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

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. According to IFAC management accounting evolution model and the study of the biggest countries in the development of management accounting practices consisting of a generalized model of the evolution of management accounting. This model shows the development of management accounting practices from a historical perspective. DOI: https://doi.org/10.15544/ssaf.2012.08