Management reporting of the enterprise: content characteristics and specific nature of its formation
Date
2018-02-10
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Lviv Politechnic Publishing House
Abstract
The necessity of management reporting
formation by the enterprise with the purpose of providing
efficient administrative decisions to increase its
competitiveness and achieve strategic goals is examined
and substantiated. The basic problems of management
reporting formation by the enterprise, which are connected:
with the complexity of gathering, substantiation, storage
and processing of data are singled out; incomprehensibility
of the formation procedure and purpose of the reports, as
well as the contradiction and lack of data integrity;
insufficient analytical processing of information to support
the strategic and operational management decision-making;
lack of qualified specialists in the interpretation of
management reporting, its analysis and responsibility for
management decision-making. The influence of resource
provision (financial, informational, methodological,
organizational and technical) on the qualitative
characteristics of the management reporting system is
researched. The possible advantages and disadvantages of
management system formation of the enterprise are
identified and summarized. The expediency of
management reporting formation in accordance with the
level of enterprise governance in the context of three
generalized types is substantiated: strategic – is provided to
top managers during the reporting period or on request;
tactical – is provided to linear managers with the
appropriate periodicity of the output, operational – is
provided to specialists daily or in the current time. It is
determined that the combination of reporting under IFRS
and management reporting in a single information system
will increase the efficiency of the management decisions
made on its basis. The conclusions emphasize the need to
develop relevant sectoral methodological
recommendations, the definition of a targeted methodology
for management reporting formation and the establishment
of its indicative indicators.
Description
Keywords
management accounting, management reporting, types of management reporting, management reporting system, format of management reporting
Citation
Voskresenska T. Management reporting of the enterprise: content characteristics and specific nature of its formation / T. Voskresenska, N. Dzoba // Economics, Entrepreneurship, Management. — Lviv : Lviv Politechnic Publishing House, 2018. — Vol 5. — No 1. — P. 31–38.