+7 925 966 4690, 9am6pm (GMT+3), Monday – Friday
ИД «Финансы и кредит»






International Accounting

Trends in the development of management accounting tools

Vol. 20, Iss. 20, OCTOBER 2017

PDF  Article PDF Version

Received: 18 November 2016

Received in revised form: 22 November 2016

Accepted: 9 December 2016

Available online: 27 October 2017

Subject Heading: Managerial accounting

JEL Classification: М41

Pages: 1202–1212


Sorokina V.V. Financial University under Government of Russian Federation, Moscow, Russian Federation

Importance The research examines development trends in management accounting, its methods and ways to organize the process.
Objectives The research reviews issues and requirements of the current economic situation to the budgeting process, and identifies approaches to improve it.
Methods I used such general scientific methods as analysis, synthesis, comparison, logic approach to evaluation of economic phenomena.
Results Management accounting was found to be a separate scientific and practical discipline, where all internal data of financial and tax accounting and integrated financial reporting are generated and analyzed. The research specifies conventional approaches to organizing the management accounting process, which should be improved due to growing uncertainty and risks arising from the economic environment. As the planning platform, the budgeting system was shown to lose its positions, letting new approaches emerge.
Conclusions and Relevance The contemporary approach to management accounting can be described as global accounting science combining accounting for managers, financial and tax accounting. Conventional approaches to management accounting should be modified. First of all, it is necessary to reform tools of management accounting in relation to the budgeting process.

Keywords: management accounting, function, management, budgeting


  1. Yudina L.N. [Management accounting and controlling]. Finansovyi menedzhment = Financial Management, 2005, no. 1, pp. 13–18. (In Russ.)
  2. Kaverina O.D. [Setting up the process of management accounting: issues and judgments]. Auditorskie vedomosti = Audit Journal, 2015, no. 8, pp. 48–61. (In Russ.)
  3. Kerimov V.E., Sorokina V.V. [The modern concept of management accounting]. Vestnik Finansovogo universiteta = Bulletin of the Financial University, 2011, no. 3, pp. 13–18. (In Russ.)
  4. Voronova E.Yu. [Globalization and the computerized information system of management accounting]. Sinergiya ucheta, analiza i audita v obespechenii ekonomicheskoi bezopasnosti biznesa i gosudarstva: materialy nauchnoi konferentsii [Proc. Sci. Conf. Synergy of Accounting, Analysis and Audit for Economic Security of Business and the State]. Moscow, REA Publ., 2016, pp. 48–55.
  5. Kerimov V.E. [Promising models of management accounting development in Russia]. Vestnik Rossiiskogo ekonomicheskogo universiteta im. G.V. Plekhanova = Vestnik of Plekhanov Russian University of Economics, 2012, no. 7, pp. 39–44. (In Russ.)
  6. Voronova E.Yu. [Management accounting: a rational approach]. Auditorskie vedomosti = Audit Journal, 2010, no. 12, pp. 78–85. (In Russ.)
  7. Voronova E.Yu. [Calculation of cost through target costs: the target costing method]. Auditorskie vedomosti = Audit Journal, 2014, no. 9, pp. 83–96. (In Russ.)
  8. Nazaryan V.A. [Controlling as a tool to improve financial performance after integration]. Finansy, den'gi, investitsii = Money, Finance, Investments, 2011, no. 4, pp. 18–21. (In Russ.)
  9. Subbotina K.E., Zhdanova A.B. [Modern approaches to budgeting as a method of financial control]. Gumanitarnye nauchnye issledovaniya, 2014, no. 5, p. 45. (In Russ.) URL: Link
  10. Ivanova M.M. [The Beyond Budgeting model as an alternative to traditional budgeting]. Sovremennaya nauka: aktual'nye problemy teorii i praktiki = Modern Science: Actual Problems of Theory and Practice. Series: Economics and Law, 2013, no. 1-2, pp. 12–15. (In Russ.)
  11. Daum J.H. Beyond Budgeting: A Model for Performance Management and Controlling in the 21st Century? Controlling & Finance, 2002, July.
  12. Carlson B., Palaveev P. Budget Brawn. Journal of Financial Planning, 2004, vol. 17, no. 3, pp. 58–63.
  13. Steele R., Albright C. Games Managers Play at Budget Time. MIT Sloan Management Review, 2004, vol. 45, iss. 3.
  14. Kerimov V.E. [Organizing the process of risk management through compliance control]. Ekonomika i upravlenie: problemy, resheniya = Economics and Management: Problems, Solutions, 2014, no. 3, pp. 42–46. (In Russ.)

View all articles of issue


ISSN 2311-9381 (Online)
ISSN 2073-5081 (Print)

Journal current issue

Vol. 26, Iss. 5
May 2023