Relationship of operational control and operational accounting

Abstract

The article covers approaches to the interpretation of operational accounting and operational control, and explains their functionality for effective risk management. The article deals with relationship between operational accounting and operational control, and their impact on information quality for management decision making at all levels of enterprise, Systematic approach to information management is investigated as a tool for operational decision-making. This article also deals with integration of elements of management accounting into operational accounting environment. Operative control is analyzed at different phases: preliminary control (deviation prevention), flow control (reducing the likelihood of deviation), and follow-up control (identification of deviations).