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.

IMPACT OF REVENUE ACCOUNTING POLICIES ON KEY PERFORMANCE INDICATORS

2021 ◽  
Vol 2 (3) ◽  
pp. 16-23
Author(s):  
G. A. ARUTYUNYAN ◽  
◽  
M. A. VAKHRUSHINA ◽  
Keyword(s):  
Internal Control ◽  
Performance Indicators ◽  
Business Strategy ◽  
Performance Indicator ◽  
Management Accounting ◽  
Key Performance Indicators ◽  
Theoretical Approaches ◽  
A Performance

The article highlights the theoretical approaches for determination of a performance indicator as a tool for management accounting and internal control of a business, on the basis of which various decisions regarding business strategy and personnel motivation may be made. The analysis showed that it is important not only the approach of their definition, but also the data for determination of these indicators. The article provides recommendations for the preparation of accounting policies for revenue accounting in accordance with IFRS 15, which may significantly affect the performance indicators of the company.

scholarly journals Key performance indicators of high-tech enterprises

2018 ◽  
Vol 44 ◽  
pp. 00077 ◽  
Author(s):  
Tatyana Verevka
Keyword(s):  
Strategic Management ◽  
Performance Indicators ◽  
Key Performance Indicators ◽  
High Tech ◽  
Practical Implementation ◽  
Innovative Development ◽  
The World ◽  
Basic Performance ◽  
The Stability ◽  
Intellectual Potential

In the conditions of the transition to innovative development and digital economy, the unconditional priority is shifted to restoration and transformation of high-tech enterprises. The stability of their strategic developing greatly depends on the efficiency of their business activity and the system of the enterprise strategic management. This article defines the basic performance indicators of high-tech enterprises, the particular features of the system to evaluate the efficiency of strategic management of a high-tech enterprise: innovative, scientific-technological and intellectual potential. On the basis of the analysis of the methods widely used all over the world, we developed a system key performance indicators to evaluate the efficiency of high-tech enterprises, with consideration of particular features of operation and development of high-tech enterprises, to enable evaluating the efficiency of their business activities and management through analyzing the inter-related financial and non-financial performance indicators. The practical implementation of this system will make it possible for high-tech enterprises to form a data base for making strategic solutions to ensure competitive advantage of these enterprises and, as a consequence, facilitate their steady development.

scholarly journals Management information used by Spanish Airlines for the financial decision making process: an exploratory study

2016 ◽  
Vol 13 (3) ◽  
pp. 341-352
Author(s):  
Fernando Campa-Planas ◽  
Nicole Kalemba ◽  
Lucía-Clara Banchieri ◽  
Juan Magaz-Pérez
Keyword(s):  
Decision Making ◽  
Strategic Planning ◽  
Performance Indicators ◽  
Management Accounting ◽  
Key Performance Indicators ◽  
Jel Classification ◽  
Decision Making Process ◽  
Quantitative Methodology ◽  
Financial Decision Making ◽  
Financial Decision

The main objective of this research was to examine the degree of practical application of management accounting in Spanish airline companies as far as management accounting is a crucial tool for the financial decision making process. In particular, the goal was to get to know the degree of strategic planning, the utilized methods of budgeting, procedures used to present the comparison between planned and actual results, and the reported key performance indicators, as well as their frequency. Quantitative methodology has been used through the creation of an on-line questionnaire. The results showed that the level of implementation, and utility granted to the different techniques of management accounting in the analyzed companies that are corresponding to the six most important airlines in Spain, is pretty high, helping airline companies to make operations and financial decisions. Keywords: strategic planning, airline companies, financial decision making, key performance indicators, management accounting. JEL Classification: M41, L93

scholarly journals The impact of modern management accounting techniques in evaluating the financial performance of Iraqi companies

2017 ◽  
Vol 3 (2) ◽  
pp. 619
Author(s):  
Suad Adnan Noman
Keyword(s):  
Financial Performance ◽  
Value Chain ◽  
Performance Indicators ◽  
Management Accounting ◽  
Local Market ◽  
Managerial Accounting ◽  
Modern Management ◽  
Quality Costs ◽  
Definition Of ◽  
The Impact

The goal of current research to study and analyze management accounting tools in terms of concept and species, as well as the definition of the financial performance of economic units, and to highlight the importance of modern management accounting tools as a system of information serves the company researched management in determining the direction by seeking to produce and deliver a product that contribute to it all value chain activities in the company conveyed to quality desired the customer at a price that accept and be prepared to pay compared to the various presentations offered by competitors existing in the local market, has focused problematic research on the impact of managerial accounting tools to improve the financial performance indicators, which included research in his theoretical most modern management accounting tools, the modalities of the financial performance of economic units of measure, the General Company for the manufacture of batteries chosen as one of the formations and the Ministry of industry as a sample to the research, the research sample for the years (2012 - 2016) of the sections of planning and production data were collected from the company, were analyzed according to modern trends of management accounting has been reached Find a set of results, most notably the results of the analysis of indicators of the company research sample a significant reduction in the actual production levels for the annual energies planned levels during the period from 2012 until the end of 2016, while bypassing the actual defective on the allowable ratio in the stages of the production process all of the battery liquid ratios, this has led to a rise in the total actual costs of production, especially of them low-quality costs (represented by the failure of internal and external failure costs).

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 Quality Management for Leather Industry to Increase Competitiveness in the Global Market

2021 ◽  
Vol 12 (2) ◽  
pp. 16-30
Author(s):  
Maya Irjayanti ◽  
Anton Mulyono Azis
Keyword(s):  
Quality Management ◽  
Performance Indicators ◽  
Key Performance Indicators ◽  
Global Market ◽  
Constructivist Grounded Theory ◽  
Management Model ◽  
Snowball Sampling ◽  
Leather Industry ◽  
Quality Management Model ◽  
Competitive Products

Abstract The Indonesian government is targeting leather products, especially from West Java to become one of the export commodities that will encourage national economic growth. The existence of a leather industry particularly in the city of Garut has attracted many Indonesian researchers over the years to investigate the condition through many fields of research. However, the latest research identified several barriers related to the leather business development in Garut city, which was related to the optimization ratio of its performance and product quality. This study aimed to design a quality management model and key performance indicators to make this sector competitive in the global market. The research method used was inductive with a qualitative approach and a constructivist grounded theory in developing a quality management model. Theoretical and snowball sampling was chosen in identifying potential participants. The findings of this study contribute to the knowledge and practice of quality management models with key performance indicators that can be used to measure current conditions as a foundation for future improvement in the leather industry to produce competitive products that meet global standard. KPIs were formulated with certain criteria and should be applied by business actors.

scholarly journals Methodical bases of introduction of strategic management accounting in activity of dairy processing enterprises

2019 ◽  
pp. 93-103 ◽  
Author(s):  
Olena Moshkovska
Keyword(s):  
Strategic Management ◽  
Development Strategy ◽  
Management Accounting ◽  
Enterprise Management ◽  
Management Decisions ◽  
Business Executives ◽  
Strategic Management Accounting ◽  
Graphic Modeling ◽  
Implementation Stages ◽  
Enterprise Management System

Introduction. The difficult current situation on the dairy market determines the relevance of the strategic vision of the development prospects of both the industry as a whole and of each individual enterprise in the enterprise management system. Business executives look for tools to develop a strategy based on real, objective information that comprehensively characterizes both the internal and external contours of the dairy enterprise recognizing the importance of defining a development strategy. These searches prove that traditional methods of management and economic analysis do not allow to gather all the necessary information, to identify the cause and effect relationship between the economic problems that arise at the enterprise and the strategic management decisions that result from them. It is possible to solve this problem by using strategic management accounting. Thus, the article defines the methodological bases for the implementation of strategic management accounting in the activities of dairy enterprises. Methods. Both general scientific (analysis, generalization, classification) and special methods of research (decomposition, algorithmization, graphic modeling) are used in the course of work on the articles. Results. The author of the article identified the stages of implementation of strategic management accounting, proposed a model of functioning of strategic management accounting at the dairy enterprise. Discussion. The implementation of the proposed recommendations allows to plan the activities and analyze the risks of implementing the enterprise strategy and on this basis to make management decisions on its optimization. The materials of this article provide an opportunity to determine the prospects for further research, which is to develop proposals for evaluating the effectiveness of implementing strategic management accounting in the activities of dairy enterprises of Ukraine. Keywords: strategic management accounting, dairy enterprises, implementation, stages, model, functioning.

scholarly journals Financial results of the enterprises activities and their use in management

2018 ◽  
pp. 144-151
Author(s):  
Larisa Marmul’
Keyword(s):  
Strategic Management ◽  
Financial Performance ◽  
Market Competition ◽  
Analytical Data ◽  
Entrepreneurial Activity ◽  
Enterprise Management ◽  
Managerial Accounting ◽  
Management Decisions ◽  
The Future ◽  
Reducing Costs

The subject of the research is the peculiarities of the definition and accounting of financial performance of enterprises, implementation and use of the data obtained in the management of their development. The purpose of the work is to identify the features of the content and components of financial performance of enterprises, justify their methods of accounting and analysis, use of the received accounting and analytical data in the tactics of activities and strategies for development in the future and to ensure efficiency and competitiveness. Methodological basis of the article became general scientific and special methods of scientific knowledge, accounting of incomes and expenses, financial results, generalization, method of comparative analysis, statistical and other methods of research. Results of work. It has been determined that financial results are fundamental to ensuring the efficiency and competitiveness of enterprises in a market economy. Therefore, their identification, interpretation of the content of the main factors and components is one of the main tasks of accounting and analysis of entrepreneurial activity. The specification of accounting and analytical information depends on the demands of enterprise management in order to make informed tactical and strategic management decisions. At the same time, it is said, rather, not about reducing costs and increasing revenues, but about their optimization. Increasing costs can even be deliberately admitted in cases of social responsibility. The field of application of results. The results of the study can be used to improve the accounting of income and expenditure, optimizing financial results in general; in the development of managerial accounting. They are important for the management, systematic management of tactical and strategic activities of enterprises as a whole, as well as responsibility centers. Conclusions. Accounting and analytical data on financial performance of enterprises can be used in forecasting and planning of their development in the future. They are the basis for tactical and strategic management decisions in order to increase the efficiency and competitiveness of enterprises in the conditions of market competition and uncertainty of the external environment of management.

ON THE ISSUE OF IMPLEMENTING ELEMENTS OF THE MANAGEMENT ACCOUNTING AND CONTROLLING SYSTEM IN PUBLIC SECTOR ORGANIZATIONS

2020 ◽  
Author(s):  
Владлен Николаевич Ахтияйнен ◽  
Юлия Александровна Котлова
Keyword(s):  
Public Sector ◽  
Strategic Management ◽  
Public Administration ◽  
Management Accounting ◽  
Management Decisions ◽  
The Public ◽  
Controlling System ◽  
Public Sector Organizations

В статье обоснована необходимость внедрения элементов управленческого учета и контроллинга в организациях бюджетного сектора и в связи с этим предложена дополнительная классификация кодов операций сектора государственного управления, позволяющая сформировать более информативную базу для оптимизации стратегических решений управления в учреждениях госсектора. He article substantiates the need to introduce elements of management accounting and controlling in organizations of the budget sector, and in this regard, an additional classification of codes of operations of the public administration sector is proposed, which allows creating a more informative base for optimizing strategic management decisions in public sector institutions.

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