Review of the textbook “Management Accounting” for students studying in the areas of training 03/38/01 “Economics”, 03/38/02 “Management” (higher education)

Abstract

Management accounting as an academic discipline occupies an important place in the preparation of qualified economists for the needs of the national economy.

Management accounting is necessary to create an effective system for managing the activities of any economic entity. With the help of management accounting information, management subjects make the most important decisions: on price, assortment of products, on the effective use of resources, optimization of costs, expenses and costs, on the amount of planned profit, which has a significant impact on financial results.

The discipline “Management Accounting” is closely related to and relies on previously studied disciplines such as: “Financial Accounting”, “Accounting (Financial) Reporting”, “Financial Statement Analysis”, “Comprehensive Economic Analysis of Economic Activity”, “Economic theory”, “Management”, “Marketing”, “Prices and pricing”, “Taxes and taxation”, “Statistics” and others.

The textbook under consideration outlines the theoretical, organizational and methodological aspects of management accounting. In particular, theoretical and practical material allows the student to learn the fundamental differences in the classification and accounting of production, commercial and management expenses, to choose an option for constructing a system for classifying the organization’s costs, based on management needs and skills in determining types of costs, their belonging to one or another classification group.