The role of management accounting in the sustainable development of small enterprises: an analytical review of challenges and opportunities
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The development of a market-based economic system requires the use of adequate tools for managing the activities of businesses of various ownership and size. Accounting and management accounting is an important means of managing business and increasing its competitiveness. Experience shows that the implementation of procedures and the use of accounting and management accounting methods largely ensure the growth of economic efficiency of small businesses. Given the proven relevance of the study, its purpose can be defined as specifying the role of management accounting in the sustainable development of small enterprises with the identification of challenges and opportunities. In order to achieve this goal, it is necessary to define the essence of management accounting and the peculiarities of its implementation in small businesses; assess the importance of small business for the development of the Ukrainian economy and formulate recommendations and prerequisites for the implementation of a management accounting system for domestic small businesses. To achieve this goal, the article uses general scientific methods, including analysis, synthesis, generalisation, systematisation, as well as specific methods of statistical data analysis, in particular, the trend method and the method of time series analysis. The study found that management accounting can significantly enrich the management system of a small enterprise and open up new opportunities for better and more informed management decision-making. The article develops a system of recommendations on the introduction of the system of management accounting at small enterprises.
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