Improvement of strategic management accounting in the context of digitalization

Abstract

The object of research is the processes of formation and functioning of strategic management accounting in the environment of digital platforms. The main problem is the low level of transformation of traditional strategic management procedures to modern socio-economic realities, which limits the possibilities of planning, forecasting and reducing financial risks. Therefore, the high-quality formation of information and accounting and analytical arrays will contribute to the optimization of management decisions, synchronization of enterprise activities with dynamic changes in the internal and external environments. Priority aspects of improving strategic management accounting are the use of ERP systems, big data, cloud technologies, digital analytics, automated platforms for accumulating and processing accounting and analytical information. The widespread introduction of digital technologies contributes to the optimization of the period of collection, accumulation and processing of information and reduces labor costs by up to 50%. The formation of accounting and analytical databases for making balanced management decisions deepens the accuracy of forecast production and financial indicators by up to 30%. Thanks to the use of automated accounting platforms and analytical data processing systems, the risks of management errors are reduced by three times. The results obtained are explained by the deepening of the role and complex use of modern digital technologies, the synergy of databases of accounting and analytical support and the synchronization of automated processing of information arrays for making informed management decisions in all spheres of activity and each field in particular. The field of practical application of the research results includes enterprises and organizations of all forms of management, which organizational and production activities require improvement of strategic management accounting in the conditions of digitalization and ensuring the sustainable development of the economy.