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

Author

Listed:
  • Andrew Sokolov

    (Kazan Federal University)

  • Tatyana Elsukova

    (Kazan Federal University)

  • Albina Sadykova

    (Kazan Federal University)

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.

Suggested Citation

  • Andrew Sokolov & Tatyana Elsukova & Albina Sadykova, 2016. "Management of financial results of the organization by using management accounting techniques," Proceedings of Economics and Finance Conferences 3205778, International Institute of Social and Economic Sciences.
    • Handle: RePEc:sek:iefpro:3205778
    as

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    File URL: https://iises.net/proceedings/5th-economics-finance-conference-miami/table-of-content/detail?cid=32&iid=025&rid=5778
    File Function: First version, 2016
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    References listed on IDEAS

    as
    1. Durand, Thomas, 1993. "Economy of scope, added value chain and cost dynamics: A tentative optimization model," International Journal of Production Economics, Elsevier, vol. 29(3), pages 237-247, May.
    2. Heike Proff & Thomas M. Fojcik & Dominik Kilian, 2015. "Value added and competences in the transition to electric mobility - an analysis of the European automotive industry," International Journal of Automotive Technology and Management, Inderscience Enterprises Ltd, vol. 15(1), pages 20-42.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    financial results; management accounting; costs; throughput accounting; theory of constraints;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General
    • M49 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Other

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