Application of management accounting tools in the process of modernization of existing production

• Published in: BIO web of conferences 2024, Vol.116, p.7003
• Main Authors: Ostaev, Gamlet, Klychova, Guzaliya, Zakirova, Alsou, Zalilova, Zariya, Zlobina, Oksana, Kravchenko, Nina
• Format: Article
• Language: English
• ISSN: 2117-4458; 2117-4458
• DOI: 10.1051/bioconf/202411607003

In today’s competitive business environment management accounting is designed to respond quickly to new technological opportunities to expand the range of products, including through the modernization, the acquisition of additional equipment and production using waste from existing production different from the main type of product. The aim of the study is to develop a management decision for the introduction of new production on the existing raw material base (waste from the current production) through the timely application of management accounting tools (monitoring, business planning). Algorithm of project implementation by classifying the factors of influence on the growth of production volume, sales of products and improving its quality is defined. It is proposed to combine the stages of commissioning new production (construction and launch of the production complex for biohumus; construction and launch of the production complex for liquid organic fertilizers; construction and launch of the filling line and packaging of liquid organic fertilizers) with the stages of the project implementation of production that favorably affects the income.