Management accounting
It is impossible to do business without reference points. It is important to know which product sells best, how much it costs to produce it, how much is sales revenue. This information is recorded by all firms, without exception. Some do it in ordinary school notebooks, others are in tables based on a computer program such as Excel. Others go further and set up management accounting systems with automatic data collection and at any time can get a complete picture of the company's activities in figures terms. How should the accounting “according to all the rules” look like and what are the first steps to start building it?
Criteria | Management accounting | Statutory accounting |
Users | CEOs, owners | Government authorities, counterparties |
Freedom of choice | Complete freedom in determining the accounting scheme | Accounting is organized strictly within the framework of instructions and regulations |
Number of accounting systems used in practice | It is advisable to use only one system | As a rule, have to use several systems |
Measurement units | The most convenient | Rubles and units |
Cost grouping | According to the “cost tree” | By articles |
Main accounting object | Enterprise and its divisions | Enterprise as a whole |
Accuracy of indicators | Approximate values are allowed | Absolute precision required |
Obligation to maintain | On demand | Obligatory |
- Statement of profit or loss and other comprehensive income;
- Cash flow statement;
- Management reporting balance sheet.
These three statements should reflect the picture on the same date. Only under this condition data comparison is possible and correct.
The service includes:- preparation of monthly management reports and their presentation in front of top managers or company owners;
- audit of management accounts. Recommendations on the structure, form, content of the forms used;
- shortening of terms of formation of management reporting, process set up and regulation;
- development of accounting policies for the purposes of preparing management reporting;
- automation of management reports.
- Reliable management reports, confirmed by an audit company.
- Recommendations on the structure and content of management reporting.
- Regulation of the reporting generation process.
- Shortening of terms of submission of management reports.
- Express analysis of reports.
As a result: prepared management reporting on time that you define for us yourself.