3.2 The analysis of efficiency of the organization of managerial accounting in jsc «Milland» and its influence on adoption of administrative decisions

As the organization of management accounting understand system of conditions and elements of creation of registration process for the purpose of obtaining reliable and timely information about economic activity of the organization, control of rational use of production resources and managements of a production activity. Responsibility for the organization of management accounting in the organizations is born by heads of the organizations.

In JSC Milland management accounting is organized according to normative documents and to make the administrative decision, the main documents are documents on current assets of the organization.

Current assets are defined as part of the capital the organizations enclosed in its current assets. The basic purpose of current assets consists in ensuring continuous and rhythmical process of production and the address. The economic essence of current assets is that they completely transfer the cost to again created product, a used one production cycle.

The organization of current assets includes: definition of structure and structure of current assets, establishment of requirement of the organization in them, definition of sources of formation, the order and maneuvering by current assets. A part of current assets are: the current assets including production stocks (raw materials, materials, fuel, spare parts for repair); work in progress and the currencies including receivables.

The assessment of a financial condition of the organization will be incomplete without analysis of financial stability. It is necessary to understand security of its stocks and expenses as financial stability of the organization sources of their formation.

Task of the analysis of financial stability is the assessment of degree of independence of loan sources of financing. It is necessary to answer questions: as far as the organization is independent from the financial point of view, level of this independence grows or decreases and whether the condition of its assets and liabilities answers problems of its financial and economic activity,

Financial stability is characterized by system of absolute and relative measures. The most generalizing indicator of financial stability is surplus or a lack of sources of means for formation of stocks and expenses.

The analysis of absolute measures of financial stability can be issued the following table:

Table 2. The analysis of absolute measures of financial stability of JSC Milland for 2012 (thousand tg. )

Indicators		beginning of year	Ending of year	changes
Fixed assets		4773	4405	-368
Current assets		5279	7169	1890
availability CAS		2454	2627	173
Long-term loans		5032	4702	-330
CAS+DK		7486	7329	-157
Short-term loans		4949	6593	1644
Inventory and costs		1996	3295	1299
Type of financial stability	Normally stable
Notes: complete by financial statement of JSC Milland

Indicators of business activity characterize results and efficiency of the current activity of the economic subject. The financial condition of the organization is in direct dependence on that, how fast investments made in assets, turn into real money. Duration of finding of means in a turn is defined by cumulative influence of a number of multidirectional factors of external and internal character.

Change of such absolute measure as non-current assets for the end of fiscal year in comparison with the beginning of year indicator current assets opposite decreased by 368 thousand - increased by 1890 thousand. The indicator existence of the own current assets (OCA) on the end of the year made 2627 thousand that on 173тыс. above, than for the beginning of year. The indicator - the long-term credits and loans decreased by 330 thousand and the short-term credits and loans increased by 1644 thousand indicator stocks and expenses grew by 1299 thousand. The three-dimensional indicator of a financial state satisfies to criteria of stability: in 2008 financial condition of JSC Milland normal the steady. Therefore, the financial condition of the organization is stable.

The analysis of efficiency of the organization of management accounting in JSC Milland can be presented in the following table:

Table 3. Comparison of the income and expenses in JSC Milland (one thousand tg. )

Indicators	Years				Changes 2008г. к
	2010	2011	2012	2010		2011
1 . Revenue (net) from sale of goods, production, works, services	23159	22175	32980	9821		10805
2 . Prime cost of the sold goods, production, works, services	23001	(21607)	(34458)	(57459)		(12851)
3 . Gross profit	158	568	(1478)	(1636)		(2041)
4 . Profit (loss) on sales	158	568	(1478)	(1636)		(2041)
5 . Other income	367	207	30	(337)		(177)
6. Other costs	(460)	(604)	(267)	193		337
7. EBIT	65	171	(1715)	(1780)		(1886)
8. Net income (loss)	30	94	(1715)	(1745)		(1809)
Notes: complete by financial statement of JSC Milland

Management account in JSC Milland as a whole is kept effectively, such conclusion can be drawn from calculations of the above-stated table.

As the organization of management accounting understand system of conditions and elements of creation of registration process for the purpose of obtaining reliable and timely information about economic activity of the organization, control of rational use of production resources and managements of a production activity. Responsibility for the organization of management accounting in the organizations is born by heads of the organizations.

In JSC Milland there is a number of the principles according to which internal reports are formed and provided:

- the report has to be address and concrete;

- the report has to contain the operational information useful to adoption of administrative decisions;

- by drawing up the report it is necessary to consider psychological features and level of readiness of the specific manager for which the report is intended. It is necessary to know wishes of the manager concerning data representation form (for example, tabular or graphic), structure of indicators;

- the report shouldn't be overloaded, information in it has to be systematized;

- costs of preparation of the internal reporting shouldn't exceed economic effect of its use (the principle of profitability);

- the report has to be "prepared", that is has to facilitate decision-making.

For realization of the last principle follows:

- to supplement the actual indicators planned, and also data of the previous periods. Such report allows to see succession of events in time, to their loudspeaker, and also to reveal essential deviations from the plan for subsequent "work" with them (identification of the reasons of deviations, responsible, adoption of the relevant decisions);

- to supplement forms of account with text explanations (for example, about the reasons of deviations);

- to carry out information classification in forms of account (for example, in ascending order or decrease of indicators, favorable/adverse changes, etc.);

- to carry out calculation of the corresponding analytical indicators, for example, the marginal income, profitability, profitability, deviations in physical units and percent etc.

For creation at the enterprise of system of the internal reporting it is necessary to define first of all the list of information which is necessary for managers of various structural links, and also degree of efficiency and a regularity of its granting. For this purpose special examination of an enterprise management system is, as a rule, conducted, powers of managers of various levels of management on decision-making and their information requirements come to light.