Theoretical and Methodological Bases of Accounting Product Formation

Mykhaylo Prodanchuk ()
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Mykhaylo Prodanchuk: Bukovinsky State Finance and Economics University, Chernivtsi, Ukraine

Oblik i finansi, 2015, issue 3, 41-48

Abstract: The article is devoted to deepening of theoretical and methodological provisions of accounting by determining the economic essence of the concept of 'accounting product', the formulation of its main characteristics and properties. There is defined the place of accounting in information system of a company. There is proved that the accounting system is a major source of accounting information that turns raw data recorded in the documents to qualitative informative product and adapts all the diversity of information flows to the needs of management of businesses. There is introduced the concept 'accounting product' in the theory and practice of accounting which means the information, knowledge, and accounting information resource which have measurability, cost, usefulness and quality resulting from synergy of technological tools, methods and organizational procedures. And using this concept we expect making effective management decisions. There are defined the main characteristics of accounting product. There are offered a number of measures to promote formation of qualitative accounting product for the purposes of management system.

Keywords: accounting product; accounting information resource; synergy; efficiency of management decisions; management system (search for similar items in EconPapers)
JEL-codes: M41 (search for similar items in EconPapers)
Date: 2015
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