Conceptual Foundations Of Managerial Accounting

Zdravkoski, Igor and Andonovski, Miroslav and Markusoski, Ljupce and Nikolovski, Pece (2022) Conceptual Foundations Of Managerial Accounting. In: XVII.IBANESS, March, 2022, Plovdiv, Bulgaria.

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Managerial accounting has the role of identifying, measuring, analyzing, and interpreting useful information for management teams. Through information, managers can much more easily plan, evaluate and control business entities. Of course, all this is necessary to protect employees, to monitor the resources spent and to have a clear picture of the whole organization.
Namely, managerial accounting as a subsystem of the overall accounting is constantly evolving and improving. Because it is required by the dynamics of operation and development of business and industrial facilities in national economies. The direction of managerial accounting strives to enable business processes and create opportunities for greater utilization of capacities and resources.
Managerial accounting compiles reports that contain information on the current activities of the company, strategic tasks and operations, as well as information on the optimality in the use of resources and the evaluation of operations.
In fact, the role and significance of managerial accounting can be observed through its function in the management process, i.e. the manner and verification of the usefulness of the managerial accounting process. Also, the insight is done through the criteria, i.e. the criteria for estimating the values used, as well as through the ability to link the achieved goals with the function of managerial accounting.
All activities of managerial accounting are performed by forming teams. These teams are composed of professionals who possess knowledge and have certain skills. And their goal is to achieve the set goals and create greater opportunities for the future of their company.
Keywords: resources, activities, concept, information, function.

Item Type: Conference or Workshop Item (Paper)
Subjects: Scientific Fields (Frascati) > Social Sciences > Economics and Business
Divisions: Faculty of Economics
Depositing User: Mr Dimitar Risteski
Date Deposited: 09 Mar 2023 09:46
Last Modified: 09 Mar 2023 09:46

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