DEVELOPMENT OF MANAGEMENT ACCOUNTING BASED ON RISK-ORIENTED APPROACH

Abstract

Introduction. The development of society and economy today is a functioning in terms of VUCA – instability, uncertainty, complexity and ambiguity (volatility, uncertainty, complexity, ambiguity), in terms of increasing the amount of information and knowledge. A risk-oriented approach in management accounting provides its flexibility and forecasting of possible company losses. The purpose of the article. The aim is to study the development trends of management accounting in the context of integration of risk-oriented approach. Method (methodology). The article uses methods of analysis and synthesis to systematize the concept of risk-oriented management in the enterprise. To identify the main trends in the development of management accounting in terms of integration of risk-oriented approach, the method of qualitative analysis of statistical data on the use of software by enterprises for management purposes in Ukraine was used. Results. Management accounting and financial planning of Ukrainian enterprises is becoming more flexible through the integration of a risk-oriented approach. In general, the transformation of management accounting automatically occurs through the integration of technology and process automation: changing the structure of the organization, financial workers and accountants are more flexible in making decisions about planning costs, revenues, profits. Technologies and new management methods have solved the problem of overburdening financial staff with routine tasks and processes. Thus, automation has provided a transition from a limited, regulated, chaotic management accounting system to a flexible, hybrid one. Skills and competencies of accountants are expanded, roles are transferred from current to operational, tactical, strategic, advanced analysis is implemented in the accounting system.