT ACCOUNTING SYSTEM

Vestnik Universiteta ◽

10.26425/1816-4277-2019-5-145-150 ◽

2019 ◽

pp. 145-150

Author(s):

Z. M. Korzovatykh ◽

I. S. Rezonkina

Keyword(s):

Cost Reduction ◽

Management Accounting ◽

Accounting System ◽

Management Decisions ◽

Effective Functioning ◽

The Individual ◽

Management Accounting System ◽

Profit Growth

The peculiarities of activity of the organizations of the confectionery industry have been revealed and grouped by the individual-organisational and industrial criteria. The influence of each feature found on the elements of the management accounting system has been determined. The option of organizing responsibility centers of organizations of the confectionery industry has been proposed. Building a management accounting system, taking into account the identified features, ensures its effective functioning and improves the quality of management decisions, as well as profit growth and cost reduction.

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ACTUAL PROBLEMS OF ACCOUNTING ORGANIZATION ON THE FINANCIAL RESPONSIBILITY CENTERS

Vestnik Universiteta ◽

10.26425/1816-4277-2019-5-116-120 ◽

2019 ◽

pp. 116-120

Author(s):

G. A. Adamova

Keyword(s):

Management Accounting ◽

Financial Structure ◽

Information Support ◽

Accounting System ◽

Quality Of Information ◽

Structural Units ◽

Financial Responsibility ◽

Key Questions ◽

Management Accounting System

The successful functioning of large companies is directly related to the quality of information support for management. One of the important places in the management accounting system is the allocation of responsibility centers and the construction of the financial structure of the company. The article considers key questions of the organization of accounting on the financial responsibility centers and the main problems, facing economic services in the formation of management accounting. The possible relationships between the organizational and financial structures have been disclosed. The recommendations on the distribution of responsibilities and fixing of indicators for structural units in order to implement the established plan of activities have been given. The detail problem of the established indicators, as well as the possibilities of managerial influence from linear managers has been considered.

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Management Accounting in an Early Integrated Industrial: E. I. duPont de Nemours Powder Company, 1903-1912

The Business History Review ◽

10.2307/3113699 ◽

1975 ◽

Vol 49 (2) ◽

pp. 184-204 ◽

Cited By ~ 42

Author(s):

H. Thomas Johnson

Keyword(s):

Management Accounting ◽

Turn Of The Century ◽

Accounting System ◽

Industrial Firms ◽

Centralized Management ◽

Management Accounting System

The appearance of large, integrated industrial firms at the turn of the century encouraged the introduction of innovative accounting practices. Professor Johnson examines the centralized management accounting system that made it possible for one such firm, the DuPont Powder Co., to plan its long-term development and to avoid the internal inefficiency that sometimes accompanies enormous size.

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An Analysis of Management Accounting System Development from the Structuration Theory Viewpoint

JABM JOURNAL of ACCOUNTING - BUSINESS & MANAGEMENT ◽

10.31966/jabminternational.v27i2.688 ◽

2020 ◽

Vol 27 (2) ◽

pp. 1

Author(s):

Anthony Moung Yin Chan ◽

Paul Lo ◽

Kong Ng

Keyword(s):

Management Accounting ◽

System Development ◽

Structuration Theory ◽

Chief Executive ◽

Three Dimensions ◽

Accounting System ◽

Theory Of Structuration ◽

Duality Of Structure ◽

Development And Evolution ◽

Management Accounting System

Our study covered the development and evolution of the management accounting system of a subsidiary company in a group. Our study was a longitudinal one starting from the incorporation of the company. We divided this period into five stages according to the major events happened, namely the formation of the company, the invoicing crisis, the conflict with parent company, the conflict with fellow subsidiaries, and the influence of the chief executive. In our analysis we applied the three dimensions of structure in the theory of structuration (i.e., signification, legitimation and domination). The structuration theory explained the emergence of certain phenomena and events that were not explained by traditional accounting theories. Many events in our study validated the core ideas of the structuration theory which composes of the concepts of structure, system and duality of structure. The phenomena suggested that structure was both the medium and outcome of the conduct it recursively organized. Other features of the theory, such as the dialectic of control and system contradiction, were also applicable

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QUALITY OF LIFE PROBLEMS OF GYNECOLOGICAL CANCER PATIENTS

Problems in oncology ◽

10.37469/0507-3758-2017-63-3-368-374 ◽

2017 ◽

Vol 63 (3) ◽

pp. 368-374

Author(s):

Olga Churuksaeva ◽

Larisa Kolomiets

Keyword(s):

Quality Of Life ◽

Gynecological Cancer ◽

Social Aspects ◽

Cancer Data ◽

Life Problems ◽

Anticancer Treatment ◽

Short And Long Term ◽

The Relationship

Due to improvements in short- and long-term clinical outcomes a study of quality of life is one of the most promising trends in oncology today. This review analyzes the published literature on problems dealing with quality of life of patients with gynecological cancer. Data on quality of life with respect to the extent of anticancer treatment as well as psychological and social aspects are presented. The relationship between quality of life and survival has been estimated.

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