Sorokina V.V. Financial University under Government of Russian Federation, Moscow, Russian Federation firstname.lastname@example.org
Importance The research examines development trends in management accounting, its methods and ways to organize the process. Objectives The research reviews issues and requirements of the current economic situation to the budgeting process, and identifies approaches to improve it. Methods I used such general scientific methods as analysis, synthesis, comparison, logic approach to evaluation of economic phenomena. Results Management accounting was found to be a separate scientific and practical discipline, where all internal data of financial and tax accounting and integrated financial reporting are generated and analyzed. The research specifies conventional approaches to organizing the management accounting process, which should be improved due to growing uncertainty and risks arising from the economic environment. As the planning platform, the budgeting system was shown to lose its positions, letting new approaches emerge. Conclusions and Relevance The contemporary approach to management accounting can be described as global accounting science combining accounting for managers, financial and tax accounting. Conventional approaches to management accounting should be modified. First of all, it is necessary to reform tools of management accounting in relation to the budgeting process.
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