Improving the Management Accounting System of a Trade Organization in a Competitive Environment
Akimova N. S., Toporkova O. V., Naumova T. A.

Akimova, Natalia S., Toporkova, Olena V., and Naumova, Tatiana A. (2018) “Improving the Management Accounting System of a Trade Organization in a Competitive Environment.” The Problems of Economy 4:294–300.
https://doi.org/10.32983/2222-0712-2018-4-294-300

Section: Economic statistics. Accounting and Auditing

UDC 657.44:658.821

Abstract:
The aim of the article is to substantiate the need for management accounting and the key principles of building its system in trade enterprises in order to further improve the efficiency of their economic activities. It is noted that under modern conditions management accounting of trade organizations through its functions acts as the information basis for managing their activities. The main goal of the introduction and use of a modern management accounting system in an enterprise has been defined, namely, the adequate and timely provision of all management levels with planned, factual, and forecast information necessary for making sound management decisions based on prompt and detailed collection, systematization, and analysis of information. To build a comprehensive but not excessive management accounting system in trade enterprises, the stages of its formation are proposed, namely: forming accounting policies for management accounting; specifying responsibility centers; compiling a list of reports and their specification; determining break-even point; planning revenue. To solve the problems of the establishment and use of a management accounting system, it is proposed to adhere to certain principles and approaches in its development, implementation, and application. The key elements that determine the overall management accounting information system — responsibility centers, business processes, regulations, results, and performance indicators — are highlighted. The comprehensive approach proposed will allow to effectively solve the problems that arose due to the lack of uniform methodological approaches and sufficient practice of management accounting in trade enterprises.

Keywords: financial accounting, management accounting, management accounting system, features of management accounting in trade, elements of a management accounting system.

Fig.: 1. Tabl.: 2. Bibl.: 14.

Akimova Natalia S. – Candidate of Sciences (Economics), Professor, Professor, Department of Accounting, Audit and Taxation, Kharkiv State University of Food Technology and Trade (333 Klochkіvska Str., Kharkіv, 61051, Ukraine)
Email: akimovans@ukr.net
Toporkova Olena V. – Candidate of Sciences (Economics), Associate Professor, Professor, Department of Accounting, Audit and Taxation, Kharkiv State University of Food Technology and Trade (333 Klochkіvska Str., Kharkіv, 61051, Ukraine)
Email: toporkova.elena@ukr.net
Naumova Tatiana A. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Accounting, Auditing and Taxation, Kharkiv State University of Food Technology and Trade (333 Klochkіvska Str., Kharkіv, 61051, Ukraine)
Email: naumsirik5@gmail.com

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