INFORMATION SPACE FOR MANAGEMENT ACCOUNTING

Abstract

Subject. Publications of recent years testify to the increased scientific interest in the theory and practice of management accounting. The focus of modern research in management accounting is put on understanding of its principles, subject matter, problems and experience in setting up the system as well as directions for further development. The paper addresses the problem of defining the information space of management accounting. Since the definition of “management accounting” lacks unambiguous interpretation, the issue of the information space is relevant and subject to discussion. Purpose. Justification of the need to expand the information space of management accounting. Method / methodology. The paper analyzes and generalizes the findings of the research into some theoretical provisions of management accounting; the expert opinions on the definition of the subject matter of management accounting are examined along with arguments substantiating conclusions about the boundaries of the information space of the management accounting system. Results. The considered arguments, largely conditioned by changes in the business environment, testify to the inevitability of expanding the management accounting information space in order to provide the accounting and analytical support for the management process. Application. The research findings and conclusions can be taken into account in investigations into the field of theory and practice of management accounting and determining the trends for its further development. Conclusions. It is concluded that there is a need in broad understanding of the subject matter of management accounting and the boundlessness of its information space, which makes it necessary to change its concept, inherent objects, etc. and also demonstrates the need to develop tools for accounting-analytical support of the management in the business environment.