Conceptual Model of Accounting and Analytical Subsystem of Management Costing

Abstract

Under the current economic conditions, the operating efficiency of any organization is primarily determined by the quality and timeliness of management decisions. To develop them, managers of various levels must have complete and accurate information about the property status and financial results of the organization activity. The most important source of such information is the accounting system. It provides elaboration and systematization of the information required for taking management decisions. The adoption of well-grounded and effective management decisions is ensured by the use of a systematic approach, by the efficiency to regulate the financial and economic activity at all levels of agricultural organization management. In this regard, the formation of accounting and analytical support for cost management is updated.