Management accounting in the system of financial business management

Economics and management


Stepanov O. N.1, Spasibina E. V.2

1. Moscow Aviation Institute (National Research University), 4, Volokolamskoe shosse, Moscow, А-80, GSP-3, 125993, Russia
2. Ltd. "S.A.Partnerstvo",


Management accounting solves the task of providing financial information for each level of enterprise management from head management to the medium and lower management level for adoption of scientifically-founded strategic and tactical management decisions. The main components of such a management system include: - material components (department, specialist, software); non-material components (trends, income centers, cost centers, chart of accounts, reporting formats on costs, on profits and losses; financial analysis reports on results obtained by the management accounting system, accounting policy); procedural components: system of co-relations in reference to information gathering for the needs of management accounting; availability of various level of management accounting system. The levels of management accounting system are established depending upon the business specifics: the first level - means the total registration of all the financial-commercial operations in a special data base; the second level - means entering the data in a consolidated, generalized form with application of different registers (for example, accounting); the third level - means providing sampling reports on separate issues. The first level with elements of the second reveals itself as the most optimum, i.e. total registration of all the financial operations including summary data on separate blocks.

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