Abstract:

Modern business conditions require development of existing approaches to the management process. Domestic economy growth towards innovation implies enhancement of its efficiency. There is an increasing necessity for management improvement on every level: micro- (organization, business), meso- (regions, branches of activities) and macro- (country economy). Conceptual framework of management accounting in Russia has its own peculiarities associated first of all with the history of its development, traditions of national accounting school and adjustment of global practices to management tasks. Modern management accounting principles are based both on traditional accounting elements and on particular tools of management accounting subsystems. Management accounting information can be important not only for a particular business entity internally, but also for timely long-ranged decision-making at a higher level of economy management. Thus consolidated theme-based managerial reports will extend the opportunities of analytical procedures of higher-level management bodies for the purpose of regional economy control. The fact that currently all the potential opportunities of management accounting tools at a regional level are not fully used generates the need for further researches within this topic.