December 2019

The third stage included 37 competitors. Business accountants had to write a paper project on the topic: “What indicators should be included in the financial section of the Management Report to be valuable to investors, creditors, society and the state and allow businesses to successfully attract financing (loans and / or investments)?” And the accountants of budgetary institutions were asked to reveal the topic: “Crisis management of the budgetary institution: forms, methods and procedures aimed at socio-economic recovery of financial and economic activity of a particular industry.” Why were chosen these aspects? The management reporting system is a part of the management control system that provides business information. Decision-makers today need real-time access to accurate data, and they need it at once. Traditional business intelligence solutions only give you an idea of ​​what happens. However, nowadays, companies need a far-sighted approach and a glimpse into the future: “what is going to happen” and “what do we need to do.” It is possible to do providing analysis which includes forecasts and suggestions and, of course, simulates situations. More and more companies are trying to use these huge amounts of data either to reduce operating costs or to increase revenue, or both. Using data is no longer just a competitive advantage for businesses, it is essential for the survival. According to the results of the creative works of the third stage, TOP-10 accountants of Ukraine – 2019, were included into the list of the Senior League of Accountants-Managers.