INSTITUTIONALIZATION OF MANAGEMENT ACCOUNTINGJournal: Herald of Kyiv National University of Trade and Economics (Vol.103, No. 5)
Publication Date: 2015-10-21
Authors : MAZARAKI Anatolii; FOMINA Elena;
Page : 5-15
Keywords : institutional approach; institutional environment; management accounting; transaction costs.;
Background. The driving force behind the improvement of accounting science is the development of economic theory and related sciences, which prove new research methods of socio-economic facilities. Expansion of management accounting research is achieved through new knowledge, including the nature, role and place of management accounting in enterprise management, patterns of development, manifestations forms and more. Innovative economic theories, particularly the institutional theory have significant impact on contemporary theory and practice of management accounting. Analysis of recent research and publications. A fair number of publications in the field of institutional theory suggests significant interest in this issue in Ukraine. However, the methodological tools of institutionalism in the theory of management accounting have not been applied comprehensively to this day. The aim is to study the trends of management accounting and the development of theoretical and methodological research foundations of institutional nature of management accounting. Materials and methods. The study uses an institutional approach and applied methods of induction, deduction, analysis, synthesis; graphic data; associations and analogies; empirical research. Results. Institutional approach enables to obtain additional knowledge of management accounting, which is often so innovative that it can be perceived as an alternative view of management accounting. Institutional theory is considered as guiding principle of research process, that is, as a point of view of management accounting research. Two areas of management accounting research in the institutional context have been identified: professionalization of management accounting and determination of its institutional status and boundaries; availability of features of management accounting formation in the current economic conditions of domestic enterprises. Conclusion. Research of management accounting trends on the basis of theoretical and methodological tools of institutional economics allowed to identify existing problems to be addressed: those associated with the study of the role of transaction costs in the development of management accounting; the need to study the evolution of methods of evaluation of enterprises; clarify the role of management accounting in solving the problem of agent relations of corporate governance. It has been established that some particular important characteristics of management accounting (such as the ability to cumulate information from the internal environment of the company and external institutional environment, accumulate it, process and transfer to interested users (institutions) in accordance with their requests) promote its institutionalization.
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