Year: 2025
Type: article
Abstract: Redesigning modern accounting and reporting as a system based solely on the valuation of objects is an urgent and objective requirement dictated by the logic of modern business. Non-financial (non-cost) indicators are an effective tool for assessing the impact of an enterprise on the social and natural environment, its ability to sustainable development, which allow comprehensively displaying a set of parameters that reflect the state of resources and their sources, activities and their results of an economic entity for the needs of all users with legal access. These indicators, integrated using key success factors, can be effectively used in operational and strategic management accounting and management reporting. In this aspect, the feasibility of developing a methodological toolkit for non-financial assessment applicable to operational and strategic management accounting is analyzed and determined, and a description of non-cost assessment methods in management accounting is described based on the origin of the source information, advantages and problematic features of non-financial assessments. The possibilities of using such assessments are revealed and the characteristics of non-cost assessments for operational and strategic management accounting are given. The research hypothesis is based on the assumption that the synergistic use of both cost and non-cost assessment tools in management accounting will allow obtaining the most complete and reliable information about the object of assessment. The research methodology, along with traditional methods of scientific knowledge, is based on the use of the principle of complementarity, which involves the simultaneous use of several measurement descriptions for one object of assessment, each of which will correspond to objective reality, but essentially excluding other descriptions, that is, assuming the parallel use of several assessments of one object – financial and non-financial – to represent the multidimensional reality of the object. The research results confirm the thesis that the use of non-financial measures in management accounting will allow obtaining more complete and relevant information about the object of assessment than traditional cost assessment
Source: SCIENTIA FRUCTUOSA
Authors: Olena FOMINA, Оlexandr ZADNIPROVSKYI
Institution: State University of Trade and Economics
Language: English
Subfield: Management Information Systems
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4411213152