Authors: S. M. TKHAMOKOVA, candidate of economic sciences, associate professor, Kabardino-Balkarian State Agrarian University named after V. M. Kokov (8 Vidyaykina Str., 360000, Kabardino-Balkarian Republic, Nalchik, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.)
Keywords: management accounting, analysis, financial accounting, financial reporting, budgeting, IFRS, costs.
Abstract: The term “management accounting” means that enterprise management understands about the same process, which is an important component of a commercial enterprise management system, but still this process, according to different special- ists, often has serious “organizational” differences. Such a range of opinions is probably caused by the fact that management accounting processes at various enterprises consist of different blocks. Therefore, there is some confusion between “what is management accounting in reality” and “what do we call management accounting in our company”. In this article we consider the most common types and subtypes of management accounting systems, including their defining properties, as well as the formation of management accounting systems, develop an expert-practical approach to management accounting, as well as examine its key features due to the Russian realities of doing business. A number of experts believe that management accounting in an enterprise is a methodology for preparing and evaluating information about the work of a company. In our opinion, it will be much more accurate to define management accounting as a special and, perhaps, the only correct way to manage a business, based on the planning and analysis of the system, and not on a single process, that is, all processes, without exception, in all areas of their work. interconnections with each other. The organization of a management accounting system at an enterprise is needed primarily to ensure that all business units receive information and various economic information about the company’s activities in order to effectively implement their functions. That is, to some extent management accounting can be viewed as a system for providing information (not in a broad sense, but in terms of management accounting tasks), although this definition does not disclose the full completeness of management accounting functions in an enterprise.
