IMPLEMENTATION OF MANAGEMENT ACCOUNTING TOOLS IN BUSINESS MANAGEMENT

Purpose: The purpose of this article is to evaluate the application of management accounting tools in the execution of enterprise management functions. Management accounting, using information from the financial accounting subsystem supported by ERP class financial and accounting information systems, and leveraging process automation, for example in the form of RPA - Robotic Process Automation, constitutes one of the cornerstones of the information system of an economic entity. Methodology/approach: Using PAPI (Paper and Pencil Interview) and CAWI (Computer Assisted Web Interview) methods through the ‘webankieta.pl’ online survey service, an empirical study was conducted among two groups of respondents. Firstly, managers using information from the management accounting subsystem for operational and strategic decision making were surveyed. Secondly, information was obtained from accountants who prepare and provide necessary information to managers. A purposive sampling was used, based on knowledge and professional experience in managerial positions and accounting. The study involved 107 owners/managers – representatives of small, medium, and large enterprises, as well as 144 accountants participating in qualification courses organized by the Accountants Association in Poland, District Branch in Bydgoszcz. Findings: In entities from the SME sector, basic managerial accounting tools are used to support operational decision-making. Advanced managerial accounting tools were applied to a low and very low extent in small and medium-sized enterprises. In large entities, the range of use of the advanced management accounting tools, supporting the performance of management functions at both the operational and, primarily, strategic levels, increased. Research limitations/implications: The study conducted may form the basis for further considerations in the direction of integration of management accounting tools and accounting IT systems supported by modern technologies. Practical implications: Development of management accounting tools and their use in the management process at operational and strategic levels. Originality/value: The results of the study provide new insights into the application of management accounting tools in business management in the context of modern technological developments.