Formation of an innovation cost management accounting system in construction enterprises

The article considers the peculiarities of forming the system of management accounting of innovations in construction companies engaged in innovative activities. The approaches to articulation of the concept of “innovation” are considered and an explanation of this term in the context of construction activity is given. Besides, different approaches to interpretation of management accounting are studied and a specific system of management accounting of innovations, which meets the requirements of the activity of construction companies, is given. The author’s concept of management accounting of innovations as the system of planning, collection and analysis of accounting and analytical information on the reasonability of developing and implementing an innovative project according to all significant aspects of realization of construction works (economic benefits, optimization of financial, time and labor costs, reducing harm to the environment) at every stage of the life cycle of the innovation project. The authors propose an approach to the formation of a cost accounting system, which enables the construction company management to obtain structural information on the costs for a particular innovative project and help to make an effective managerial decision about the appropriateness of the proposed innovative project according to all relevant parameters of the construction activity.