Management Accounting as a Tool for Improving Business Efficiency
Year: 2025
Type: article
Abstract: Management accounting acts as an information loop that collects, processes, and analyzes data on costs, rev-enues, and financial results. The aim of this study is to identify and systematize the factors influencing the ef-fectiveness of management accounting, as well as to propose recommendations for optimizing its implemen-tation to improve the financial performance of enterprises. The study is based on peer-reviewed scientific pub-lications in the field of management accounting, financial management, and economics. It is emphasized that management accounting supports the information provision of internal corporate processes and enables man-agers to make informed decisions. During the digital transformation, companies gained access to a wide range of accounting automation tools. The implementation of modern management accounting systems significantly improves the efficiency of cash flow management and reduces operating costs. Conclusions. The implementa-tion of the recommendations proposed by the author on optimizing the implementation of the management accounting system will create a high-quality analytical platform for making optimal decisions, which will strengthen the economic stability of companies. Promising areas of further research should be aimed at study-ing the impact of digital technologies on the modernization of management accounting tools.
Author: Sofya S. Gugkaeva
Language: English
Subfield: Management Information Systems
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4411556626