In the article role of accounting-analysis system as process of cost’s management at
energy supply company and place of management accounting in this process are highlighted.
Components and forming of accounting information provision for cost management is
conducted.
Determined that reasonableness and prudence of management decisions regarding cost
optimization at energy supply companies (primarily those that are included in the tariff
structure), largely depends on the quality of information provision of accounting users, their
professional knowledge and skills in the use of economic information management.
An information provision is the process of satisfying information requests, consisting of
continuous preparation and issuing accounting and analytical information in compliance with
such requests. We consider that accounting and analytical systems should support synthesis of
information on its activities in all accounting subsystems: accounting, tax, management and
statistics.
Research of management practices of energy supply companies shown that analytical
component of management system is a harmonious combination of management accounting
with operative analysis. The reason is that management accounting purpose is to conduct a
deeper analysis than strictly regulated systematization of entries in the accounts.
Information provision for cost management, which form the tariffs for transmission
and/or electricity distribution, is deducted as a collection of data obtained from the
organization, planning, accounting, analysis and cost control of energy supply company and
serve as the foundation for their regulation. The important point, however, remains the
integration of management accounting and control into one synergistic system by holding the
previous control-analytical processing of financial information within the responsibility
centers' “Costs”.The following information resources of information provision for system of costs
management are highlighted: the legal and regulatory framework; internal organizational and
administrative documentation; primary and consolidated accounting documents; internal and
external reporting of accounting, management, tax and statistical subsystems; software and
hardware.
As a result of effectively implemented system of management accounting the major
source of information is the internal management reporting detalization cost which is provided
through a structured, analytical enough work plan accounts. The defining control instrument
over the formation of the operating costs of transmission and/or electricity distribution is
budgeting (quarterly, semi-annual, annual).