Proceedings of the 5th Economic & Finance Conference, Miami

MANAGEMENT OF FINANCIAL RESULTS OF THE ORGANIZATION BY USING MANAGEMENT ACCOUNTING TECHNIQUES

ANDREW SOKOLOV, TATYANA ELSUKOVA, ALBINA SADYKOVA

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

DOI: 10.20472/EFC.2016.005.025

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