Transparency of management reporting as a basis for making effective decisions
Journal Title: Формування ринкових відносин в Україні. Збірник наукових праць - Year 2018, Vol 7, Issue 7
Abstract
The subject of the study is the peculiarities of the formation of managerial reporting of the enterprise and achieving its transparency for internal users of information. The purpose of the study is to reveal the role of managerial reporting in the accounting and economic system of the enterprise and justify the need for its transparency, which will ensure the adoption of effective managerial decisions. Research methods. The paper uses a set of scientific methods and approaches, including synthesis and analysis, a systematic and structural-logical approach to the construction of a conceptual framework for the formation of transparent management reporting. Results of work The article investigates the role of managerial accounting in the accounting and economic system of the enterprise. The importance of the formation of transparent reporting for the satisfaction of information needs of internal users and the adoption of effective management decisions based on it are substantiated. The stages of organization, principles, methods and qualitative characteristics of management accounting of an enterprise are considered, provided that it is achieved transparently. Conclusions. The results of the research resulted in the following conclusions: 1) management (internal) reporting is the basis for making effective decisions at different levels of management; 2) Transparency of management reporting provides a free flow of information about decisions and actions from the source to the recipient, which ensures the reliability and relevance of such information; 3) the formation of transparent information in relation to specific internal users will provide an effective interaction between different departments and divisions of the enterprise.
Authors and Affiliations
D. V. GOLOVINA, V. V. KURILENKO
Keywords
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- EP ID EP410853
- DOI 10.5281/zenodo.1445352
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