Accounting Engineering Tools in the Research of Economic Costs and Benefits

Abstract

The article deals with some particular transformations of scientific categories as costs, expenses, profits in the system of accounting and analytical coordinates. The main idea of the article is the need for harmonious combination of the linguistic, regulatory and engineering approach to solving the problem of improvement of the quality of information provision to define key financial and economic indicators. The era of economic globalization requires finding the most suitable ways of combining national and international accounting and analytical systems. Moreover, the rapid development of IT-technologies involves their widespread introduction of the system of accounting and information support of businesses that can be achieved through a variety of engineering tools. However, practical implementation of these tools requires a deep adaptation to the characteristics of the existing accounting and economic procedures, allowing preserving and strengthening the analytical and practical possibilities of information files, to combine them with the legal norms and requirements. From this perspective, the authors consider it necessary to further diversify the financial science and strengthen the role of strategic accounting and analysis. The study authors have concluded on the need to preserve the integrity in the use of accounting and economic procedures for determining financial performance, which should be carried out by a combination of modern engineering tools based on IT-technologies, while meeting the most important principles, gowns (particularly legal) and terminological apparatus of accounting science.