Maryna Pashkevych, Olga Usatenko, Olha Driha


The article deals with the topical issue of forming managerial accounting
theoretical bases. Managerial accounting is considered as a part of a company’s sustainable development harmonizing its economic, environmental and social activities. Therefore, the research is aimed at offering the informational basis and metrics for assessment and selection of the managerial accounting strategy as a part of a company’s sustainable development. The research object is a process of sustainable development management. A cost approach underpins the new theory explaining the essence of a company’s sustainable development and providing financial indicators for it. This allowed proving for the first time the Project-Based-Costing that in contrast to other types of costing focuses on economic, environmental and social projects as calculation
objects and on working hours of project teams’ managers as a basis of overhead cost distribution incurred due to additional administrative and marketing activities. The obtained result is worth using, owning to the fact, that this instrument allows gathering financial information required for a company’s sustainable development management. Indicating initial types of costs resulted in the indication ofratio(Distance to Sustain able Development) supposing a company’s sustainable development assessment and managerial strategies in the case of its being negative. In practice, the ratio assessing a company’s sustainable development might serve for current monitoring operations from the perspectives of provision of harmonized economic, environmental and social activities as well as a range of offered strategies – for studying proved management in order to achieve a given level of a company’s sustainable development.


managerial accounting; sustainable development; costing; sustainable development assessment; sustainable development strategy; project management


Пашкевич, М. С. & Паламарчук, Т. О. (2014). Екологізація виробництва підприємств України. URL: http://www. economy. nayka. com. ua/index. php.

Adams, C. A. & Larrinaga-González, C. (2007). Engaging with organisations in pursuit of improved sustainability accounting and performance. Accounting, Auditing & Accountability Journal, 20(3), 333-355. URL:

Azapagic, A. (2004). Developing a framework for sustainable development indicators for the mining and minerals industry. Journal of cleaner production, 12(6), 639-662. URL:

Artto, K., Kujala, J., Dietrich, P. & Martinsuo, M. (2008). What is project strategy? International Journal of Project Management, 26(1), 4-12. URL:

Bebbington J., et al., Accounting and sustainable development: Reflections and propositions, Crit Perspect Account (2017).

Bebbington, J. & Unerman, J. (2018) "Achieving the United Nations Sustainable Development Goals: An enabling role for accounting research", Accounting, Auditing & Accountability Journal, Vol. 31 Issue: 1, pp.2-24. URL:

Bebbington, J. & Larrinaga, C. (2014). Accounting and sustainable development: An exploration. Accounting, Organizations and Society, 39(6), 395-413. URL:

Bebbington, J. & Thomson, I. (2013). Sustainable development, management and accounting: Boundary crossing. Management Accounting Research, 4(24), 277-283. URL:

Bebbington, J. (2000). Sustainable Development: A Review of the International Development, Business and Accounting Literature (December 22, 2000). Univ of Aberdeen Acct, Finance & Mgmt Working Paper No. 00-17. URL: or

Burritt, R. L. & Schaltegger, S. (2010). Sustainability accounting and reporting: fad or trend?. Accounting, Auditing & Accountability Journal, 23(7), 829-846. URL:

Burritt, R. L., Hahn, T. & Schaltegger, S. (2002). Towards a comprehensive framework for environmental management accounting—Links between business actors and environmental management accounting tools. Australian Accounting Review, 12(27), 39-50. URL:

Ishchenko, A. (2017). Stimulation of effective ecological and economic interactions in the process of business environment creation. Environmental Economics, 8(2), 57-66.

Kandrashina, E. & Zotova, A. (2018). Changes effectiveness assessment on the basis of sustainable development factor. Problems and Perspectives in Management, 16(1), 437-


Kotnour, T. G. (1999, June). A learning framework for project management. Project Management Institute. URL:

Kee, P. & De Haan, M. (2004). Accounting for sustainable development. Statistics Netherlands, Division of Macro-economic Statistics and Dissemination Development and support Department. Centraal Bureau voor de Statistiek. URL:

Lamberton, G. (2000). Accounting for sustainable development—A case study of city farm. Critical Perspectives on Accounting, 11(5), 583-605. URL:

Legenchuk, S. & Usatenko, O. (2014). Directions and problems of accounting and analytical support for venture activity. Економічний часопис-ХХІ, (11-12), 131-134. URL:

Makarenko, I. (2017). Public companies non-financial reporting and audit in Ukraine: challenges and prospects. Accounting and Financial Control, 1(1), 32-38.

Makarenko, I. & Plastun, A. (2017). The role of accounting in sustainable development. Accounting and Financial Control, 1(2), 4-12. URL:

Markina, I., Diachkov, D. & Adedeji, O. (2017). Monitoring the level of sustainable development of the enterprise. Problems and Perspectives in Management, 15(1-1), 210-219. URL:

Pashkevych, M. & Makurin, A. (2016). Improvement of accounting depreciation of non-current assets computed by the units of production method in mining. Економічний часопис-ХХІ, (161), 95-100. URL:


Pashkevych, M., & Papizh, Y. (2014). Regional convergence and innovative management. Економічний часопис-ХХІ, (3-4 (1)), 74-77. URL:

Pivniak, H. H., Pilov, P. I., Pashkevych, M. S. & Shashenko, D. O. (2012). Synchro-mining: civilized solution of problems of mining regions' sustainable operation. Scientific Bulletin of National

Mining University, (3). URL:

Report of the World Commission on Environment and Development - Our Common Future URL:

Rondinelli, D. A. & Berry, M. A. (2000). Environmental citizenship in multinational corporations: social responsibility and sustainable development. European Management Journal, 18(1), 70-84. URL:

Stehnei, M., Irtysheva, I., Khaustova, K. & Boiko, Y. (2017). Modeling of strategic control system in the context of sustainable development of enterprise. Problems and Perspectives in Management, 15(3), 212-223. URL:

Sukhonos, V. & Makarenko, I. (2017). Sustainability reporting in the light of corporate social responsibility development: economic and legal issues. Problems and Perspectives in Management, 15(1-1), 166-174. URL:

Springett, D. (2003). Business conceptions of sustainable development: A perspective from critical theory. Business Strategy and the Environment, 12(2), 71-86. URL:

Sustainable development goals. URL:


Veselovská, L. (2017). Factors influencing countries on their path to sustainable development: implications for organizations. Problems and Perspectives in Management, 15(2-3), 474-485. URL:


  • There are currently no refbacks.

Copyright (c) 2019 Maryna Pashkevych, Olga Usatenko, Olha Driha

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

ISSN (Print) : 2449-7320

ISSN (Online) : 2449-8726