Management Accounting Development in the Process of Digital Economy Formation (Case of Georgia)

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In the article there is given the assessment of digital economy in Georgia. It is established that effectiveness of managing activities of the organization depends on the information level support. There are discussed the issues of evaluation of the management accounting system functioning, development of cost accounting and budgeting methods, selection of the automated system for information and analytical support. The management accounting data allows not only to analyze the financial results of the organization activities, but also to manage costs, formulate assortment, investment, contract and pricing policies, and, consequently, directly to manage the organization work. The management accounting, which is the special system of knowledge, skills and abilities, can be described as the combination of two main subject areas: as a science and as a practical field of activity. The digital economics and management accounting are interrelated, because along with their development, the management accounting data appear digitally, processing them while using the innovative technologies. The management accounting should be flexible enough to provide any data needed to make the managerial decisions. The management accounting automation is the individual and complex process, as it is necessary to “transfer” the requirements of owners, managers to the accounting system, in terms of software product functionality and parameters, in accordance with the approved regulations. There exist the ready-made software products designed for automation of accounting, however, for medium and large business entities, the best option is to refine the software package for their specific activities, which will allow them to get the maximum efficiency. The article discusses the options for setting up the management accounting system in the organization, substantiates the benefits of implementing “1C: ERP Enterprise Management” as the mechanism for effective management of the company resources. Keywords: Automation, information technology, digital economy, management, Management accounting, control. JEL Codes: D83, L86, L96 The scientific works of the following authors are dedicated to a similar topic: Tchiladze .I; Sokolov I.V.; Vakhrushina M.A.; Ivashkevich V.B.; Kaverinoi O.D; Karpova T.P; Khorngrena CH.T; Foster D.J; Antonia R.N; Parker R.N and others.