+7 495 989 9610, 9am6pm (GMT+3), Monday – Friday
ИД «Финансы и кредит»






International Accounting

Management analysis as part of the internal control environment

Vol. 23, Iss. 6, JUNE 2020

Received: 7 May 2020

Received in revised form: 25 May 2020

Accepted: 28 May 2020

Available online: 16 June 2020

Subject Heading: Managerial accounting

JEL Classification: М41

Pages: 627–642


Serebryakova T.Yu. Cheboksary Cooperative Institute, Branch of Russian University of Cooperation (RUC), Cheboksary, Chuvash Republic, Russian Federation


Subject. Being a type of the economic analysis, management analysis has not been discussed in the scientific and methodological literature for a long time. Management analysis has an ambiguous function within analytical methods. The contemporary business community clearly prioritizes accounting and analytical techniques by goal. As for the management analysis, its main goal is not always defined, though it relates to the controlling function of governance. That is the subject of the article.
Objectives. I provide the rationale that management analysis goals be better understood for purposes of management and internal control.
Methods. The study relies upon general methods of research. Using the systems approach and logic summary, I sorted prevailing points of view on the definition of management analysis. Modeling helped sum up the main conclusions.
Results. Management analysis was found to serve for management purposes. As long as entities treat their managerial goals as a set of related tasks to be controlled, management analysis seems a means of internal control over the goals and managerial tasks to be accomplished.
Conclusions and Relevance. Considering the management analysis in terms of corporate governance, the entity should remember that it is inseparable from control as the critical function of governance. On the contrary, management analysis goals totally depend on control objectives, which are set to help managers understand the extent to which the goals and tasks have been achieved at all levels and by functional departments. The findings are designated to unfold theoretical views on control and its accounting and analytical framework. Management analysis should be understood, since the management needs to choose specific analytical techniques depending on managerial business goals. Therefore, target benchmarks and mechanisms are set to monitor them. The findings can be used for scientific and practical purposes of internal control.

Keywords: management analysis, internal control, economic analysis, management, accounting system, financial analysis


  1. Vakhrushina M.A. [Management analysis: Items, methods, tasks]. Sovremennyi bukhuchet = Modern Accounting, 2004, no. 11, pp. 18–19. (In Russ.)
  2. Vakhrushina M.A., Samarina L.B. Upravlencheskii analiz [Management analysis]. Moscow, INFRA-M Publ., 2010, 144 p.
  3. Vakhrushina M.A. [Segment reporting analysis content and its informative value]. Mezhdunarodnyi bukhgalterskii uchet = International Accounting, 2011, no. 7, pp. 23–31. URL: Link
  4. Ilyshev M.A., Selevich T.S., Sakhno Yu.S. [Differentiation and integration tendencies in the administrative analysis]. Ekonomicheskii analiz: teoriya i praktika = Economic Analysis: Theory and Practice, 2010, no. 24, pp. 14–22. URL: Link (In Russ.)
  5. Serebryakova T.Yu. Teoriya i metodologiya skvoznogo vnutrennego kontrolya [Theory and methodology of internal control]. Moscow, INFRA-M Publ., 2012, 328 p.
  6. Vakhrushina M.A. [Management analysis: Items, methods, objectives]. Sovremennyi bukhuchet = Modern Accounting, 2004, no. 12, pp. 30–35. (In Russ.)
  7. Voronchenko T.V. Upravlencheskii analiz v sisteme menedzhmenta organizatsii [Management analysis as part of corporate governance]. Moscow, AP Nauka i obrazovanie Publ., 2011, 201 p.
  8. Elakova A.A. [Management analysis of operational and financial risks of commercial organizations in crisis conditions]. Audit i finansovyi analiz = Audit and Financial Analysis, 2012, no. 1, pp. 299–303. (In Russ.)
  9. Shaporova O.A., Tyukhova E.A. [Management analysis in the integrated analysis system of the enterprise activities]. Rossiiskoe predprinimatel'stvo = Russian Journal of Entrepreneurship, 2011, no. 6-1, pp. 70–76. (In Russ.)
  10. Smelik R.G. [Management review of value indicators of assets and liabilities: Possibilities of using IT in a system of corporate governance]. Vestnik Omskogo universiteta. Seriya: Ekonomika = Herald of Omsk University. Series: Economics, 2014, no. 1, pp. 239–244. (In Russ.)
  11. Kozmenkova S.V., Yagutkin S.M., Rachinskii A.V. [Data compilation in accounting for corporate governance purposes]. Vestnik Nizhegorodskogo universiteta im. N.I. Lobachevskogo. Seriya: Ekonomika i finansy = Vestnik of Lobachevsky University of Nizhny Novgorod. Series: Economics and Finance, 2004, no. 2, pp. 557–560. (In Russ.)
  12. Kozmenkova S.V., Krasnov V.D. [Analysis of audited entity activities as basis for judgment about the continuity of his functioning]. Mezhdunarodnyi bukhgalterskii uchet = International Accounting, 2013, no. 47, pp. 28–38. URL: Link (In Russ.)
  13. Endovitskii D.A., Lyubushin N.P., Babicheva N.E. [The dialectics of theoretical and methodological background of economic analysis]. Ekonomicheskii analiz: teoriya i praktika = Economic Analysis: Theory and Practice, 2015, no. 20, pp. 2–15. URL: Link (In Russ.)
  14. Serebryakova T.Yu., Biryukova O.A., Kondrashova O.R. [Institutional approaches to the management accounting classification]. Mezhdunarodnyi bukhgalterskii uchet = International Accounting, 2018, vol. 21, no. 2, pp. 204–212. (In Russ.) URL: Link

View all articles of issue


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

Journal current issue

Vol. 25, Iss. 5
May 2022