In this blog we would like to share with you some tools that Management Accountants use which will help you analyse your own business success, giving you the information needed to plan for growth and to measure business performance. Too many businesses chug along on a day-to-day basis without being very clear on where they…
When assessing the financial performance of your business, there are many critical questions that need to be answered to help reassure the business owners that the company is in a healthy and stable position. Is the business running smoothly? Is it successful, or is it failing? What parts are acting as growth drivers? In order…
Finance teams within small and medium-sized companies often say that financial reports prepared for board meetings, like profit & loss and trading reviews, get little or no reaction from attendees. In some cases, this could be due to the financial data not being understood fully or correctly. However, it could also be around providing insightful analysis…
The 5 Factor Rule Rule 1– Flexibility: Budgets are the world’s oldest management tool and the reason they are still around today is they work- if used properly. If conditions change significantly within and outside the business, it should be possible to change your model by modifying and updating assumptions to reflect the reality of…
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