Theoretical foundations of financial management

Major changes taking place in the economy affect all its spheres. The economy of the manufacturing process is inextricably linked to the accounting process and the organization of management of the entity. Effective management of accounting and analytical process and the effective management of the organization can be expressed in financial performance of a business entity. Account activity is reduced to accounting - accounting financial accounting, but this type of account, as in the opinion of theorists and practitioners do not meet modern needs of businesses and allow situation was called management accounting, a new trend in accounting and analytical work. There is no consensus among scientists about the concept of «management accounting», its meaning and role of not, this is due in particular the lack of a regulatory framework, on the other hand it is the basis for the further development of the theory of management accounting and its application in practice organizations. This article describes: the concept of «management accounting» and its main elements put forward by various authors, special attention is paid to the stages of implementation of the system (subsystems) management ac-counting for businesses and adapt it to the peculiarities of a particular organization. Agricultural organizations have their own specifics and when the system (subsystems) management accounting, it must be taken into account. The result of the proposed recommendations should be to improve the efficiency of organizations, including agricultural, by the introduction of the system ( subsystem ) management accounting in their activities, allowing them to respond more quickly to changing environmental conditions and quickly adapt to them, and, therefore, to be competitive and ensure food security of the country.