Formation of management reporting in the enterprise controlling system

Анотація

Management reporting is an important element of both corporate governance and internal processes that are carried out in the enterprise’s controlling system. The primary purpose of management reporting is to provide information support for management decisions, which includes financial planning, financial reporting, financial analysis, management accounting, budgeting, controlling, and management reporting. Obstacles to the implementation of an effective financial reporting management system are the lack of formalized rules for the formation, submission, preparation, correction, and control of management reports. In order to overcome this shortcoming, the article introduces the term «life cycle of a management report», which is understood as a period of time that includes the development, implementation, and use of a management report until it meets user information requests. At the same time, the following stages of the management report life cycle are proposed: identifying a request from the user; identifying responsible persons and the working group participants for developing the report form; identifying reporting objects that correspond to the user’s request; defining accounting and analytical sources of information; finding out the degree of aggregation of indicators; automating data submission for updating reports; visualizing the reporting form, testing the form; identifying necessary corrections; formulating recommendations for decision-making guidance; identifying new requests. This approach will help to solve the key problem of information support for the management decision-making process, namely, the lack of coordination between user information requests and the availability of information sources to ensure them.

Класифікація

Ідентифікатори

Схожі роботи