Management accounting and analysis of business processes in the enterprise

Abstract

The article considers the main problems of managerial accounting and analysis of business processes in the field of manufacturing sector (industry, construction, agriculture). From the authors’ point of view, managerial accounting should be divided into operational managerial accounting, tactical (current) managerial accounting and strategic managerial accounting. According to authors’ recommendations, every enterprise should develop its own Concept of managerial accounting, and documented it in the «Regulations on managerial accounting in the enterprise» or in the «Order on accounting policies of the enterprise». Authors think that management analysis is one of the types of economic analysis. At the same time, operative, tactical (current) and strategic analysis should be called operational management, tactical (current) management and strategic management analysis. They also have their own opinion on the term of «economic analysis». This term should be «analysis of economic activity». Analysis of economic activity could be divided into: 1) analysis of operational activities; 2) analysis of investment activity; 3) analysis of financial activity. The article defines the business process definition. The business process is the relevant process (activity) at which the enterprise is ready to spend material, financial, labor, intellectual and other resources and has compelling calculations that this process (activity) will bring the future revenues and proper profit from the sold products (performed work, provided services). The business process doesn’t appear out of nothing, but in the technological process that naturally exists in any enterprise of the manufacturing sector. The task of the managers of this enterprise is to calculate the costs of each technological process and to discover if such process is cost-effective. In general, managerial accounting and analysis of business processes in Ukrainian enterprises in the manufacturing sector are carried out on a satisfactory level. Research Institute of Financial and Managerial Accounting, Control and Analysis has been proposed to create. The state of managerial accounting and business process analysis in Ukraine will significantly improve in the next 5–10 years. We are increasing the number of young managers who can quickly and skillfully apply a variety of advanced computer programs, mobile applications and have the technical equipment for it.

Keywords

• business processes
• enterprise management systems
• managerial accounting
• managerial analysis
• business process reporting
• manufacturing sphere