MANAGEMENT ACCOUNTING CHALLENGES IN THE REPUBLIC OF NORTH MACEDONIA
MANAGEMENT ACCOUNTING CHALLENGES IN THE REPUBLIC OF NORTH MACEDONIA

Summary/Abstract: Recent decades, worldwide competitive pressure, deregulation, growth in the services industry, and advances in information and production technology have changed the nature of our economy and have caused many industrial manufacturers and services to dramatically change their functioning. These changes, on the other hand, have encouraged the development of new managerial accounting practices. Managerial accounting challenges are global competition, industry service growth, information technology advancement, product development advances, customer orientation, total quality management, new product development, time as a competitive element and efficiency. In such a complex, successful environment, it can only be the subject where management structures are able to abandon old management concepts and build a new management concept whereby flexibility, speed, innovation and challenges arising from constant changes as a result of the free functioning of market mechanisms and global competition. Namely, achieving the goals set in the conditions of drastic work changes requires the development of new approaches, new business models and management ideas.

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