Management of financial results of the organization by using management accounting techniques

Andrew Sokolov (), Tatyana Elsukova () and Albina Sadykova ()
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Andrew Sokolov: Kazan Federal University
Tatyana Elsukova: Kazan Federal University
Albina Sadykova: Kazan Federal University

No 3205778, Proceedings of Economics and Finance Conferences from International Institute of Social and Economic Sciences

Abstract: The purpose of this article is to analyze methods of management accounting and their impact on the financial results of the company. In flexible manufacturing systems, the information required for management must be obtained in a short time and with minimal costs. We studied in more detail both in theoretical and practical terms, method of management accounting on the basis of the theory of constraints (throughput accounting, TA),shows its historical aspects, principles and methods, methods of calculation of financial results of the company based on it. The main difference of TA method from traditional methods of management accounting is the direction offset from a focus on costs to assessing the value of generating money (throughput). Throughput accounting is designed to solve wide range of problems, through the use of information about the inputs and outputs of the system. Clearly defined information system will enable managers to make informed management decisions in the areas of production, promotion of products (works, services), pricing and others. The article outlines the problem of determining the Throughput rate of the product and the company as a whole and their solutions.

Keywords: financial results; management accounting; costs; throughput accounting; theory of constraints (search for similar items in EconPapers)
JEL-codes: M40 M41 M49 (search for similar items in EconPapers)
Pages: 12 pages
Date: 2016-03
New Economics Papers: this item is included in nep-acc
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Published in Proceedings of the Proceedings of the 5th Economic & Finance Conference, Miami, Mar 2016, pages 409-420

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