Non-financial evaluation in management accounting: methods and approaches

Redesigning modern accounting and repor­ting as a system based solely on the valuation of objects is an urgent and objective requirement dictated by the logic of modern business. Non-financial (non-cost) indicators are an effective tool for assessing the impact of an enterprise on the social and natural environment, its ability to sustainable development, which allow compre­hensively displaying a set of parameters that reflect the state of resources and their sources, activities and their results of an economic entity for the needs of all users with legal access. These indicators, integrated using key success factors, can be effectively used in operational and strategic management accounting and manage­ment reporting. In this aspect, the feasibility of developing a methodological toolkit for non-financial assessment applicable to operational and strategic management accounting is analyzed and determined, and a description of non-cost assessment methods in management accounting is described based on the origin of the source information, advantages and problematic features of non-financial asses­sments. The possibilities of using such assessments are revealed and the characteristics of non-cost assessments for operational and strategic management accounting are given. The research hypothesis is based on the assumption that the synergistic use of both cost and non-cost asses­sment tools in management accounting will allow obtaining the most complete and reliable information about the object of assessment. The research methodology, along with traditional methods of scientific knowledge, is based on the use of the principle of complementarity, which involves the simultaneous use of several measurement descriptions for one object of assessment, each of which will correspond to objective reality, but essentially excluding other descriptions, that is, assuming the parallel use of several assessments of one object – financial and non-financial – to represent the multidi­mensional reality of the object. The research results confirm the thesis that the use of non-financial measures in management accounting will allow obtaining more complete and relevant information about the object of assessment than traditional cost assessment