Abstract
The article describes features and relevance of nowadays management accounting for enterprises. The authors define the place and role of management accounting, showing its advantages and differences from business accounting and tax accounting. The research reveals the relevance of management accounting for planning, monitoring and taking rational decisions for the enterprises, as well as the subject and the object of management accounting. It analyzes problems, meaning, prerequisites for the implementation of management accounting for decision making and effective management of an enterprise.
Highlights
Economic activity in the conditions of globalization of integration and automation puts forward new requirements for the management system
It is impossible to accomplish this task without primary improvement of the cost management system and production costs
The analysis of management accounting is of a considerable interest for Ukrainian enterprises
Summary
Economic activity in the conditions of globalization of integration and automation puts forward new requirements for the management system. It should provide economic independence, competitiveness and sustainable financial situation for the market. Management accounting is meant to provide accurate and complete information needed to make correct and effective management decisions that may influence the receipt of the final financial results of the company activity and strengthen its reputation at the market. The Implementation process of management accounting system at an enterprise is a very important and primary task. The research objective is to demonstrate the necessity of management accounting and find sectors for its implementation at industrial enterprises
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