Change of Management Paradigm as a Factor in Development of Accounting: Strategic Aspects

The article addresses the analysis of the impact of changes in management paradigms on development of accounting practices, and study of feasibility of developing a strategic paradigm of accounting. The author has pointed out the basic management paradigms in conjunction with the development of accounting. Addressed is the effect of changes in management paradigms on the development of accounting systems. Analyzed are the approaches of national and foreign scientists to isolation of the strategic paradigm of accounting. Isolation of strategic paradigm of accounting is proved unreasonable at the current development of the accounting system for the following reasons: lack of clear requirements to be met by the newly formed strategic paradigm of accounting; inability to rationale the feasibility, benefits and necessity of applying the elements of methodology of strategic accounting. Proved has been the necessity of use of accounting information for the processes of long-term forecasting, strategic planning, strategic parameters analysis and strategic control, which requires the improvement of an enterprise’s accounting and analytical system towards its strategic orientation.