The Use of Accounting Engineering Elements in Strategic Accounting

Abstract

In the Russian Federation a working system for presenting accounting information, that will allow to use all existing reserves with the greatest efficiency, is vital for successful business operations. Nowadays, making important managerial decisions is impossible without external and internal information. The concept of strategic management accounting is the only way to systematize the acquired information about the basic parameters of the external and internal environment. With the use of this type of accounting, the information about external factors in the macro-environment is generated within the monitoring system, with the results being taken into account when making decisions. The use of various methods and tools of strategic accounting, including accounting engineering tools, will enhance establishing all business processes and getting maximum result from financing and operating activities.

Engineering of business processes in accounting support of cash management

“…An analysis of the application of new technologies in financial services around the world for the period 1975-2019 was performed by Abad-Segura et al (2020). Skorev et al (2020) proved that "the use of various methods and tools of strategic accounting, including accounting engineering tools, will help to establish all business processes and get the most out of financial and operational activities".…”

“…The object of engineering is the business processes that determine the activities of the enterprise. The business process is a holistic description of the main activities of the company and their projection on the organizational structures of the economic object, taking into account the interaction between them (Osaulenko et al, 2020; Skorev et al, 2020). A characteristic feature of business processes is their continuity, the presence of inputs (resources, ideas, information) and outputs (Bilan et al, 2017;Yatsenko et al, 2019).…”