Improvement of the Tool of Strategic Management Accounting

Klychova, Guzaliya; Закирова, Алсу; Alibekov, Shakhizin; Klychova, Augul; Morunov, Vitaly; Raheem, Ullah

doi:10.1007/978-3-030-57450-5_58

Cited by 14 publications

(9 citation statements)

References 30 publications

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“…At internal control of settlement transactions it is recommended to use a unified methodological technique, which consists in standardization of conducting an audit and implementation of control procedures [18][19][20]. In the most general form the process of internal control includes [21][22][23][24]:…”

Section: Debts Of the Organization To Employees On Remuneration Of Labormentioning

confidence: 99%

“…To improve the state of settlements with counterparties it is necessary to control the ratio of accounts receivable and payable [7][8][9]. A large amount of accounts receivable negatively affects the financial stability and causes the need to attract additional resources [10][11][12][13][14]. At the same time, an increase in accounts payable leads to insolvency of the economic entity, reducing the investment attractiveness [15][16][17].…”

Section: Introductionmentioning

confidence: 99%

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Internal control of transactions operation in the sustainable management system of organizations

et al. 2021

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In modern conditions one of the main problems of economic entities is the increase in accounts receivable and payable, which is influenced by objective and subjective factors. In this connection the role of internal control of settlement operations is increasing. The aim of the article is to improve methodological support of internal control of settlement operations for increasing the quality of audit, providing information about the state of settlements with contractors to the management of enterprise for making operational and strategic management decisions. The proposed methodological support is based on stage-by-stage audit of settlement operations including the following main stages: audit planning; implementation of control procedures; execution of audit results. the peculiarity of internal control of settlement operations is determined by a variety of normative and information support of the audit. For the purpose of improvement of control procedures in the course of the study working documents of internal control have been developed. The working document «Verification of the availability of the agreement with a separate counterparty» can be used by the controller to identify errors arising in the preparation of the contract, as well as to determine the completeness and timeliness of the parties to fulfill their obligations, With the proposed in the study working document «Confirmation of the status of settlements with counterparties» can identify cases of fraud and misstatement of data contained in the financial statements. In the course of the study it was proposed to perform a point-rating assessment of debtor reliability based on a system of key indicators in the internal control process. The suggested rating estimation of counterparties will make it possible to carry out their comparative analysis and grouping as well as to identify those counterparties that have a high probability of non-payment of existing debts. The practical significance of the study lies in the possibility of using the developed approaches to determine the information base, to set the purpose and definition of control tasks, to the rational choice of control procedures, to the use of working papers in the process of internal control of settlement operations.

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Section: Debts Of the Organization To Employees On Remuneration Of Labormentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Internal control of transactions operation in the sustainable management system of organizations

et al. 2021

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“…According to the opinions of modern researchers, the main task of controlling is the orientation of the management process to achieve the goals facing the enterprise, including strategic ones [8]. Therefore, it is important to trace the relationship between the strategic and operational levels of controlling [9].…”

Section: Introductionmentioning

confidence: 99%

Integration of the controlling mechanism into the Deming-Shewhart PDСA cycle in the context of digitalization

2021

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Digitalization provides an increase in the efficiency of production management, and also opens up wide opportunities for the formation of models of management decisions using predictive technologies. Digital technologies systematize and combine information flows of different origins. Thus, a predictive model of strategic and tactical production management is created. A condition for the successful digital transformation of economic sectors is the development of a set of measures for the technical re-equipment of enterprises. This article proposes an integrated controlling model based on the concept of continuous improvement of PDCA processes. The PDCA cycle model is adapted to the process of technical re-equipment of the enterprise and is integrated with the controlling mechanism based on the process approach. Such integration will ensure an increase in the controllability of the technical re-equipment process, improve the coordination of personnel actions, and create effective feedback mechanisms. The proposed model will increase the validity and efficiency of management decisions.

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“…The economic security system of an enterprise is designed to prevent negative results of production and financial activities, using an effectively functioning system of internal control as the main tool [7][8][9][10]. With the help of basic methods of internal control, it is possible to identify and eliminate deficiencies in a timely manner to improve the economic efficiency of activities and improve the financial condition of the enterprise [11][12][13].…”

Section: Introductionmentioning

confidence: 99%

“…Objectivity and reliability of the information that is formed in the process of Stock accounting, affects the amount of value added tax, the financial result, taxable income, the amount of income tax. In this regard, internal control of Stocks is an essential element of the management of the enterprise and provides a stable and safe financial and economic activity [22,23].…”

Section: Introductionmentioning

confidence: 99%

Development of methodological basics of internal control of stocks at the agricultural enterprise

et al. 2021

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Stocks are one of the key factors that ensure consistency and continuity of reproduction. In this regard, internal control of stocks is an essential element of enterprise management of the enterprise. The aim of the article is to improve the methodological support of internal control of stocks. The article establishes the peculiarities of internal control of availability and safety of stocks in the conditions of development of digital economy. In order to improve control procedures, working documents of internal control of availability and safety of Stocks were developed. In the course of the study, the main stages of internal control over the flow and efficiency of the use of Stocks have been considered. In order to comply with the principles of rationality, priority and consistency in the conduct of internal control, it was proposed to use a working document of internal control «Program for internal control of the movement and efficiency of Stock use». To verify the correctness of the assessment of Stocks during their receipt, procurement, purchase it is proposed to use a working document of internal control «Checking the correctness of the estimate of reserves when they arrive”. This document allows you to identify errors in the evaluation of Stocks, the formation of their actual cost, which affects the cost of production and the final financial result. To increase informativeness and sufficiency of working documents at the analysis of movement of stocks we recommend to use working documents of the internal control containing planned (standard) indicators, similar data of the last periods, indicators on an accrual basis since the beginning of the controlled period. Comparing the controlled indicators with planned values it is possible to estimate their fulfillment and to find out the reasons of discrepancies that can appear as a result of thefts, abuses and violations.

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Improvement of the Tool of Strategic Management Accounting

Cited by 14 publications

References 30 publications

Internal control of transactions operation in the sustainable management system of organizations

Internal control of transactions operation in the sustainable management system of organizations

Integration of the controlling mechanism into the Deming-Shewhart PDСA cycle in the context of digitalization

Development of methodological basics of internal control of stocks at the agricultural enterprise

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