Formation of an Integrated Accounting and Analytical Management System for Value Analysis Purposes

L.N. Usenko, I.N. Bogataya, N.V. Bukhov, T.B. Kuvaldina, A.V. Pavlyuk
European Research Studies Journal, Volume XXI, Special Issue 1, 63-71, 2018
EOI: 10.11214/thalassinos.21.05.007

Abstract:

The article is devoted to the problems associated with the formation and the improvement of accounting and analytical support framework when establishing the business entities’ integrated accounting and analytical managerial system for the value analysis purposes.According to the authors’ opinion, introducing the integrated accounting and analytical system is not only a certain way to improve the efficiency in the managerial decision-making sphere, but also an essential tool throughout the whole value analysis process as well as a tool to improve the qualitative measures of accounting and analytical data required for value analysis.Establishing the integrated accounting and analytical managerial system is an intensive factor to improve the whole analysis process and is intended to optimize the data flows in business entities. It also increases the analyticity of non-engineering and engineering data, that are used in value analysis group’ documents set.Tools that optimizing and structuring the data flows in business entities are analyzed in this article. They are as follows: applying the managerial accounting based on financial responsibility centers and the ad hoc software – i.e., modular database that collects and processes all data from business entity’s subdivisions and helps to create all types of value analysis’ working papers. The pattern of managing value analysis’ in- and out data flows within the integrated system is also revealed by the authors.


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