Management Accounting as a Tool for Improving Business Efficiency

Management accounting acts as an information loop that collects, processes, and analyzes data on costs, revenues, and financial results. The aim of this study is to identify and systematize the factors influencing the effectiveness of management accounting, as well as to propose recommendations for optimizing its implementation to improve the financial performance of enterprises. The study is based on peerreviewed scientific publications in the field of management accounting, financial management, and economics. It is emphasized that management accounting supports the information provision of internal corporate processes and enables managers to make informed decisions. During the digital transformation, companies gained access to a wide range of accounting automation tools. The implementation of modern management accounting systems significantly improves the efficiency of cash flow management and reduces operating costs. Conclusions. The implementation of the recommendations proposed by the author on optimizing the implementation of the management accounting system will create a highquality analytical platform for making optimal decisions, which will strengthen the economic stability of companies. Promising areas of further research should be aimed at studying the impact of digital technologies on the modernization of management accounting tools.