Strategic Development of Management Accounting at Large Industrial Corporations

Nina Ilysheva, Vasily Karaulov, Kristina Bulgakova

2021

Abstract

The given publication's objective is to research into the formation process of a strategic approach in the management accounting of large industrial corporations in a competitive environment in oder to maintain the leading position in their business segment. Meeting the formulated objective, the following tasks were set: to consider the management accounting formation process and the prerequisites for the strategic management accounting formation; to develop a theory of an integrated performance management system as the basis for the strategic management accounting. Works of scientists and economists in accounting, management accounting, economic, financial and strategic analysis have served as the theoretical and methodological basis for this publication. Based on the results of this study, we have come to the following conclusions. Today, the tools of traditional production accounting in management accounting are inapplicable. One should use any useful methods such as: value chain analysis, balanced scorecard, mathematical methods and many others. The strategic approach to planning, accounting, cost analysis is a new, higher level of the accounting and analytical system of the enterprise. At which point one selects the key indicator, that affects the costs, the choice of the relevant mathematical model, describing the costs forecast. This indicator forms high-quality information background for a company's management in making effective management decisions. An integrated performance management system is to solve the afore-said problems. The practical significance of the research is in the application of the outcomes and recommendations to the management accounting at an enterprise, thus improving the quality of management decisions

Paper Citation

in Harvard Style

Ilysheva N., Karaulov V. and Bulgakova K. (2021). Strategic Development of Management Accounting at Large Industrial Corporations. In Proceedings of the International Scientific-Practical Conference "Ensuring the Stability and Security of Socio-Economic Systems: Overcoming the Threats of the Crisis Space" - Volume 1: SES, ISBN 978-989-758-546-3, pages 111-116. DOI: 10.5220/0010694000003169

in Bibtex Style

@conference{ses21,
author={Nina Ilysheva and Vasily Karaulov and Kristina Bulgakova},
title={Strategic Development of Management Accounting at Large Industrial Corporations},
booktitle={Proceedings of the International Scientific-Practical Conference "Ensuring the Stability and Security of Socio-Economic Systems: Overcoming the Threats of the Crisis Space" - Volume 1: SES,},
year={2021},
pages={111-116},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0010694000003169},
isbn={978-989-758-546-3},
}

in EndNote Style

TY - CONF

JO - Proceedings of the International Scientific-Practical Conference "Ensuring the Stability and Security of Socio-Economic Systems: Overcoming the Threats of the Crisis Space" - Volume 1: SES,
TI - Strategic Development of Management Accounting at Large Industrial Corporations
SN - 978-989-758-546-3
AU - Ilysheva N.
AU - Karaulov V.
AU - Bulgakova K.
PY - 2021
SP - 111
EP - 116
DO - 10.5220/0010694000003169