CONCEPTUAL PRINCIPLES OF MANAGERIAL ACCOUNTING AND CONTROL OF TRANSACTION COSTS

Abstract

In a market economy conditions, there is a tendency for transaction costs to increase, which is manifested in an increase in their share in the structure of total costs of business entities. An important role in minimizing transaction costs is assigned to the managerial accounting system, which creates high-quality information support. The article is devoted to the study of the conceptual principles of managerial accounting and control of transaction costs aimed at increasing the efficiency of the enterprise. It is determined that in modern economic conditions, the urgent task is to reduce the amount of costs associated with economic interaction between business entities, which within the framework of neo-institutional economic theory have been called transaction costs. Transaction costs are a consequence of the desire of economic agents to reduce the degree of uncertainty in relations between themselves. In this regard, the formation of information about transaction costs, which can be obtained through the managerial accounting system, is important. The article substantiates the theoretical and methodological principles of managerial accounting and control of transaction costs, which are based on the provisions of the theory of contracts and the theory of transaction costs, which are related to contractual relations and the process of making decisions on the implementation of agreements (transactions). The factors of the external and internal environment that have a significant impact on the managerial accounting of transaction costs are analyzed and highlighted. The individual nature of transaction costs for each enterprise is emphasized, since their occurrence is due to a number of external (legislative, market, industry) and internal (life cycle stages, organizational structure and culture, features of business processes, personnel, etc.) factors. A conceptual basis for managerial accounting and control of transaction costs has been developed, focused on information support for strategic, tactical and operational levels of management. As a result of the study, proposals have been formed to specify the goal, expand the list of existing tasks, principles, functions and tools, which constitutes the structural basis of managerial accounting and control of transaction costs