Management Accounting Principles Research Articles

Concepts of management accounting in the context of its definition and relation to the accounting essence

Subject. This article examines the present-day essential content of the category promoted by foreign professional associations, and assesses its compliance with the functionality used in the Russian Federation. Objectives. The article aims to find and describe the essential content of what is called Management Accounting in Russia and abroad due to the lack of a clear institutional scientific justification. Methods. For the study, we used general scientific methods of cognition, namely induction and deduction, analysis and synthesis, modeling, comparison, extrapolation, as well as the comprehensive, and functional-and-targeted approaches. Results. The article identifies and describes significant problems that underlie the versatility of the semantic content of the term Management Accounting. Conclusions and Relevance. The Global Principles of Management Accounting is a framework document that defines the principles of management based on accounting and analytical data, but not management accounting in the sense of collecting information and recording and summarizing it. It would be logical to break down the categories into accounting for management, that is management accounting, and management based on accounting data, that is analytical (accounting) management. Language (term translation) inconsistencies can also be considered a negative impact on the understanding of foreign documents. The results of the study of the subject and functional area of management accounting, presented in the article, are useful for continuing the discussion and understanding the semantic content of individual accounting categories.

The Important Role of Management Accounting in Optimizing Cost Control and Improving Profitability in the Service Sector

Management accounting plays a very important strategic role in improving the profitability of the service sector. Its function goes beyond the mere recording of financial transactions to include analyzing and managing operational costs with a critical and in-depth approach. Through techniques such as activity-based costing, companies can accurately identify key cost sources and implement more effective control measures. The results of this analysis allow companies to set more competitive prices, increase profit margins, and maximize operational efficiency. Management accounting provides data and insights that are essential for strategic decision-making. Accurate information on financial and operational performance enables management to assess the effectiveness of various business initiatives, including new product development and market expansion. This critical analysis helps identify areas where efficiency can be improved and costs can be reduced, thereby supporting long-term strategies for sustainable growth. The integration of management accounting principles into the operational strategies of service companies enables them to face the challenges of a dynamic market, improve competitiveness, and achieve sustained profitability. Management accounting not only helps in cost control but also makes a significant contribution in improving the quality of decision making and strategic planning. A suitable approach for companies can achieve better financial and operational goals, ensuring sustainability and steady growth in an increasingly competitive business environment. Management accounting, thus, is a tool that not only supports efficiency but also encourages innovation and strategic adaptation critical for long-term success.

Principles of Management Accounting: A Critique

This paper gives a critical evaluation of the five main sets of management accounting principles formulated in the accounting literature over the last eighty years. The aim is to problematize management accounting principles as a crucial research area that requires reconsideration and integration of contemporary achievements in science. The main weaknesses of the existing management accounting principles have been identified. These weaknesses are due to the theoretical foundations used or the inductive approach applied. They lead to the uncritical acceptance of the old imperative that, by definition, there is a direct relationship between management accounting information and the organizational value created. The moderating role of the human aspects remains somehow widely underestimated. These aspects make the creation of organizational value a behavioral problem that requires behavioral solutions. A possible behavioral solution is to further develop management accounting principles in the field of behavioral sciences and to work on the development of behavioral principles of management accounting. This general idea concludes the contribution of the paper to the existing accounting literature.

BUDGETING AS A COMPONENT OF THE COST MANAGEMENT SYSTEM

The purpose of the article is to generalize the theoretical provisions and methodological principles of cost management at the enterprise when implementing elements of budgeting as a management technology with the aim of making effective management decisions. The relevance of the development and implementation of budgeting is explained by the fact that the economic activity of any enterprise involves the regulation of the volumes of various types of expenses. The efficiency of the enterprise largely depends on the correctly chosen management strategy, the economic potential possessed by the enterprise, on the competitiveness of its products, including the level of costs. It is shown that one of the mechanisms of effective cost management is the budgeting mechanism. Budgeting is the process of planning the future operations of the enterprise and recording its results in the form of a system of budgets. “Budgeting” is also considered as a management technology designed for the development of a financial plan (budget) with the aim of more rational use of resources and increasing the efficiency of management decisions made at the enterprise. The essence of budgeting, as a component of the expenditure management system, consists in the development of interdependent plans for the production, financial and economic activity of the enterprise as a whole and separately for its structural subdivisions, based on current and strategic goals of operation. The role and place of budgeting in the enterprise management system are quite fully characterized by the functions of the budget. It is shown that budgeting ensures the systematic management of the enterprise. It was determined that the problems of methodological principles of management accounting of production costs in the information support of budgeting, not only at the enterprise level, but also, as required by modern conditions of in-depth control, in terms of structural production units of “responsibility centers”, can be solved with the use of “flexible” budgets , which are formed during the production process. Management by responsibility centers is one of the subsystems that ensure internal company management.

Organizational and individual contingency factors and management practices

It has been argued that the decision-making process has never been more important (or complex) as it has increased the amount of unstructured information, increasingly hostile competition and frequent innovations. In this context, the Global Management Accounting Principles (GMAP) were proposed with the objective of assisting managers of different organizations to evaluate and improve their Management Accounting System (MAS), improving the information provided and, consequently, decision making. In this way, the aim of this study consisted of analyzing the associations between organizational and individual Contingency factors and management practices from the perspective of the GMAP of the industries in Paraíba. To this end, managers’ data from 86 industries were acquired through the application of an electronic questionnaire during the year 2020. The data analysis was performed using Spearman's correlation. Regarding organizational contingencies, positive and significant associations were found between strategy and practices related to GMAP. However, the size didn’t show significant association with the adoption of such practices. Regarding individual contingencies, negative and significant associations were found between the manager’s time in the position and one of the management practices. Additionally, the manager’s education showed positive and significant association with some practices related to GMAP. In conclusion, no significant associations between manager’s age and management practices were found. This study contributes to the literature by analyzing the antecedents of contemporary management practices from a new perspective (the GMAP). Little is known about the factors that contribute to an effective management accounting function in light of the guidelines provided by the GMAP structure. Likewise, these results may be of interest to professionals as they provide important reflections on the contribution of GMAP to management, as well as they point to the need for such practices to be implemented considering the specific context of each organization.

The Impact of Cost-Benefit Analysis on Firm Performance: A Review

The majority of businesses aim to boost their performance in every manner they can. Those that make an effort to develop, attain, and maintain performance can hold the winning card. Thus, it is imperative to compete in a constantly changing environment in order to understand and track success. One way that business firms can innovatively achieve this business success in the changing landscape of the twenty first century business environment is by applying the tenets of cost benefit analysis in their decision making. This conceptual paper reviews scholarly works on the topic in order to propose hypotheses that could be used in future studies to address the influence of cost benefit analysis, in improving firm performance. It does so by drawing on the principles of strategic management accounting and the perspectives of the cost benefit analysis. A probe into this problem would be crucial for Iraq and, indirectly, those Middle Eastern nations that are connected to Iraq on a sociocultural and economic level. This paper's uniqueness comes from its contribution to the improvement of theoretical, conceptual, and methodological reasoning for the connections between strategic cost-benefit analysis applications and firm performance in business organisations. This will help to strengthen the current literature's discussion.

FORMATION OF INFORMATION SUPPORT FOR SUSTAINABLE DEVELOPMENT MANAGEMENT OF THE ENTERPRISE

The article substantiates the conceptual provisions of management accounting, taking into account the socially oriented approach, which will provide solutions to management problems that arise in the process of achieving sustainable development goals. Methodological, methodological, organizational and technological aspects related to the formation of the information product generated in management accounting are revealed. The concepts of management accounting related to the function of management accounting, the use of results, process and technology, the potential of the function are considered. As a result of the disclosure of the methodological aspect, the conceptual provisions of management accounting are determined, taking into account the principles of sustainable development. The essence of management accounting, the purpose and tasks of its maintenance which consider the certain purposes of sustainable development of the enterprise are defined. The subject, objects, elements of the method, functions and principles of management accounting, taking into account the socially oriented approach, are revealed. The methods of management accounting are analyzed, which provide the formation of information about the value of the enterprise and the degree of influence of environmental and social factors on it. Methods of target costing, Kaiser costing, JIT, the concept of strategic cost management, the system of balanced scores, benchmarking are considered. Emphasis is placed on the relevance of strategic management accounting, which will ensure the solution of sustainable development of the enterprise. The essence of organizational and technological aspects of the study of management accounting as an element of the accounting subsystem in the system of information support of sustainable development is highlighted. The evaluation of classical and compilation approaches within the organizational aspect of management accounting is carried out. It is proved that only as a result of a comprehensive approach to the construction of management accounting at the enterprise can be formed information that will provide management staff to make effective decisions in the field of economic, environmental and social aspects of the enterprise.

The global management accounting principles (GMAP) and the relationship between organizational design elements

PurposeThis study aims to investigate the relationship between organizational design elements (i.e. quality of management accounting skills and performance management system, PMS), management accounting practice (MAP) sophistication and organizational competitiveness using the Global Management Accounting Principles (GMAP) framework.Design/methodology/approachSurvey data was obtained through a structured questionnaire from 131 Nigerian firms. Measures of the quality of management accounting skills, robustness of PMS structure, MAP sophistication and organizational competitiveness were derived from the GMAP framework. Structural equation modelling was applied to explore the complexity of relationship among variables.FindingsWhile the quality of management accounting skills was found to have a positive but insignificant impact on MAP sophistication, the impact of PMS structure on MAP sophistication was positive and significant. MAP sophistication has a positive impact on organizational competitiveness, but the magnitude of its contribution appears to depend on the quality of management accounting skills and the robustness of PMS structure. The inability of MAP sophistication to exert much influence on organizational competitiveness is attributable to the low contribution of management accounting skills. The result supports the proposition that performance is optimized when all organizational design elements are concurrently improved.Practical implicationsThe study shows that organizations need to critically look into the quality of skills possessed by personnel in the accounting function, as all organizational design elements must be given equal importance to achieve the best results.Originality/valueThe study contributes to knowledge by investigating the quality of management accounting skills and the robustness of PMS as organizational design elements affecting MAP and organizational competitiveness using the GMAP framework. The study operationalizes some elements of the GMAP framework by developing measurements that can be used by future studies.

Interactive Spreadsheeting: A Learning Strategy and Exercises for Calculative Management Accounting Principles

ABSTRACT This paper provides an active learning strategy with 34 interactive Excel spreadsheets incorporating 8 core calculative principles for use in management accounting courses. Central to this “interactive learning strategy” is how the dynamic formula functionality of Excel enables highly complex calculative exercises to be parsimoniously structured in templates with color-coded instant feedback. Careful design and selection of solution cells focus learning on core concepts of calculative principles. The strategy involves three forms of interactive learning: students interact with the exercises via the instant feedback functionality, students can interact personally with the instructor, and students can collaboratively interact with other students. With the exercises, the learning strategy is easily implementable into in-person and online classes as complements to traditional lecture segments and textbook exercises. It offers a more engaging and more productive learning experience as perceived by students compared to traditional “pen and paper” exercises (for online classes too). Data Availability: Data are available upon request.

УПРАВЛЕНЧЕСКИЙ УЧЕТ В ГЛОБАЛЬНОМ МИРЕ: МЕЖДУ ФУНКЦИЕЙ И РОЛЬЮ

The processes of globalization, affecting all spheres of social and economic life, are also changing approaches to management accounting. One of the indicators and at the same time a consequence of this process is the emergence of global principles of management accounting. The article provides an overview of modern approaches to understanding the functions and role content of management accounting. It is shown that in the context of globalization, when the basic ideas about management change, the role of management accounting will constantly expand.

INTERNATIONAL FINANCIAL REPORTING STANDARDS AS A TOOL FOR REGULATORY SUPPORT OF OPERATIONS WITH THE LOAN PORTFOLIO OF UKRAINIAN BANKS

The article analyzes the problem of application of information-analytical and regulatory support of operations with the credit portfolio of the Bank, which is currently relevant and Central to successful lending, and therefore to ensure the return of loans and increase the profitability of credit operations. The necessity of forming an effective and efficient system of information-analytical and legal support of operations with the credit portfolio of commercial banks, the main tool of which is the international financial reporting standards, is revealed. It is determined that the requirements of the modern level of globalization are still ahead of the adoption of integration changes regarding the rules and principles of accounting and management accounting by commercial banks of Ukraine. A universal, effective and efficient system of legal regulation of operations with the credit portfolio of a commercial Bank is built on the basis of the study. It is proved that the regulation of operations with the credit portfolio of a commercial Bank can be schematically represented as a hierarchical scheme with 4 levels, where International accounting standards and International financial reporting standards represent the main first level. It was revealed that according to the international financial reporting standards, loans provided by banks belong to the category of financial assets, which are one of the types of financial instruments. The other three levels of the system of legal regulation of operations with the credit portfolio of a commercial Bank, which are derived from the first level, are analyzed. It is concluded that for a more effective organization of accounting it is necessary to harmonize the Ukrainian legislation in accordance with the requirements of International financial reporting standards, and therefore commercial banks with the help of such a system of analytical indicators will be able to constantly monitor changes in the economic system and respond in a timely manner by making appropriate adjustments in case of unsatisfactory developments

Teaching modules: Levels of cross-subsidising at a South African university

Traditional universities, typically presenting face-to-face education on-campus, are facing their biggest survival crisis in decades. COVID-19 fast-tracked the impact of the Fourth Industrial Revolution (4IR) on universities in terms of online education, rethinking their core disciplines and even their role in society. In a matter of months, most universities had to embrace technology to educate their students. Huge amounts of money had to be spent to retrain staff and invest in technology, leading to significant increases in spending. In addition, the world is experiencing a massive rise in unemployment, which is already leading to declining student numbers and a need for more affordable education. The primary research objective of this article was to determine the levels of cross-subsidy of teaching modules at a South African university using cost and management accounting principles. The sample consisted of 3 689 modules with 286 831 students enrolled during 2018 at a selected South African university. The authors of this article are convinced that the costing methodology applied in this study is unique and sound, and, in spite of the fact that the results reflect the figures of only one university, it is quite likely that most traditional universities are facing the same dilemma. The results of this study indicated that 49,7 per cent (1 769) of the teaching modules at the related university did not cover their direct cost in 2018. In addition, the 1 769 modules not covering their direct costs, accounted for only 5,2 per cent of all enrolments. Hence, if the selected university had to close 47,9 per cent of the modules not covering their direct costs, it would only impact 14 867 of 286 832 enrolments, which is negligible. The unique contribution of this research is to assist traditional universities to avail resources to fund the critical changes needed to combat COVID-19 and embrace the 4IR.

Comparative analysis of foreign experience in accounting of machine and tractor fleet depreciation in agricultural organizations

The article presents a conceptual overview of modern approaches to accounting for depreciation of machine and tractor fleet in agrarian production used in different countries of the world. The emphasis is placed on the agricultural specifics, which determines the use of certain methods and tools for calculating depreciation charges. The mechanism of the influence of the operating conditions of agricultural machinery on the choice of the organization’s depreciation policy, as well as the distinctive principles of management accounting for depreciation at agricultural enterprises, is disclosed, the possibilities of taking into account a number of specific factors in the process of determining depreciation are considered – inflation, uneven operation of equipment, its repair cycle, etc. The problem of scientifically based distribution of the value of long-term assets over time is touched upon.

Global Management Accounting Principles: Relationship between Management Practices and the Performance of Brazilian Companies

Abstract Purpose: Economic changes related to organizational structures and new business models require a new positioning of management accounting. The Global Management Accounting Principles (GMAP), as a guide to good practice, play the role of assisting organizations in creating better frameworks to support their decisions. The objective of this research is to analyze the relationship between the GMAP and the performance of Brazilian companies, from both an operational and an economic perspective. Design/methodology/approach: The final sample comprised 342 companies listed on the B3 (Brasil, Bolsa, Balcao) exchange, from 2010 to 2016. The methodology used to answer the research problem consisted of constructing an index of compliance with the recommendations proposed by the GMAP and observing the impacts of good management accounting practices on organizational performance, which was estimated according to operational and economic aspects. Findings: It was observed that the adopted management practices positively affect market performance and future growth expectations. This is already presumed by the CGMA proposal and the management literature, since management practices are routines incorporated into the organizational identity of companies and are reflected in better long-term results. Research Practical & Social implications: Considering the results obtained, the study contributes to the proposal presented by the CGMA, by reinforcing the role that management accounting plays in companies’ decision making, and how it is a relevant element for the future performance of organizations. In addition, it contributes to the market by presenting a structure focused specifically on controlling and management decisions, to assist in choosing tools that have a positive impact on results.

УПРАВЛЕНЧЕСКИЙ УЧЕТ В СЕЛЬСКОМ ХОЗЯЙСТВЕ

The article examines the issues of setting and maintaining accounting management accounting by agricultural organizations in the Russian Federation. The modern trends of management accounting are considered. The article reveals the issues of substantiation of the requirements and principles of management accounting in agriculture to ensure the successful functioning of agricultural organizations. The analysis of the opinions of researchers on this issue is carried out. The article attempts to systematize the issues of setting and increasing information support for decision-making in agriculture, which has become quite a multifaceted and problematic issue today when optimizing the management system, and is aimed at introducing management accounting, which implies expanding and increasing the information flow.

СУТНІСТЬ ПРИНЦИПІВ УПРАВЛІНСЬКОГО ОБЛІКУ

The initial positions of management accounting and the qualitative properties of accounting and management information are fixed in its principles. The principles of management accounting allow us to determine its place in the system of activity of the enterprise. Strict compliance with these principles allows not only to organize management accounting at the enterprise, but also to ensure the development of its method, strengthen its position in the enterprise management system, and therefore their research is relevant and urgent. The purpose of the paper is to study the essence of management accounting principles based on the analysis of the views of research scientists in various literature sources. In the process of research, general scientific methods of cognition are used: historical approach is used to clarify the principles of management accounting in their historical development; logical method is used to establish the essence of each of the principles; system method is applied to determine the composition and number of principles in different scientistsresearchers; method of classification is used to combine the author's views on the principles of management accounting; grouping-to generalize similar principles in essence; graphic method is applied for a visual representation of the obtained research results. The conducted research revealed the lack of consensus on the number, composition and essence of management accounting principles. We analyzed almost twenty literary sources (scientific professional articles, textbooks and manuals), of which 68 principles with 92 author's interpretations of the principles of management accounting were summarized. ОБЛІК, АНАЛІЗ І АУДИТ 92 Випуск IІ (82), 2021 It is established that the overwhelming majority of researchers identify basic (general) and specific (special) principles of management accounting. The largest number (seven definitions each) is proposed in relation to the essence of: methodological principles; the principle of orientation of accounting to achieve strategic goals of the enterprise (strategic orientation); principles related to budgeting processes; the principle of evaluating the performance of structural divisions of the enterprise. Five different definitions are presented in relation to the principles of effectiveness, responsibility and frequency. There are more than 30 principles that are considered by only one author. There is also a tendency to identify fundamentally new principles (for example, moral and ethical ones) in the works of the last two years. It is revealed that in modern conditions, almost all works devoted to the study of management accounting principles determine the importance of global principles developed by the American Institute of Certified Public Accountants (AICPA) and the Privileged Institute of Management Accountants (CIMA). Although, now the global principles of management accounting are advisory in nature, however, their use seems relevant and appropriate to us for all business entities, regardless of their size, form of ownership, types and features of activity. Prospects for further research are seen in the consideration of the relationship between the principles of management accounting and management principles and the establishment of the quality and features of the manifestation of management accounting principles under the influence of industry-specific features of enterprises ' activities.

CORPORATE GOVERNANCE AND GLOBAL MANAGEMENT ACCOUNTING PRINCIPLES IN PUBLIC COMPANIES IN BRAZIL

Objective: The objective of this research is to verify the relations of Corporate Governance with the Global Management Accounting Principles (GMAP) of public companies in Brazil.Methods: This is a descriptive study with a quantitative approach. With a sample of 311 companies that traded shares in Brasil, Bolsa and Balcão (Brazil Stock Exchange and Over-the-Counter Market - B3), data were collected from Comdinheiro, reference forms, companies’ website, the Brazilian Securities and Exchange Commission (CVM) and B3, management reports, annual reports, financial statements and sustainability reports, ranging from 2010 to 2016. In relation to the dependent variable, indexes were constructed to represent the GMAP (IGMAP). The explanatory variables were represented by the dimensions: Board of Directors, Ownership Structure and Control and Executive Compensation.Results and discussions: The results show that in the dimension of the Board of Directors, companies from the Novo Mercado (New Market) are the ones that best represent the analyzed relationships, given that independence and meetings positively explain the GMAP. The age of directors and the accumulation of positions of president and CEO have a negative influence on the GMAP. In addition, the Ownership Structure had a negative impact on the GMAP, although only companies in the Level 2 segment and with little representative coefficient. In addition, fixed remuneration also explains the GMAP, this for all segments of governance. Contributions: The study's findings contribute to the debate on the relevance of Corporate Governance practices associated with Management Accounting, since governance requires reports with adequate internal practices, especially for the survival of companies operating in competitive markets.

The innovation center as part of strategic management accounting

Subject. In the article, I select and substantiate an effective strategy for innovation. To control its implementation, there should be a reliable database, which may proceed from modern statistical accounting as it splits the governance into financial responsibility centers. Objectives. I substantiate ways to sort out the data flow as part of strategic management accounting by innovation center, considering the strategic management system decentralized by financial responsibility centers. Methods. To set up practical guidelines, I referred to proceedings of the Russian and foreign scholars. I used methods of analysis, synthesis, and generalization. Results. I indicate how the accountable competence of the innovation center can be structured, so as to determine the goal, objectives, functions and aspects it is to deal with. The article also presents the composition and scope of strategic management accounting the center is to keep. Conclusions and Relevance. The focus areas to be structured in the accountable competence of the innovation center will contribute to the advancement of methodological principles of strategic management accounting and reporting, a better quality of information supplied for the strategic management system and the higher efficiency of administrative decisions on innovation. The findings are of practical importance for adjusting the development of the innovation strategy and control over the performance and efficiency of investment processes and, consequently, the increment in the market value of the company.

ТРАНСФОРМАЦІЯ БАЗОВИХ ПІДХОДІВ ДО ОРГАНІЗАЦІЇ УПРАВЛІНСЬКОГО ОБЛІКУ В УМОВАХ ГЛОБАЛІЗАЦІЇ

Анотація. Визначено роль загальноприйнятих принципів бухгалтерського обліку для організації як фінансового обліку, так і управлінського обліку на підприємствах України. Досліджено низку специфічних принципів, які не використовуються системою фінансового обліку, але є підґрунтям для організації управлінського обліку. Доведено, що перелік принципів управлінського обліку є більш розширеним, аніж загальноприйнятий. Виділено три підходи до ідентифікації принципів управлінського обліку (управлінський облік ґрунтується: на загальновизнаних принципах бухгалтерського (фінансового) обліку і специфічних принципах управлінського обліку; принципах бухгалтерського (фінансового) обліку, загальних та специфічних принципах управлінського обліку; тільки на загальних (або власних) принципах). Досліджено сутність принципів управлінського обліку та визначено їхні особливості внаслідок специфіки означеної підсистеми обліку та використання різноманіття облікових технік і методик. Виділено чотири глобальні принципи управлінського обліку: комунікація породжує інформацію, що має вплив; інформація є релевантною; аналізується вплив на вартість; розумне керування вибудовує довіру. Розкрито сутність глобальних принципів управлінського обліку і з’ясовано їхнє значення для ключових сфер діяльності. Доведено, що глобальні принципи управлінського обліку сьогодні мають рекомендаційний характер, однак регуляторами обліку в майбутньому пропонуються до обов’язкового застосування підприємствами, що представляють суспільний інтерес. Запропоновано перелік специфічних принципів управлінського обліку, що дозволяє поглибити розкриття його сутності, основних завдань і функцій. Визначено взаємозалежність принципів бухгалтерського (фінансового) та управлінського обліку при ухваленні рішень. Ураховуючи тісний взаємозв’язок принципів бухгалтерського обліку, глобальних принципів управлінського обліку та специфічних принципів останнього, їхню ієрархічну взаємозалежність запропоновано пірамідальну модель принципів бухгалтерського обліку в умовах глобалізації, використання якої дозволить підприємствам, що представляють суспільний інтерес, побудувати раціональну систему управлінського обліку, яка відповідатиме національним і міжнародним вимогам регуляторів обліку та сформувати фундаментальне обліково-аналітичне забезпечення управління діяльністю суб’єктів господарювання. Ключові слова: управлінський облік, принципи, інформація, глобалізація, підходи, організація. Формул: 0; рис.:2; табл.: 0; бібл.: 18.

БАЗОВІ, СПЕЦИФІЧНІ, ГЛОБАЛЬНІ ПРИНЦИПИ УПРАВЛІНСЬКОГО ОБЛІКУ: СКЛАД І КІЛЬКІСТЬ

The principles create a certain structure, which is provided for in the organization, system setup, and management accounting. Therefore, compliance with the principles of management accounting is unquestionable in its establishment at the enterprise, and the study of their optimal composition is urgent. The purpose of the article is to study and analyze the composition and number of basic, specific, and global principles of management accounting in various literary sources. The research methodology was based on general scientific methods: systemic, logical, historical methods, method of analysis, induction, deduction, as well as using the methods of classification and grouping. According to the results of the study, it is found that there are basic, special, and global principles of management accounting. At present, there is no single conventional and generally accepted approach to the composition and quantity of basic and special principles. Regarding the global principles of management accounting developed by the American Institute of Certified Public Accountants (AICPA) and the Chartered Institute of Management Accountants (CIMA), there are four principles (impact, relevance, value, trust). We have summarized 73 principles of management accounting, of which the vast majority (47 principles) are presented in only one literary source. Most literature sources reflect the following principles: evaluation of the performance of structural units of the enterprise; orientation of accounting to achieve strategic goals of the enterprise; effectiveness. The largest number of principles of management accounting, which are identified in the literature, is 20; the smallest number is 5; the vast majority of authors cite 7-8 principles. It is proved that the existing diversity of views of scientists on the principles of management accounting (in some cases, they are the same in name but different in content; in other cases, they are similar in content but different in the name; also, there is an artificial increase in their number when dissipating the content, etc.) leads to vagueness and confusion in their composition, quantity, and content. Although the global principles of management accounting are of a recommendatory nature nowadays, the obligation to use them seems to us relevant and appropriate. Prospects for further research are seen in the study of the content of the principles of management accounting, determining their optimal composition and quantity for the effective construction of management accounting in enterprises of various sectors of the economy, taking into account the peculiarities of their operation.