THE RESEARCH OF MANAGEMENT ACCOUNTING EVOLUTION IN THE CONTEXT OF ECONOMIC CHANGES

Abstract

Information about economic processes is created by accounting systems. Financial accounting measures facts that already emerged inside the company but it does not give information about reasons that caused those facts. Therefore, financial accounting results can be improved with the help of management accounting. When companies become more sophisticated, and competition is always increasing, management accounting phenomenon becomes critical. Attention to understand current state of modern management accounting is very closely related with aspiration to know the evolution of management accounting.
Performed analysis showed, that most powerful countries had crucial influence in development of management accounting practices. In using the International federation of accountants (IFAC) approach was registered all emerged management accounting methods.

DOI: http://dx.doi.org/10.5755/j01.em.17.1.2247