Interaction between Managerial Reporting and Managerial Decision-Making: Cause-Effect Relationships in Startups' Accounting
Journal Title: Oblik i finansi - Year 2019, Vol 1, Issue 2
Abstract
The current significant transformational changes result in rapid development of IT, means of communication, and the increased information content. So, for the business entities is actual to develop managerial system aimed at swift response to corresponding challenges. Managerial reporting becomes more important since because it helps managers to make optimum managerial decisions to use financial resources of enterprise most effectively, to raise profitability as well as financial sustainability. Purpose of the article is to develop a process concerning interaction between managerial reporting system and decision-making by managers of innovative enterprise in order to form the complex understanding of startups financial status. The article solves the following tasks: to analyze problems of informational support of startups; to identify key items of the formation of accounting and analytical information to close the accounts; and to structure a process of interaction between financial reporting system and a process of decision-making by the managers of innovative enterprise. Basic problems concerning informational support of startups were studied. Key demands for the development of managerial reposting system were analyzed. The requirements for the construction of a managerial reposting system that must be documented in internal regulations were determined. A set of sequential actions was proposed to form managerial reposting system of innovative enterprise. A process of interaction between managerial reporting and managerial decision-making was represented with determination of cause-effect relationships of events and processes resulting in the increased efficiency and productivity of enterprise activity. It was revealed that forms of managerial reporting should be developed individually for each level of startup management (operational, tactical, strategic) and classified according to the degree of detail of the information, significance and efficiency.
Authors and Affiliations
Olha Usatenko, Andrii Makurin
Keywords
Related Articles
- EP ID EP588966
- DOI 10.33146/2307-9878-2019-2(84)-54-60
- Views 210
- Downloads 0
Методологічні аспекти аналізу власного капіталу бюджетної установи
Реформування державного сектору економіки країни полягає у роздержавленні бюджетних установ чи комерціалізації окремих послуг, які вони надають. Для прийняття ефективного рішення щодо реформування установи необхідна неуп...
Protection of Accounting Data in the Conditions of Using Internet of Things: Problems and Prospects of Accounting Digitalization
Today, the development of accounting as an enterprise information system directly depends on the level of development of technological innovations that are used to collect and process accounting data. The purpose of the...
On the way Towards a Balanced Forestry Land Use: The Economy of State Forestry Enterprises in Small Polissia of Ukraine in the Context of the COVID-19 Pandemic
The COVID-19 pandemic, creating massive social and economic challenges, has started additional risks in ensuring balanced forest land use at the national, regional, and global levels. In this regard, the issues of preser...
The Effect of Attitude, Subjective Norms, and Perceived Behavioral Control on Whistleblowing Intentions with Religiosity As Moderator
Fraudulent acts or ethical violations committed by staff or senior management can not only cause serious damage to the company's reputation and operations, but also lead to bankruptcy. According to the Corruption Percept...
The Influence of Competence and Work Facilities on the Employees' Performance with Work Motivation as a Moderating Variable
This study aims to determine the effect of competence and work facilities on work motivation and its impact on the employees’ performance of the Medium Customs and Excise Service Office of Palembang. The population in th...