FEATURES OF FORMATION OF THE MANAGEMENT ACCOUNTING SYSTEM IN SMALL ENTERPRISES IN UKRAINE

Abstract

The article considers the problem of organization and the importance of management accounting in small enterprises. Theoretical principles of forming a management accounting system in Ukraine are studied and the international experience on this issue and features of the small business management accounting are analyzed, the characteristics of management accounting practices at domestic enterprises and the problems they lead to are highlighted. An attempt is made to find out the reasons for the problems of organization of management accounting in the field of small business. The ways to improve the organization of accounting in accordance with the international experience are proposed, the stages of the management accounting system and methods of organization of accounting for implementation in small enterprises are developed. The necessity of systematization and automation of management accounting has been proved. Management accounting of small enterprises is characterized by the lack of external financing, development strategy, implementation of management accounting in the activities of enterprises. The main persons responsible for maintaining management records are the head of the enterprise or the chief accountant. There is no innovation and information component of management accounting. Activity planning is carried out on the basis of historical data by setting targets for sales, production, costs and production costs. Small companies often failedto apply management accounting or facedcertain difficulties in implementation processes due to the adverse effects of specific factors such as size of human resources, revenues, capital of enterprises, or business owners not appreciating the usefulness as well as the role of management accounting. The management accounting provides users with the information needed to make decisions, monitors the current state of the enterprise and helps in measuring the business performance. The management accounting allows you to properly take into account all internal and external factors in setting specific goals of the enterprise and ways to achieve them. It takes into account costs and revenues and deviations from established norms, standards and estimates for the organization as a whole, its individual departments, responsibility centers, product groups, technological solutions.