Interrelation of management accounting and internal control systems
In modern conditions management accounting and internal control acquire the nature of the basis and are present at all levels of management of a shipping company. The article substantiates the relationship between internal control and management accounting. During the substantiation the content of the definition of "management accounting" is specified in the context of the study of the role of the management accounting system in the information support of internal control; by the example of shipping companies the information of management accounting for the purpose of internal control is systematized. A conceptual model of management accounting is constructed, the system-forming elements of the management accounting system are identified and clarified, having control elements "embedded" in each of them.