DEVELOPMENT OF WORLD PRACTICE OF MANAGEMENT ACCOUNTING IN PUBLIC AND COMMERCIAL SECTORS OF THE ECONOMY
The history of development of management accounting is closely connected with the development of the economies. The emergence of management accounting, as an independent academic discipline occurred in 1972. This year marked the official separation of accounting and financial management. The article presents the peculiarities of the origin of manage- ment accounting in Russia, USA, Germany, UK, France, Canada, China, and the basic temporal stages of the formation of modern management accounting. The current stage was marked by large-scale development of science of management, including strategic direction; strengthening of administrative influence on economic processes in the economy and the lack of unity of scientists from different countries in understanding the nature and content of management accounting. For many decades in the organizations of sector of public administration in Russia and abroad the system of budgetary accounting and reporting was formed and developed. In foreign countries the greatest need in the development of management accounting in government agencies appeared in the middle of 1980s, in Russia only in 2004-2006. In the modern terms of management accounting in the public sector has become quite relevant. In the first place at the state level appears effective and target use of the allocated funds, which is difficult to implement without the use of modern management accounting system. However, the value of management accounting for commercial and budgetary enterprises (institutions) will be different. However, despite the various options for receiving the finance for both spheres, managerial accounting is the link, without which to date, the company will lose control over financial and economic activity, as result it is not possible to make objective and timely deci- sions in production management.