DEVELOPMENT OF THE GLOBAL MANAGEMENT ACCOUNTING PRINCIPILES: DISCUSSION OF THE DRAFT DOCUMENT
The article considers the purpose and the need for the global management accounting principles. Consistently discussed are the definition of management accounting, global management accounting principles, acronym PRIDE and the core practice areas, developed by The Chartered Institute of Management Accountants and American Institute of Certified Public Accountants. The paper provides detailed discussion on the topic of proposed principles against the objectives of management accounting and the content of the 12 core practice areas. The author provides suggestions for additions and changes of the considered statements.