Management Accountant

  We provide management accountant services. We prepare financial information reports to help inform management decisions. Cash flow information and analysis is a good guide to the short-term financial position of a business. We prepare detailed budgets and forecasts in line with the company's strategy, that can be used by management when making resource allocation decisions and to monitor business progress.

  Financial information and analysis can inform business strategy and operational decisions. Historical and current financial information are used in business forecasts.  Preparing forecasts helps company management in setting goals and strategies. It also helps in identifying financial risks in strategic plans, such as launching a new product or service. Forecasts can be prepared based on different scenarios.

  Information about profits and revenue can highlight areas which could be improved on and areas where increased business activity could be particularly profitable.
 

  If the company's management is considering entering a new market, financial models and investment appraisal, such as calculating the Net Present Value, the payback period and the rate of return, can give a good indication as to the extent that the proposed course is a good idea financially.

  Setting up key performance indicators can help management to monitor progress towards achieving its goals. Financial information can identify how much profit each customer brings in, after costs. Using that information, for example, management may consider focusing more on their more profitable customers.

  Financial information also informs management decisions about controlling costs and using resources such as people, equipment and spare funds wisely.

  Reporting in detail about the costs incurred in production, operations, and distribution allows management to see inefficiencies. Activity-based costing is a way of working out accurately what things cost. It can help management in making decisions about products and pricing. 

   Budgets are particularly useful when updated on a monthly basis and closely linked to cash flow forecasts, using actual figures from the previous month. It can be beneficial to create rolling 12-month budgets, which are updated regularly to reflect changing circumstances. It's important to have prompt communication of variances between budgeted figures and actual income and expenditure.