MODERN ASPECTS OF STRATEGIC MANAGEMENT ACCOUNTING AND ANALYSIS

2020 ◽  
Vol 3 (3) ◽  
pp. 115-121
Author(s):  
V. F. NESVETAILOV ◽  
◽  
S. M. BUKHARIEV ◽  
Keyword(s):  
Strategic Management ◽  
Internal State ◽  
Balance Sheet ◽  
Mathematical Apparatus ◽  
Economic Entity ◽  
Strategic Management Accounting ◽  
Single Interval ◽  
Linguistic Assessment ◽  
Strategic Management Process

In the article, the authors considered the parameters of the strategic management process using the mathematical apparatus of fuzzy sets, which allow us to express the internal state of the enterprise through an interval-linguistic assessment of multidirectional changes in economic indicators. The study conducted in the article is based on an effective approach based on the idea of additive con-volution of selected indicators into a single interval with a linguistic assessment of the result at a time to by V. V. Pankov's method (N & P), which allows us to abandon the subjective determination of the weight of indi-vidual coefficients, since in comparison with the forecast balance sheet developed according to the scenario of strategic sustainable development of an economic entity, we obtain primary reliable data.

Innovation as an Element of Strategic Management Accounting

2018 ◽  
Vol 5 (3) ◽  
pp. 24-29
Author(s):  
T. S. Hudaib
Keyword(s):  
Strategic Management ◽  
Production Efficiency ◽  
Management Accounting ◽  
Operating Conditions ◽  
Optimal Position ◽  
External Stimulation ◽  
Economic Entity ◽  
Strategic Management Accounting ◽  
Internal Mechanism ◽  
Reproductive Processes

Strategic management accounts (SMA) is designed to maintain the optimal position of the economic entity in the external environment. Such position is supported through implementation of a set of measures based on the elements and characteristics of SMA which makes it possible to use fully the whole potential of the production system. This system is based on the principles of production efficiency and allows the fluctuations in socio-economic indicators measuring the performance of an economic entity in a certain period of time and in a certain economic zone. A possible way to achieve this effect is to create the company’s reproductive circuit, which has an innovative basis. The reproduction circuit is a set of conditions aimed at the continuous implementation of reproductive processes in relation to the resource potential of an economic entity, which allows and stimulates the introduction in its production process a number of innovation technologies to get additional effect in accordance with the requirements of intensification.The reproduction circuit is divided into external and internal. The former forms a set of external stimulation actions, and the latter is focused on the use of inducing action of information and technological nature, as well as an internal mechanism of the enterprise.Consolidation of the external and internal reproduction circuit determines the efficiency of each production unit of the economic entity, taking into account the speed of its adaptation to the new operating conditions by different parameters.Elements and characteristics of SMA are those functions that make SMA uniquely different from other forms of accounting (management accounting and financial accounting). This article represents the relevance of the analysis of innovations, as one of the elements of SMA.

scholarly journals MANAGEMENT ACCOUNTING AS A DIRECTION OF THE STRATEGIC MANAGEMENT PROCESS

2020 ◽  
pp. 139-144
Author(s):  
Elena Vladimirovna Natarova
Keyword(s):  
Strategic Management ◽  
Management Accounting ◽  
Point Of View ◽  
Competitive Advantages ◽  
Royal Institute ◽  
Strategic Decisions ◽  
Academic Literature ◽  
The Past ◽  
Strategic Management Accounting ◽  
Strategic Management Process

Strategic management accounting has developed over the past thirty years, but there is still no agreement in the academic literature in terms of understanding the concepts and methods of this area of accounting. The adaptation of methods of strategic management accounting depends on the point of view on the concept of strategic management itself. To achieve competitive advantages, various concepts and applications of accurate strategic management accounting have been developed and studied, which becomes a challenge for accounting practices when providing up-to-date information in the process of making strategic decisions for the company. The article examines the concept of «strategic management accounting», discusses the development of this direction in accounting, and also presents the results of a study conducted under the auspices of the Royal Institute of management accounting, devoted to the question of the extent to which management accounting supports the process of strategic management.

CURRENT ISSUES OF APPLYING THE CONCEPT OF COST MANAGEMENT IN STRATEGIC MANAGEMENT ACCOUNTING

2021 ◽  
pp. 36-42
Author(s):  
Y. A. Kotlova
Keyword(s):  
Strategic Management ◽  
Balanced Scorecard ◽  
Cost Management ◽  
Management Accounting ◽  
Management Tool ◽  
Effective Management ◽  
Economic Entity ◽  
Controlling System ◽  
Strategic Management Accounting

The article substantiates the need to focus not on the immediate profit, but on the long-term value of the economic entity in the framework of the implementation of controlling system and management accounting balanced scorecard, as an effective management tool for the sustainability of the economic entity

The Reevaluation of Tangible Fixed – Accounting and Tax Implications

2020 ◽  
Vol 26 (2) ◽  
pp. 63-70
Author(s):  
Mihaela Nicoară
Keyword(s):  
Balance Sheet ◽  
Financial Statements ◽  
Fair Value ◽  
Financial Statement ◽  
Accurate Information ◽  
Accounting Data ◽  
Data Registration ◽  
Economic Entity ◽  
Tangible Assets

AbstractThe revaluation of the assets represents the economic operation as a result of which the carrying amount of the assets is correlated with their current value, thus ensuring relevant data registration in annual financial statements and, through this, more accurate information of accounting data users. The evaluations made during the reorganization of enterprises (fusions, divisions) don’t form a revaluation, these evaluations aiming the determination of the exchange ratio of all the balance sheet elements. Exceptions are the cases where the date of the financial statement that underlies the reorganization is the same date of the annual financial statements. The revaluation of tangible assets is made at their fair value at the date of the balance sheet. The assets’ fair value is determined based on evaluations usually made by authorized evaluators, according to the law. The historical costs principle is based on the hypothesis of the stable monetary union, which means that is respecting the nominal values of the currency without taking into account of the purchasing power variations. The practice in the field showed that the application of the fair value in accounting is leading to obtain annual financial statements which provide better information regarding the present and future performances of the economic entity.

Developing the adaptive process-based budgeting through TD-ABC and TD-ABB as part of strategic management accounting

2020 ◽  
Vol 23 (10) ◽  
pp. 1182-1194
Author(s):  
A.A. Akhmetzyanov ◽  
A.Yu. Sokolov
Keyword(s):  
Strategic Management ◽  
Cost Allocation ◽  
Management Accounting ◽  
Practical Significance ◽  
Common Time ◽  
Strategic Management Accounting ◽  
Scientific Papers ◽  
The Subject ◽  
The Common ◽  
The Cost

Subject. The article focuses on the advanced time-driven tools for allocating overhead expenses, which are based on process-based budgeting. Objectives. We articulate a technique for cost allocation so as to assess the cost of each process with reference to the common time driver. Methods. The study relies upon methods of systematization, classification, analogy and comparison, and summarizes the scientific literature on the subject. Results. The article presents our own suggestions on implementing TD-ABC and TD-ABB into the strategic management accounting process of developer companies. The principles were proved to help more effectively allocate overhead expenses and assess the capacity load of each process performed by functions, departments and employees. Carrying out a comparative analysis, we found certain reserves for utilizing resources more effectively. Conclusions and Relevance. The findings are of scientific and practical significance and can be used by developer and construction businesses. The conclusions can prove helpful for scientific papers, student books, and further research.

Actual issues of valuation of businesses of the economic entity

2017 ◽  
Vol 31 (2) ◽  
pp. 156-162 ◽  
Author(s):  
O. V. Schneider
Keyword(s):  
Discount Rate ◽  
Accurate Prediction ◽  
Economic Activities ◽  
Business Valuation ◽  
Economic Entity ◽  
The World ◽  
Definition Of

The article summarizes the main approaches in the definition of business valuation the economic entity. In the process of business valuation, taking into account the risks of financial and economic activities necessary to obtain information on what stage the owner implements the business will receive income. The most difficult task is the impossibility of accurate prediction in determining the level of income and the determination of a discount rate capitalization of future incomes due to the instability of the economy, both in the country and around the world.

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