Benchmarking as an element of the management accounting system of commercial organizations
Benchmarking is one of the methods of management accounting, which allows you to identify potential leaders relatively quickly, analyze the existing advantages and disadvantages and implement the experience gained in practice and stay in the first positions of the market for a long time. Benchmarking in the management accounting system acts as an information cluster that unites the external and internal business environment of an economic entity. Benchmarking in the management accounting system allows you to develop solutions to reduce the adverse impact of a combination of weaknesses and threats. Benchmarking in the management accounting system acts as a tool through which the comparison of an ideal, reference competitor in its field and the economic entity itself is carried out. After the results are obtained, errors or gaps are eliminated. Management solutions are being developed and put into practice. It is determined that benchmarking in the management accounting system is defined by the authors as an effective basis for making managerial decisions.