Methodology of Building up the Accounting and Analytical Management Support for Organizations in Russia

Abstract

This article deals with the issues, concerning methods of providing accounting and analytical support for the management of organizations with various patterns of ownership in Russia, related to national mentality and caused by the lack of uniform terminology, the need for a systematic approach to the formation and interaction of accounting, analytical and control subsystems, the influence of international practices in the context of harmonization of world economy. The ways of solving the problems have been identified. The original classification of the principles of the accounting and analytical support buildup for the organization management has been compiled. We have analyzed the existing approaches and individual points of view to determine the content of this concept, and put forward our individual interpretation. The authors explain the purpose of the effective functioning of the accounting and analytical support of management and offer a system of fundamental principles of its organization. The main advantage of the authors' interpretation of accounting and analytical support is in the improvement of general methodology as well as creating the ground for developing techniques of record keeping, analysis and control on the basis of international experience, which ensures the continuity of the process of tactical and strategic decision making, welltimed adjustments of the development strategy of the organization in the long term, contributing to the efficiency of administrative decisions taken by the management.

Intellectual Capital and Human Resources as Objects of Accounting and Control

“…This approach is characterized by a mixture of different accounting objects, which requires the use of a conceptual framework based on the principle of unity of the terminology base. In Russia, the accounting and analytical systems of organizations keep records of labour and salary (Kuznetsova et al, 2017), which provides accounting for the number of employees, accounting for labour costs and various social payments of employers, costs related to labour protection, training and advanced training of employees, etc., (Kulagina et al, 2018).…”

Analytical Monitoring of Entity's Cash Flows as a Guarantee of Financial Security of the Region

“…Arsentyev (2000) defines the financial security of Russia as "an essential part of economic security based on independence, efficiency, and competitiveness of the financial sector of Russia resulting in the set of measures and indicators of its state and defining the sustainability of finance, adequate assets' liquidity, and availability of monetary, currency, and gold reserves. Other researchers have defined financial security in a similar way (Ivanova et al, 2017;Kuznetsova et al, 2017;Mikhailova et al, 2017;Menshchikova and Sayapin, 2016;Kosinova et al, 2016;Sibirskaya et al, 2016;Medvedeva et al, 2015;Stroeva et al, 2015;Thalassinos and Dafnos, 2015;Duguleana and Duguleana, 2015;Kalanotnis et al, 2014;Xanthopoulos, 2014). Truntsevsky (2007) notes that financial security of the entity implies a set of conditions when corporate funds are applied in a most efficient way to prevent threats and provide the sustainable business activity from now on.…”

Formation of Stakeholders’ Client Capital of Trade Institutions

“…Methodological basis of the research represents logical and scientific approach to study the essence and content of the concept "stakeholders' client capital". Using the methods of analysis, synthesis, details and generalization, combination, formalization and abstract-logical the essence of the concept "stakeholders' client capital" in the theoretical and methodological aspect was identified (Thalassinos et al, 2014;Kuznetsova et al, 2017;Pontoh, 2017).…”