DEVELOPMENT OF DECISION-MAKING MECHANISMS BASED ON MANAGEMENT ACCOUNTING AND REPORTING

Аннотация

To obtain an objective picture of the state of financial and economic activity, the management of companies, as a rule, uses management accounting data. The management reporting of a company, as a rule, is seriously different from the financial statements, because it is prepared not for inspection and regulatory bodies, but for the management of the enterprise. If the information in management reporting is inaccurate, then management will not represent the real state of affairs in the company. In this regard, the issue related to the organization of the accounting process of management information, the formalization of management accounting, reporting and monitoring methods, as well as the formalization of budgeting and decision-making mechanisms based on management information, comes to the fore.