Creating Business Value: Managerial Accounting and Non-Financial Reporting

The aim of the article is to analyze the approaches of managerial accounting to the collection, processing of data, and provision of information on the creation of business value, which will facilitate the development of an algorithm for managerial accounting of business value creation. The research conducted has allowed the identification of the main methods and procedures of managerial accounting for creating business value, namely: defining and analyzing business processes and constructing the business model of the enterprise; analyzing the internal and external environment, identifying factors and risks that affect the creation of business value; determining financial and non-financial indicators for assessing the impact of factors and risks on the creation of business value. An algorithm for managerial accounting of business value creation has been proposed, which allows for the identification of the sequence of methods and procedures for managerial accounting in the context of creating business value and providing users of managerial reports with reliable information for making informed managerial decisions. The prospects for further research in this area include determining the methods and procedures for carrying out the stages of the business value creation managerial accounting algorithm, namely: defining methods for identifying factors of the internal and external environment and risks that affect business value; developing a registry of universal indicators for assessing the impact of internal and external environment factors on business value creation; developing a registry of indicators for assessing the impact of risks on business value creation; and determining methods for analytical calculation of the coefficients of the impact of factors and risks on the creation of future business value; development of a list of key questions for conducting surveys and interviews with employees or clients; development of a business model design; development of the content of a managerial report on business value creation.