ON THE ISSUE OF THE FORMATION OF SOCIAL INDICATORS IN MANAGEMENT ACCOUNTING

Abstract

The article deals with the aspects of the formation of social indicators in management accounting, which are brought to the fore in connection with the growing need of interested users for information about the implementation of the sustainable development strategy by economic entities. The emergence and development of social management accounting is closely related to the growing need of investors and stakeholders for information about how successful the business is, how fruitfully the company's sustainable development strategy is being implemented. This information in the context of a globalized economy is a necessary condition for entering the international market, since it is important for all stakeholders to understand the degree of impact of the company's performance on the social, economic and environmental spheres. In this regard, along with accounting, tax, and statistical reporting, it becomes vital for economic entities to form various types of external and internal reporting, including social reporting. The authors of this article analyzed the Russian practice of management accounting of social and transaction costs, key non-financial indicators of social management accounting. Based on the study of the works of leading domestic and foreign scientists-economists, the article defines the concept and essence, presents a classification of social and transaction costs. According to the authors, almost all modern enterprises have a fairly high level of transaction costs associated with the uncertainty of the market environment and, accordingly, the riskiness of business activities, as well as an increase in social costs associated with the impact of the company's activities on the environment. For management accounting of transaction and social costs, it is possible to use unoccupied accounting accounts, according to the Chart of Accounts from account 35 to account 37 inclusive, with the introduction of detailed analytics on sub-accounts, which allows you to more effectively manage costs, analyze, plan and predict these costs, get the most comprehensive and objective picture of the sustainable development of the organization. The presented recommendations on management accounting of social indicators will allow economic entities to improve accounting practices and provide the most complete and objective information about these indicators in social reporting.