Tactical aspects of management accounting determines accounting

Tactical aspects of management accounting determines accounting, monitoring, analysis, regulation of the earlier decisions and responsible for their execution of strategic systems planning and coordination of management decisions, the current banking institution in order to select promising areas of development. The strategy of the planning activities of the bank as a whole and the main directions of its work in particular. The greatest value in this adaptation of these elements is the management accounting with the growing demands of economic management. It is important that the strategic elements of management accounting have become standards in the management of the bank, as it did at the operational level of management with budgeting cycles, comparing actual results with anticipated and counter-regulation. The subsystem of management accounting control and its function is focused on future events, although it is usually the procedure is associated with the analysis and revision of the facts of the past. The monitoring mechanism is in the justification of standards, measurement and comparison of actual results achieved, the implementation of the necessary adjustment of standards in the event of a significant excess of actual performance. Consequently, control is an extension of the initial phase of planning of the management process. Given this, if we consider the subsystem of management accounting, it should lead to managerial control as a process of monitoring and regulating all activities of the bank in order to improve the quality of managerial decisions. Category: Uchot bank ucherizhdeny