Formation of Strategic Management Accounting System for a Startup Enterprise

Abstract

The article is devoted to the research of theoretical and methodical foundations of the functioning of the strategic man-agement accounting system and the elaboration of practical recommendations for its formation at a startup enterprise in terms of digitization. The essence of the category “strategic management accounting system” and its main characteristics are defined. Core directions of the formation of a strategic management accounting system depending on the stages of life cycle of a startup are described. Forms of reports are developed, which are recommended to be implemented at a startup enterprise in order to monitor the directions of funds’ consumption and to control the costs for innovative activity.

How Can Management Accounting Contribute to Risk Management Strategies Within Organization Case Study of Small and Medium Enterprises: Evidence from Emerging Countries

“…Azudin and Mansor (2018) confirms that management accounting is usually carried out by the specialized administrative accountant in the field, and is considered one of the supporters of the performance of the internal accounting department, which includes the management of the organization's assets, taxes, financial obligations, employee wages and many others. As for Hnedina and Vertiiko (2020) they indicated that management accounting was established in 1950 by the Anglo-American Council, and the task of the management accounting team was to prepare reports related to various organizational activities in the United States of America and to publish these reports under the name "Management Accounting. "…”