Management accounting and analysis services are to support competitive decision making by collecting, processing, and communicating information that helps management plan. Also, control, and evaluate business processes and company strategy.
Management accounting as practice extends to the following three areas:
- Strategic management — advancing the role of the management accountant as a strategic partner in the organization
- Performance management — developing the practice of business decision-making and managing the performance of the organization
- Risk management — contributing to frameworks and practices for identifying, measuring, managing and reporting risks to the achievement of the objectives of the organization
Developing management accounting and reporting systems results in the following:
- An album of reporting forms containing a set of financial and non-financial performance indicators, giving the level of detail required for various user groups;
- Management accounting policy and description of management reporting principles;
- Analytical data books used for gathering data used for calculating and analyzing indicators;
- Algorithms for calculating management reporting indicators;
- A model in MS Excel or similar system for producing a management reporting package based on actual and planned data;
- Regulations for management data gathering and reporting, specifying timing and employee responsibilities;
- Finally, training of company staff on autonomous preparation of management reports.
Solutions of Vinasc’s Management accounting and analysis services
- requested management reports
- requested analysis on key financial also non-financial information
- costing setting up and management
- budgeting and forecasting
- cost controlling
- cash flows reports and analysis
- dashboard reporting
- furthermore management accounting advisory.
How Vinasc’s accounting services can help
- We can support you in designing a management accounting system including your requested management reports and analysis.
- Handling your management accounting system and division
- As a result, advising and supporting your management in making decisions and strategy.
Finally, if you are interest in Vinasc’s accounting services in Vietnam, please contact us. As a result, we will send a letter of quotation for your consideration.