Development of a management accounting model of an insurance company using dashboards

Abstract

Modern enterprise resource management systems are quite universal, but in practice each firm has its own characteristics, which are determined by the type of activity, scale of production, management structure and other factors. These features must be taken into account when choosing a model of management accounting, adapting it to the requirements of production and management of a particular enterprise. This paper focuses on the development of a model of management reporting of an insurance company based on the 1C: Enterprise system using dashboards. Based on the needs of company management, the requirements for the model of management reporting were formulated: simplicity and clarity; control of key indicators; choice of time intervals; comparison of locations (branches, separate offices, sites, etc.); taking into account exchange rates. The proposed conceptual model includes a system of key indicators, a block of preparatory information for dashboards, blocks of the 1C: Enterprise system (sources of information). The development of the model according to this conceptual scheme involves the following stages: the choice of key indicators; content development and design of dashboards; preparation of input information for dashboards. The proposed blocks of key indicators of the conceptual model were divided according to the content into 2 dashboards: dashboard of insurance indicators and dashboard of financial indicators. Dashboards use the following filters: month, location, and indicator. In the dashboard of financial indicators there is an additional filter "currency" (UAH, EUR, USD). The developed conceptual model of management reporting and its implementation with the help of dashboards can be a useful tool for the management of the insurance company. The model focuses on small firms, but takes into account the spatial structure of the company, the structure of insurance products, and time interval. Dashboards present in a simple and clear way relevant information that can be used in making management decisions.